RIL posts 38% higher profit in October-December quarter at ₹20,539cr

Reliance Industries (RIL), India’s largest listed company, reported a 38% rise in quarterly profit on Friday on the back of a one-off gain from the sale of its US shale business and strong performance by its oil-to-chemicals (O2C) and consumer (Jio & retail) units. Profit grew to Rs 20,539 crore in Q3FY22. It made a gain of Rs 2,872 crore from the US shale asset divestment.

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