RIL Q3 result HIGHLIGHTS: Mukesh Ambani’s Reliance Industries on Friday reported 13.5 per cent rise in Q3 net profit to a record Rs 11,640 crore compared to Rs 10,251 crore profit in the same period a year back on higher earnings from retail and telecom business, beating street estimates. However, the consolidated revenue fell 1.4 per cent to Rs 168,858 crore, the company said in a statement. RIL was expected to record consolidated revenue of Rs 1.45 lakh crore and net profit of Rs 11,435 crore for the fiscal this quarter, according to a Bloomberg poll. The EBITDA was recorded at Rs 22,386 crore in the third quarter of last year. The margin was recorded at 14.6 per cent. The consumer businesses, which till last year accounted for a quarter of the company’s pre-tax profit, contributed a third of EDITDA in the third quarter. The retail business EBITDA rose 58 per cent to Rs 2,389 crore while telecom arm Jio posted a net profit of Rs 1,350 crore. Reliance Jio posted Rs 1,350 crore profit in the October-December quarter. “The third quarter results for our energy business reflects the weak global economic environment and volatility in energy markets. Within our O2C chain, downstream petrochemicals profitability was impacted by weak margins across products with subdued demand in well-supplied markets. Refining segment performance improved in a difficult operating environment given our continuous focus on cost positions, high operating rates and product placement,” Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries Limited said.Meanwhile, shares of Reliance Industries on Friday closed nearly 3 per cent higher ahead of scheduled declaration of its December 2019 quarter earnings later in the day. The scrip of the country’s most valued firm jumped 2.79 per cent to close at Rs 1,580.65 on the BSE.