RIL Q3 Results: 10% Income Growth Driven by Digital and Retail Sectors

• Reliance Industries reported a 10% year-on-year increase in consolidated income for the December quarter, reaching Rs 2.93 lakh crore.
• Digital services and retail segments were key drivers, contributing significantly to the income growth.
• EBITDA grew by over 6% to Rs 50,932 crore, supported by strong performance in O2C (14.6% growth) and Digital Services (16.1% growth).
• Consolidated profit (pre-minority) stood at Rs 22,290 crore, a 1.6% increase from the previous year.
• Jio added 8.9 million subscribers, exceeding 515 million total, while the retail segment expanded with 431 new stores, totaling nearly 20,000.

Why It Matters: RIL's Q3 performance shows robust growth in income and EBITDA, primarily fueled by its digital and retail ventures.