By Giulia Petroni


Reliance Industries Ltd. said Friday that net profit fell while revenue rose in the third quarter of its fiscal year.

The Indian conglomerate said that net profit for the quarter ended Dec. 31 was157.92 billion Indian rupees ($1.94 billion), down from INR185.49 billion in the same period a year earlier, and missing a INR160.71 billion estimate taken from a poll of analysts by S&P Global Market Intelligence.

Third-quarter revenue increased to INR2.206 trillion from INR1.913 trillion a year earlier.


Write to Giulia Petroni at giulia.petroni@wsj.com


(END) Dow Jones Newswires

01-20-23 0908ET