Reliance Industries Q2 net profit up marginally at Rs 5,972 cr

Written by PTI | Mumbai | Updated: Oct 14 2014, 00:40am hrs
Reliance IndustriesReliance Industries posted a rise of 1.7 per cent in second-quarter profit. Reuters
Reliance Industries today reported a marginal 1.7 per cent rise in its second quarter net profit to Rs 5,972 crore.

It had posted Rs 5,873 crore profit in the April- September quarter of last fiscal, 2013-14.

RIL's turnover fell 4.3 per cent to Rs 1,13,396 crore as international oil prices dropped to three year low.

Commenting on the results, its Chairman and Managing Director Mukesh D Ambani said: "RIL's financial performance for the period stands testimony to the intrinsic strength of our integrated business operations. The refining and petrochemical businesses, once again, delivered robust results, outperforming regional industry benchmarks."

He said RIL will create significant value for its stakeholders over the next 12-18 months as its completes large investment programme across energy and consumer businesses.

"These projects will propel the next phase of growth for India and Reliance," he said.