Reliance FY09 Result | Ril Result beats forecast

Reliance FY09 Result | Ril Result beats forecast

India’s biggest energy group, Reliance Industries Ltd, quarterly net profit fell 1 percent as global economic crisis hurt demand, but
still fared better than market expectations.

The company, valued at $54 billion, posted a net profit excluding the effect of exceptional items of 38.74 billion rupees ($773 million) on Thursday for its fiscal fourth quarter ended March, compared with 39.12 billion reported a year ago.

A Reuters poll had forecast a net profit of 36.1 billion rupees. Reliance’s most-watched refining margins fell to $9.9 per barrel in the quarter, from $15.5 a year earlier.

Turnover fell to 290.73 billion rupees from 386.97 billion a year ago.

Ahead of the results, shares in Reliance, closed up 2.7 percent at 1,762.35 rupees in a Mumbai market that rose 2.9 percent.

The stock jumped 24 percent in the March quarter, outperforming a flat benchmark index and the energy sector’s 16.6 percent rise.

SRC ::  economictimes.indiatimes.com

Related posts:

1. Infosys q2 2009 Results | Infosys Results Infosys q2 2009 Results | Infosys Results Infy Q2 PAT...
2. Infosys Result | Infy Q3 Results 2011 | Infosys Q3 Result Infosys Result | Infy Q3 Results 2011 | Infosys Q3...
3. Reliance Media World listing | Reliance Media World listing Price Reliance Media World listing | Reliance Media World listing Price...
4. Suzlon Share Price | Suzlon Energy Live Price Suzlon Share Price | Suzlon Energy Live Price Suzlon Energy...
5. Reliance Industries RIL Bonus Shares | Ril 1:1 bonus Reliance Industries RIL Bonus Shares | Ril 1:1 bonus Reliance...
6. TCS Q4 Results April 19,2010 | TCS Salary Hike 2010 TCS Q4 Results April 19,2010 | TCS Salary Hike 2010...
7. Infosys Results | Infosys Q2 results | Infy Q2 2010-11 Results Infosys Results | Infosys Q2 results | Infy Q2 2010-11...