RIL’s Second Quarter Net Profit Down 23% to Rs. 7206 crores

RIL’s Second Quarter Net Profit Down 23% to Rs. 7206 crores

Billionaire Mukesh Ambani’s Reliance Industries Ltd (RIL) announced a 23% fall in its net profit at Rs 7,206 crore for the second quarter ended September 30, 2016 as against Rs 9,345 crore in the same period a year ago. The last year Q2 profit was higher on the back of income from sale of RIL’s US shale gas assets.

Mukesh Ambani’s RIL clocks highest quarterly net profit in 8 years at Rs 7,398 cr

Mukesh Ambani’s RIL clocks highest quarterly net profit in 8 years at Rs 7,398 cr

Team EnergyInfraPost With falling crude oil prices boosting the company’s refining and petrochemical margins, India’s largest private sector energy company–Reliance Industries Ltd on April 22nd, 2016 reported its highest quarterly net profit in eight years at Rs 7,398 crores representing a 16% jump in earnings for the three-month period ended March 31. RIL is the operator […]