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Analysts in an ET NOW poll had estimated the profit number at Rs 11,400 crore.
The company’s overall revenue declined 1.40 per cent to Rs 1.69 lakh crore from Rs 1.71 lakh crore in the year-ago period.
Gross refining margins (GRM) for the quarter came in at $9.20 per barrel against $8.8 reported for the same period last year.
The company’s telecom unit Reliance Jio posted 62.45 per cent yearly jump in profit at Rs 1,350 crore on an average revenue per user (Arpu) of Rs 128.40.
Mukesh Ambani, Chairman and Managing Director, said: “The third quarter results for our energy business reflect weak global economic environment and volatility in energy markets. Refining segment’s performance improved in a difficult operating environment given our continuous focus on cost positions, high operating rates and product placement.”
He added that the progress of consumer businesses continue to establish new milestones every quarter.
On retail unit, Ambani said the company saw consistent same-store sales growth and record footfalls.
Jio, he said, is expanding network capacity and coverage to keep pace with demand. “We are making good progress on the value unlocking initiatives announced earlier while building on sustainable growth platforms for our shareholders.”
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