Reliance Industries on April 18 reported a record net profit of ₹10,362 crore in the March quarter as robust revenue from retail and telecom businesses offset weakness in core oil refining and petrochemical segment.

Net profit in January-March at ₹10,362 crore, or ₹17.5 a share, was 9.8% higher than ₹9,438 crore, or 15.9 per share, in the same quarter last year, the company said in a statement.

Revenue rose 19.4% to ₹154,110 crore.

Profit from its retail business jumped 77% to ₹1,923 crore and that from telecom rose by 78.3% to ₹2,665 crore.