Reliance Industries Ltd.
-7.25 (-0.51%) Reliance Industries reports 21% fall in Q1 net profit
Date: 21-07-2012Reliance Industries has reported results for first quarter ended June 30, 2012.
On the standalone basis, the company has posted a fall of 20.98% in its net profit at Rs 4473.0 crore for the quarter ended June 30, 2012 as compared to Rs 5661.0 crore for the same quarter in the previous year. However, total income has increased by 14.23% at Rs 93779.0 crore for quarter under review as compared to Rs 82096.0 crore for the quarter ended June 30, 2011.
The Reliance Group, founded by Dhirubhai H. Ambani, is India's largest private sector enterprise, with businesses in the energy and materials value chain. Group's annual revenues are in excess of $ 30 billion. The flagship company, Reliance Industries, is a Fortune Global 500 company and is the largest private sector company in India.