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

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 on Thursday reported a better-than-expected third-quarter profit, helped by strong performance across its energy, retail and digital services segments.

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.

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.

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.

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