Analyst Research Report Snapshot

Title:

Result Update (Reliance Industries)

Price:

$58.00

Provider:

SMC Global Securities Limited

Date:

15 Oct 2013

Pages:

5

Type:

AcrobatPDF

Companies referenced:

RELI.NS

Available for Immediate Download
Summary:

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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