RIL Q2 net profit down 6.4% to Rs 3,852 cr

RIL today reported 6.41% drop in its net profit at Rs 3,852 cr for the 2nd quarter of the current fiscal.

Mumbai: Country`s most valued company
Reliance Industries on Thursday reported 6.41 percent drop in its
stand-alone profit at Rs 3,852 crore for the second quarter of
the current fiscal.

The total income rose 5.88 percent to Rs 47,476 crore
during the quarter from Rs 44,839 crore in the corresponding
period a year ago, RIL said in a filing to the Bombay Stock

"The timely completion of the new SEZ refinery and the
deep water, oil and gas K-G D6 block and their safe and stable
ramp-up are noteworthy accomplishment for the company. These
projects have contributed meaningfully in RIL achieving a
record level of profits despite the challenging business and
economic environment," RIL Chairman Mukesh Ambani said in

The company`s revenue from refining business grew nearly
9 percent to Rs 39,564 crore.

On other hand, income from petrochemical business stood
at Rs 13,340 crore, down by 14.20 percent.

Revenues from the oil and gas segment, which includes
exploration, development and production, more than tripled to
Rs 2,937 crore during the period under review.

Company`s expenditure on its employees stood at Rs 596
crore in the reviewed quarter, against Rs 605 crore in the
corresponding period a year ago.

Bureau Report

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