Reliance declares results

The topline has increased 5% from 139,269 crores to 146,328 crores.

Operational profit has remained the same at 18488 crores vis-a-vis 18459 cr the year ago.

Net profit however decreased 21% to 15,309 crores as compared to nearly 20,000 cr the year before.

A decrease in the bottom line was expected owing to the bad year for refiners, but Reliance in particular has stood stronger than its peers. However, since the results of RPL have been accommodated in the results of RIL, it is safe to believe that RPL did not have a great year. But since it did not have a full operational year, the next year's results would be more determining of RPL's capability to add to RIL's numbers.

You can read the detailed result here: http://www.bseindia.com/xml-data/corpfiling/announcement/Reliance_Industries_Ltd_071009.pdf
Uploaded at 10/07/2009 05:07:00 PM
by Chinmay
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