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Markets News

India's Reliance Industries reports 18.3% increase in net profit

MUMBAI, Oct 18 (Reuters) - India’s Reliance Industries Ltd said on Friday its net profit rose 18.3% for the September-quarter compared with a year ago, helped by strong growth in its consumer-facing businesses.

The consolidated net profit rose to 112.62 billion Indian rupees ($1.58 billion) in the three months ended Sept. 30, the country’s largest company by market value said.

Analysts on average had expected a profit of 111.71 billion rupees, according to Refinitiv data. ($1 = 71.1090 Indian rupees) (Reporting by Promit Mukherjee; Editing by Alexandra Ulmer and Uttaresh.V)

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