Reliance Industries becomes first private company to post $1 billion quarterly net profit

Jul 19 2014, 19:06 IST
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Mukesh Ambani's Reliance Industries posted net profit of $988 million for its fiscal first quarter. Mukesh Ambani's Reliance Industries posted net profit of $988 million for its fiscal first quarter.
SummaryMukesh Ambani's Reliance Industries posted net profit of $988 million for its fiscal first quarter.

up from 52.37 billion rupees a year earlier.

Analysts on average expected the company, which operates the world's biggest refinery complex in a single location in western India, to earn a net profit of 56.14 billion rupees, according to Thomson Reuters data.

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