Reliance Industries shares gain after Q2 profit beats estimates

Oct 15 2013, 09:59 IST
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Reliance Industries' net profit rose to Rs 5,490 crore in July-September from Rs 5,409 crore a year earlier. Reliance Industries' net profit rose to Rs 5,490 crore in July-September from Rs 5,409 crore a year earlier.
SummaryRIL on Monday reported a 1.5 per cent increase in September quarter profit.

Shares in India's Reliance Industries (RIL) rose 3.1 percent in pre-open trading on Tuesday after its July-September operating profit beat some analysts' estimates due to better-than-expected margins in its petrochemical business.

Reliance Industries said late on Monday operating profit in the previous quarter rose by 11 percent on a sequential basis to 78.49 billion rupees ($1.28 billion).

Reliance, which operates the world's biggest oil refining complex in western India, met analysts estimates with a 1.5 percent rise in net profit to 54.9 billion rupees.

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