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.