Reliance Industries' Q2 profit up by 7 per cent

GOOD SHOW: Reliance Industries Limited second quarter result have beaten expectations.

ibnlive.com is on mobile now. Read news, watch videos
be a Citizen Journalist. Log on to m.ibnlive.com NOW!

Related Stories

• Ambani VS Ambani: How the battle unfolded

• Mukesh floats 1-million-job dream

• The richest of 'em all: Mukesh Ambani

Top Headlines

Top Videos

Most Popular

• Satyam stunner: Highs and lows of Raju's career 

• Satyam's crack team | Directors shocked | Timeline  

• Satyam boss admits fraud, quits | Letter | Probe 

• Pak sacks NSA | He admitted Kasab's a Pakistani 

• 26/11 terrorists 'phoned' to kill foreigners: Dossier 

• Mumbai terrorists had British link: MI5 chief 

• One more Noida gangrape accused arrested 

• Pashupatinath prevails over Nepal Maoists  

• England cricket in turmoil; Pietersen, Moores quit 

• In Pics: Bollywood goes bare | Read Story 

• Satyam boss Raju admits accounting fraud, quits 

• Pak denies, India cries and the band plays on 

• Pak can't decide if India's dossier is proof enough 

• PM joins the diplomatic offensive against Pakistan 

• Choking Delhi: MCD to convert parks into parking lots 

• Trained to kill: How Kasab held Mumbai to ransom 

• Casualties mount, medical aid a far cry in Gaza  

• Day 7: Poonch gunbattle still on, 10 terrorists hiding 

• Non-UPA CMs divided over new anti-terror law 

• Slumdog... crew celebrates A R Rahman's birthday 

• Revealed: Murder order for Mumbai terrorists 

• Satyam directors, employees shocked  

• Satyam 'apologises', vows to emerge stronger 

• Kasab is a Pakistani national: Pak official 

• Stock Shock: Satyam off Nifty from Jan 12 

• Mumbai terrorists had British link: MI5 chief 

• Satyam stunner: Highs and lows of Raju's career 

• Beleaguered Satyam forms crack team for fire-fighting 

• Satyam case goes to agency that probes serious fraud 

• Man shot dead near Omar's house was deaf and mute  

Photogallery

Find us on Facebook | Join IBNLive community

Stay ahead with G-Talk Buddy | Click now!

Mumbai: Reliance Industries Limited has come out with its second quarter result beating expectations. The Q2 net profit was up 7.4 per cent at Rs 4122 crore versus Rs 3837 crore.

Its net sales were up 39.8 per cent Rs 44787 crore versus Rs 32043 crore during the same period last year.

The company's additional depreciation charge of Rs 798 crore for H1.

PBIT margins at 11.9 per cent vs 12.3 per cent QoQ. PBIT margins at 11.9 per cent vs 14.8 per cent YoY.

Highlights of the un-audited financial results as compared to the previous period are:

• Turnover increased by 38% to Rs. 89,163 crore ($19.0 billion)
• Exports increased by 57% to Rs. 58,180 crore ($12.4 billion)
• PBDIT increased by 10% to Rs. 12,972 crore ($2.8 billion)
• Cash Profit increased by 9% to Rs. 11,097 crore ($2.4 billion)
• Net Profit increased by 10% to Rs. 8,232 crore ($1.8 million)

RIL operates the world's third-largest refinery at Jamnagar and has tied up with US-based energy giant Chevron Corp to build another refinery.

Together, the two refineries are expected process 1.24 million barrels of crude per day by 2009.