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.

Results: Reliance Industries posted Q3 profit at Rs 21,804 crore, up 11.88 per cent as against Rs 19,488 crore during the same quarter of previous financial year.

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.

Shares of Reliance Industries Ltd on Friday climbed nearly 5 per cent after the firm reported a 7.4 per cent rise in December quarter net profit.

Reliance Industries Ltd's shares climbed nearly 5% following a reported 7.4% rise in net profit for the December quarter. The boost was driven by rebounds in retail, increased telecom earnings, and steady oil and petrochemical performance.

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.

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

Reliance Industries Limited (RIL) on Thursday reported a 7.4 per cent rise in its December quarter profit, PTI quoted the company filing. The company reported a consolidated net profit of ₹18,540 crore,