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Reliance Industries' Q3 net profit dips by 13.6%

21 Jan 2012 Evaluate

Reliance Industries has reported results for the third quarter ended December 31, 2011.

The company's net profit declined by 13.6% to Rs 4,440 crore for the quarter ended December 31, 2011, from Rs 5,136 crore in the corresponding year-ago quarter. Turnover rose by 42.39% to Rs 85,135 crore for the quarter under review from Rs 59,789 crore for the same quarter last year.

Recently, government of Singapore has acquired 1.09% stake in Mukesh Ambani-led Reliance Industries (RIL). As per the company's latest shareholding data, the Singapore Government held 3,57,72,679  shares of RIL as on December 31, 2011.

Peers
Company Name CMP
Reliance Industries 1186.10
Indian Oil Corpn. 130.70
Bharat PetroleumCorp 296.50
HPCL 343.10
MRPL 172.60
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