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23 Apr
Posted by Shyam as Results
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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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