Reliance Industries reports net profit of Rs 5,972 crore in September quarter
14 Oct 2014 12:38 AM IST
Reliance Industries second-quarter profit rises 1.7 per cent
Reliance Industries' Mukesh Ambani. (Photo: PTI)
Mumbai: Reliance Industries Ltd (RELI.NS), controlled by India's richest billionaire Mukesh Ambani, on Monday posted a rise of 1.7 percent in second-quarter profit, helped by strong growth in its U.S. shale business and refining margins.
Net profit was 59.72 billion rupees ($979.1 million) in July-September, up from 58.73 billion rupees a year earlier, the Mumbai-based energy conglomerate said in a statement.
Analysts on average expected the company to report standalone earnings of 56.34 billion rupees, according to Thomson Reuters.
( Source : reuters )
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