Reliance Industries Ltd(RIL) has announced its Q2 2010 and its half yearly results just now. As expected it was  muted results from RIL in the last quarter in the midst of many issues surrounding the company. The net sales/revenue of the company stood at Rs 48,843 crores as against Rs 32,441 in the last quarter.

The net profit of RIL stands at Rs 3,852 crores which is down by 6.4% Y-o-Y.But there was a marginal sequential growth as compared to Q1 2010 when it made profits of Rs 3,666 crores. The EPS of RIL now stands at23.4. In the half yearly period its net profit decreased by 8.5% to 7,518 crores. The company has announced a bonus of Rs 13 per equity share for 2008-0. And recently the company has also announced a 1:1 bonus issue to all its share holders.

The stock markets which are currently in a downtrend will get more impacted by lackluster results of RIL in this quarter. Meanwhile RIL closed down by 1.6% at Rs 2004 in the stock markets today. It can get hit in the markets tomorrow and over the markets will come down due to this. The stock has been under performing the broader markets when it grew by just 8.8% in the last quarter and the markets have grown by 18% during this period of time.  You can analyze RIL Q2 2010 results from here.

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