Reliance Industries Reports Quarter Three Profit Shortfall Amid Energy Segment Challenges
Reliance Industries reported a third-quarter profit of 186.45 billion rupees, missing analyst expectations. The miss followed weaker output in the energy sector.
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Reliance Industries Limited announced on Friday that its consolidated profit for the third quarter ended December 31 reached 186.45 billion rupees. This figure missed the analyst consensus estimate of 196.44 billion rupees, as the company faced headwinds in its traditional energy operations. Mukesh Ambani mukesh ambani, the chairman and managing director of the conglomerate, saw total revenue for the quarter increase by 10.5% to $29.65 billion, while total expenses outpaced that growth by rising 11.5% to $27.00 billion. The rise in operating costs was primarily linked to maintenance activities during the period in IN 
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