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Posted by Shyam as Results
Well here are the results of another major Indian company for whose results are looked upon with great eager. Doing business in these tough times even, RIL has announced a net profit down of 1%. RIL has posted a net profit of $773 million which is marginally below its net profit a year ago.
Analyst were predicting a net profit of Rs 36.1 billion INR but it came out with a profit of 38.74 billion INR, beating the market expectations. The total turnover of the company fell sharply to 290.73 billion rupees as compared to 387 billion rupees a year ago. But in the markets today the RIL managed to close 2.8% above its previous close. at Rs 1763.
Reliance Petroleum also announced its results today. It posted a net profit of Rs 84 crores on sales of Rs 3,678 crores in the Q4 2009. RPL too rose by 3% in today’s trading session.
Another Reliance Group company called Reliance Infra has also come out with its Q4 2009 results. Reliance Infra posted a impressive 14.85% rise in the profits to Rs 1353 crores today and PAT of Rs 1,178 crores.
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