Reliance Industries Ltd posted net profit at Rs. 17,806 crore for the third quarter ended December 31, 2022.

EBITDA increased by 13.5% Y-o-Y to Rs. 38,460 crore, while Gross Revenue was Rs. 240,963 crore ($ 29.1 billion), up 14.8% Y-o-Y, supported by continuing growth momentum in consumer businesses. Digital Services segment.

The Capital Expenditure for the quarter ended December 31, 2022 was Rs. 37,599 crore ($ 4.5 billion).

Commenting on the results, Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries Limited said: “Our teams across businesses have done an excellent job in delivering strong operating performance through a challenging environment. All segments contributed to the robust growth in consolidated EBITDA on Y-o-Y basis.In O2C business, middle distillate product fundamentals remain strong with firm demand, constrained supply, and high natural gas prices in Europe. Downstream chemical products witnessed margin pressure with excess supply and relatively weak regional demand. Our focus remains on operating safely and reliably producing vital fuel and materials for consumers."