For Quick Alerts
For Daily Alerts

    RIL Shares Gain Post Robust Q4 Earnings


    Mumbai: Reliance Industries' shares rose over 1 per cent on April 20 after the company reported its highest quarterly net profit in more than seven years for the quarter ended March.

    The stock opened the day on a positive note and further gained 1.19 per cent at Rs 937.95 on the BSE.

    RIL Shares Gain Post Robust Q4 Earnings
    Reliance Industries: Quotes, News
    BSE 1375.25BSE Quote27.65 (2.01%)
    NSE 1376.55NSE Quote26.5 (1.93%)

    At the NSE, it went up by 1.14 per cent to Rs 937.45. Later, the stock erased all its early gains on emergence of profit-booking in an overall weak broader market and was trading at Rs 911.35, down 1.67 per cent, on the BSE.

    Reliance Industries had on Friday reported its highest quarterly net profit in more than seven years for the quarter ended March 31 (2014-15) as record refining margins helped offset dip in petrochemical and oil and gas businesses.

    Consolidated net profit in the January-March quarter at Rs 6,381 crore, or Rs 21.7 a share, was 8.5 per cent higher than Rs 5,881 crore, or Rs 20 per share, profit a year ago.

    Standalone net profit was up 10.8 per cent at Rs 6,243 crore. This is the highest quarterly net profit for RIL, since it clocked Rs 8,079 crore net profit in the third quarter of 2007-08.

    Meanwhile, the broader BSE Sensex was trading lower by 210.90 points at 28,231.20 in afternoon session.


    Read more about: reliance industries
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more