Ril Q3 Losses News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Reliance Industries shares tanked as much nearly 5.7 per cent and hit an intra-day low of Rs 1,933 on the BSE on Monday as investors booked profits after the company announced its results for the third quarter ended December 2020 (Q3FY21). The numbers were unveiled post market hours on Friday.
The oil-to-telecom conglomerate s consolidated net profit of Rs 13,101 crore in the December quarter jumped 37 per cent sequentially, and beat Street expectations of a 32 per cent QoQ PAT improvement. On a yearly basis, the profit grew 12.5 per cent as lower expenses cushioned earnings even as revenues declined.
According to Bloomberg estimates, the company’s top line was seen at Rs 1.209 trillion in the December quarter, while the bottom line was expected to be at Rs 10,107 crore. In segment-wise revenue, the company’s digital services was the only business that saw an uptick - of 33 percent on a year-on-year (YoY) basis at Rs 23,678 crore. Oil-to-chemicals, oil and gas, and ....

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