Reliance shares fall 2 per cent as markets react to results

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Shares in India's largest private sector company by revenues, Reliance Industries fell by more then 2.5 per cent in trade, as investors remained disappointed with a poor set of revenues.

The stock was down at Rs 784 on the Bombay Stock Exchange.

Reliance Industries reported a net profit of Rs 5589 crores for Q4 2013, on revenues of Rs 84,198 crores.

The Reliance Industries board 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.

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Story first published: Wednesday, April 17, 2013, 10:04 [IST]
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