Reliance share price faces Monday test after Q3 profit miss; Jio ARPU and retail margins in focus
Reliance Industries reported quarterly profit of 186.45 billion rupees, missing analyst estimates and rising just 0.6% year-on-year. Shares closed Friday at 1,457.90 rupees before results, with investors awaiting Monday’s open for market reaction. Retail core margins fell to 8% and oil and gas EBITDA dropped 12.7%. Reliance halted Russian crude deliveries in late December due to sanctions, Reuters said.