RIL Q1 profit rises 18% to Rs7,113 crore - News Summed Up

RIL Q1 profit rises 18% to Rs7,113 crore


Consolidated net profit for the three months ended 30 June came in at Rs.7,113 crore, compared with Rs.6,024 crore a year ago. Stand-alone net profit for the June quarter was Rs.7,548 crore, up 18.5% from Rs.6,369 crore in the same quarter last year. Two analysts polled by Bloomberg had expected consolidated revenue of Rs.67,760 crore and net profit of Rs. The consolidated net profit of Reliance Industries (RIL) for the three months ended 30 June came in at Rs7,113 crore against Rs6,024 crore a year agoThe stand-alone net profit for the June quarter was at Rs7,548 crore, up 18.5% compared to Rs6,369 crore in the same quarter last year. Consolidated revenue, however, fell 13.13% to Rs.71,451 crore from Rs.82,509 crore a year earlier.


Source: Mint July 15, 2016 12:00 UTC



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