Reliance released its third quarter earnings figures, now its shares will rise

The country's largest telecom company Reliance Jio has released the earnings figures. The company has made strong profits in this quarter. In the third quarter of the current financial year, profit increased by 28.3 percent to Rs 4,638 crore.

According to the information given by the company, Reliance Jio told the stock market that it had earned a net profit of Rs 3,615 crore in the same quarter of the last financial year 2021-22. The company's income increased to Rs 22,993 crore in the October-December quarter of the current financial year from Rs 19,347 crore in the corresponding quarter of the previous financial year. After this result, it is expected that the stock of Reliance Group can see a boom.

Reliance Industries Limited's net profit declined by 15 per cent to Rs 15,792 crore in the third quarter of the current financial year. According to the company, the net profit for the October-December quarter of 2022-23 stood at Rs 15,792 crore, as against Rs 18,549 crore in the corresponding quarter of the previous fiscal. The company's income increased to Rs 2,20,592 crore in the December quarter, as against Rs 1,91,271 crore in the corresponding quarter of the previous financial year.

Steel maker JSW Steel's integrated net profit declined 85.50 per cent to Rs 474 crore in the December quarter of the current financial year. The profit of the company decreased mainly due to increase in expenses. The company told the stock market on Friday that it had earned a net profit of Rs 4,516 crore during the same period last year. JSW Steel said the company's total income rose to Rs 39,322 crore in the October-December quarter from Rs 38,225 crore in the same period last year. At the same time, the company's expenses increased to Rs 38,288 crore in the quarter under review, from Rs 31,986 crore in the same quarter last year.