Reliance Industries Limited (RIL), India’s largest company my market cap,came out with its Q1,2009 results just yesterday on July 24th,2008. It has declared a net consolidated profit of Rs 4,110 crores or $955 million which is an increase of 13% for the first quarter. The EPS of the company now stands at Rs 28.30 per share which was Rs 25/share a year ago.

The net turnover of the company increased by 38% to Rs 43,050 crores or $10 billion which was Rs 29,721 crores in the last quarter ending Mar 31st,2008. The total exports of the company increased to Rs 28,357 crores which is again a growth of 112%.The basic reason of the stupendous growth was attributed to increase in the prices and volume growth.

Even though the results were announced after the market hours, the stock prices of RIL was up by 1.81% yesterday. Commenting on the Q1 2009 results Mr.Mukesh Ambani said that he was confident of a good growth in the medium term. For a complete analysis on the RIL Q1 2009 results you can check this out.

Coming to the other major news coming in from Inflation figures. Finally there seems to be a little respite coming in as the inflation figures are just hanging around and not increasing much currently. Last week the inflation figures stood at 11.91%. For the week ending July 12 the inflation figures stands at 11.89%. It matched with the inflation figures 2 weeks backs. It was mainly due to softening prices or atleast some static prices. The food prices saw a marginal increase with coffee rising by almost 8%.

RBI is expected to make some monetary changes in the form of hiking key interest rates when it meets next time on July 29th. We have already seen some measures taken by the central bank in the last couple of days. So finally its showing some impact with inflation figures stabilizing a bit.

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