Shares of Reliance Industries climbed as much as 5% in early trade on Friday, after the country's most valuable company topped quarterly profit estimates on strong demand in its retail and telecom units.

The shares of the Mukesh Ambani-led conglomerate surged by nearly 3% after robust Q3 figures, beating D-street estimates

RIL's Q3 earnings are set to benefit from stronger gross refining margins and higher ARPU in digital services, helped by the residual impact of tariff hikes.

Reliance Industries Ltd on Thursday (January 16) reported a 7.4% rise in its December quarter net profit, as its retail business rebounded and telecom earnings rose.

Reliance Industries beat expectations for third-quarter profit on Thursday, as its retail business benefited from strong festive demand, while its telecom unit was bolstered by higher cellular tariffs and a rise in 5G subscribers.

Results: The oil-to-telecom conglomerate’s revenue from operations in the third quarter of current fiscal rose 6.7 per cent to ₹2.40 lakh crore led by digital and retail growth boost.

Reliance Industries reported a 7% YoY rise in consolidated net profit to Rs 18,540 crore for Q3, surpassing estimates. Revenue increased by 7% YoY to Rs 2.43 lakh crore. Strong performance across segments,

Reliance Industries Ltd on Thursday reported a 7.4 per cent rise in its December quarter net profit as retail business rebounded, telecom earnings surged on higher tariffs and mainstay oil and petrochemicals business delivered consistent performance.