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India's Reliance quarterly profit surges 78%, tops view

India's Reliance quarterly profit surges 78%, tops view

Zawyaa day ago
Indian billionaire Mukesh Ambani's Reliance Industries beat estimates for quarterly profit on Friday, powered by strong growth in its energy, retail and digital services businesses.
Consolidated profit soared 78.3% to 269.94 billion rupees ($3.14 billion)for the quarter ended June 30, beating analysts' average estimate of 198.59 billion rupees, according to data compiled by LSEG. ($1 = 86.0620 Indian rupees)
(Reporting by Sethuraman NR and Chandini Monnappa; Editing by Anil D'Silva)
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