RIL records highest ever quarterly results
RIL Q3 net soars to Rs 2,799 cr
Mukesh Ambani group's flagship company Reliance Industries on Thursday posted a net profit of Rs 2,799 crore in the October-December quarter, up from Rs 1,776 crore in the year-ago period.
The total income (net of excise) was Rs 26,514 crore for the third quarter ended December 31, while the same was at Rs 18,348 crore for the corresponding quarter a year ago, Reliance Industries informed the Bombay Stock Exchange.
Ten analysts polled by Reuters had forecast a net profit of Rs 22.31 billion and net sales of Rs 253.4 billion.
Petrochemical margins rose over 35 percent in the quarter thanks to higher product prices and a drop in feedstock prices and analysts expect the margins to stay firm in the current quarter.
The company said refining margins for the December quarter were $11.7 a barrel.
Mukesh Ambani group's flagship company Reliance Industries on Thursday posted a net profit of Rs 2,799 crore in the October-December quarter, up from Rs 1,776 crore in the year-ago period.
The total income (net of excise) was Rs 26,514 crore for the third quarter ended December 31, while the same was at Rs 18,348 crore for the corresponding quarter a year ago, Reliance Industries informed the Bombay Stock Exchange.
Ten analysts polled by Reuters had forecast a net profit of Rs 22.31 billion and net sales of Rs 253.4 billion.
Petrochemical margins rose over 35 percent in the quarter thanks to higher product prices and a drop in feedstock prices and analysts expect the margins to stay firm in the current quarter.
The company said refining margins for the December quarter were $11.7 a barrel.
posted by SY at 6:47 PM
0 Comments:
Post a Comment
<< Home