Reliance revenues dips; net profits at Rs 5589 crores

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India's largest private sector company, Reliance Industries has reported a net profit of Rs 5589 crores for Q4 2013, on revenues of Rs 84,198 crores. The Reliance Industries board has recommended a dividend of Rs. 9.00 (Rupees nine only) per share.

The company has reported a gross refining margin of $10.1 per barrel, which is better than analyst estimate of $9.9 barrel. The company's petchem EBT margin was at 8.6 per cent.

Analysts do not expect the Reliance stocks to react in any major way given that results have been in line with expectations.

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