Reliance Industries Q3 Results: Net Profit Jumps 18% to ₹21,804 Cr
Reliance Industries posted a strong Q3 with net profit rising 18% YoY to ₹21,804 crore, driven by robust performance across retail and Jio segments.
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Reliance Industries posted a strong Q3 with net profit rising 18% YoY to ₹21,804 crore, driven by robust performance across retail and Jio segments.
The Reserve Bank of India held repo rate at 6.5% for the sixth consecutive time, while hinting at potential rate cuts in H1 FY26.
Indian IT bellwethers rallied sharply after TCS announced a $1.2B deal win and Infosys reported 12% revenue growth in US geography.
SEBI's new circular restricts weekly expiry F&O contracts to only index options, impacting retail trader activity significantly.
Titan's jewellery division grew 22% YoY, pushing consolidated PAT up 16% to ₹1,029 crore, beating consensus estimates by 8%.
Asian Paints reported a 4th consecutive quarter of volume decline, prompting Kotak and Motilal to cut target prices by 12-15%.
IMF revised India's growth forecast upward by 20 basis points to 7.2%, citing strong domestic consumption and infrastructure spending.
HDFC Bank's board approved the appointment of a new MD & CEO, with analysts viewing the transition positively for near-term stability.
Infosys revised its annual revenue guidance upward, driven by accelerating AI-related deal momentum and improving client spending.
State Bank of India posted a record quarterly profit of ₹16,891 crore with gross NPA ratio improving to 2.42%, the lowest in a decade.
Sun Pharma received a USFDA warning letter for its Halol manufacturing facility, potentially impacting US revenue contribution of ~18%.
Larsen & Toubro secured a ₹15,000 crore offshore infrastructure contract, taking its order book to a record ₹4.7 lakh crore.
India's benchmark 10-year government bond yield eased to 6.95% after CPI inflation for December came in at 5.69%, below estimates.
Foreign institutional investors pumped ₹12,340 crore into Indian equities in the first fortnight of January, with banking and IT stocks attracting the most.
ICICI Bank's loan growth decelerated to 16% in Q3, below its historical run-rate, with management flagging caution on unsecured lending.