(Bloomberg) -- Reliance Industries Ltd.’s quarterly profit rose 18% from a year earlier beating analyst estimates, bolstered by its telecommunications and retail businesses.

India’s biggest company by market value posted a consolidated net income of 112.6 billion rupees ($1.58 billion) in the three months through September, against 95.2 billion rupees a year ago, it said in an exchange filing. That compares with the 110.8 billion-rupee average of estimates compiled by Bloomberg.

To contact the reporter on this story: Debjit Chakraborty in New Delhi at dchakrabor10@bloomberg.net

To contact the editors responsible for this story: Serene Cheong at scheong20@bloomberg.net, Alpana Sarma, Abhay Singh

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