Reliance Industries Share: Digital and O2C increased profits
Reliance Industries has performed brilliantly in the December quarter. The company’s Q3 net profit stood at ₹18,645 crore, with major contributions from the digital services and oil-to-chemical (O2C) segments. The company’s total income increased to ₹2.65 lakh crore, while EBITDA stood at ₹46,018 crore. Strong fuel margins and uptick in Jio-bp volumes have led to improvement in O2C segment earnings, which is likely to cause movement in RIL stock today.