Reliance Industries reports a 25.1% increase in consolidated net profit in the third quarter of fiscal 2018 ended 31 December 2017, to 94.2 billion Indian rupees ($1.48 billion) on the back of higher refining margins, and a strong performance at petrochemicals and the telecom arm Jio. Operating profit was up 38.4% to Rsl41.7 billion, and revenue advanced 30.5% to Rs1.099 trillion, primarily due to higher volumes following the start-up of petrochemical projects and higher prices in refining and petrochemicals. Earnings per share for the quarter were Rsl6.0, compared with Rsl2.8 in the corresponding quarter of the previous year.
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