Reliance Reports Record Quarterly Net profit Of Rs 6381 Crores

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Reliance Industries today reported a record net profit of Rs 6381 crores for the quarter ending March 31, 2015.

Reliance Reports Record Quarterly Net profit Of Rs 6381 Crores
The company reported a consolidated net revenue of Rs 388,494 crores. The result was marginally above expectations.

"FY 2014-15 has been a very successful and important year for Reliance. In a time when the collapse of crude oil prices unsettled the hydrocarbons markets, our refining business delivered record earnings.

The earnings power demonstrated by our hydrocarbon businesses in this environment validates our philosophy of investing in world-scale, cost competitive assets, cutting-edge technology and the talent of people.

This year we also made giant strides in our quest to sustain Reliance's growth momentum with the highest-ever capital investment into our hydrocarbon business and our next-generation digital services initiative, " said Mukesh Ambani, Chairman and Managing Director of the company.

RIL retained its domestic credit ratings of AAA from CRISIL and FITCH and an investment grade rating for its international debt from Moody's as Baa2 and BBB+ from S&P.

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Story first published: Saturday, April 18, 2015, 7:01 [IST]
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