Analyst Research Report Snapshot

Title:

Technofunda Report- Reliance Industries

Price:

$46.00

Provider:

Bonanza Portfolio Limited

Date:

11 Jul 2013

Pages:

4

Type:

AcrobatPDF

Companies referenced:

RELI.NS

Available for Immediate Download
Summary:

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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