United States

Analyst Research Report Snapshot


Result Update (Reliance Industries)




SMC Global Securities Limited


15 Oct 2013





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Reliance Industries (RIL) reported financial performance for Q2FY'14 better than the estimates led by 1% increase in its net profit at `5490 crore for the quarter ended September 2013 compared to corresponding previous year quarter while topline increased 15% to 103758 crore. Revenues were higher by 18% while profits were higher by 3% on a q-o-q basis. Higher revenues was led by 16% rise in refining revenues to 97456 crore and 13% rise in petrochemical revenues to 24892 crore offset by 35% fall in oil and gas revenues to Rs 1464 crore.

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