Reliance Industries ltd (RIL) Q3 net profit was down 9.8% at Rs 35010 million (Rs 3501 crores) for the quarter ended December 31, 2008 as compared to Rs 38820 million (Rs 3882 crores) for the quarter ended December 31, 2007. Its net sales were down 8.8% at Rs 31,563 crore versus Rs 34,590 crore.

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