New Delhi, Jan. 18 -- Reliance Industries Ltd on Friday reported its highest-ever quarterly consolidated net profit of Rs 11,640 crore or $1.6 billion for the quarter ended December 31, 2019, rising by 13.5 per cent on a year-on-year basis.
A strong performance across refining, Jio and retail pushed higher the consolidated net profit on a year-on-year basis.
The company had reported a consolidated net profit of Rs 10,251 crore during the corresponding period of financial year 2018-19.
According to the company, the net profit which represents the owner's share includes an exceptional item - an expense of Rs 177 crore on account of liability towards license fees.
The company's net profit for the quarter, excluding the impact of the except...