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Analyst Research Report Snapshot


Technofunda Report- Reliance Industries




Bonanza Portfolio Limited


11 Jul 2013





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Reliance Industries reported an impressive numbers for last quarter FY13 results. It registered a rise in net profit by 32% at Rs 5589 crore for the quarter ended March 2013, against Rs 4236 crore in the same quarter a year ago. This was mainly on account of margin expansion in petrochemicals and higher other income. On a QoQ basis, it reported a marginal rise in net profits. Net sales of the company were however marginally lower at Rs 84198 crores for the quarter ended Mar. 31, 2013, down 1.2% over prior year period. The company aims to double its operating profit in the next four to five years through capacity expansions in its core energy business and builds up its newer retail and telecoms operations.

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