Reliance Q2 net vaults 28 per cent to a record Rs4,923 crore
30 Oct 2010
Reliance Industries Ltd today reported a record Rs4,923 crore net profit in the second quarter of the current financial year (July-September 2010-11) - an year-on-year increase of 27.8 per cent.
The Mukesh Ambani-led Reliance Industries had posted a net profit of Rs3,852 crore in the year-ago period and a Rs4,851 crore net profit in the first quarter of the current financial year (April-June 2010-11).
Turnover rose 22.8 per cent to Rs59,962 crore from Rs48,843 crore in the previous year quarter, but was lower compared with Rs61,007 in the first half of the current financial year.
Profit before tax stood 24.2 per cent higher at Rs6,149 crore against Rs4,951 crore in the previous year quarter. It was Rs6,038 crore in the first quarter of the current financial year (April-June 2010-11).
Earning per share (EPS) was higher at Rs15.1 per share against Rs11.8 in the previous year quarter and Rs14.8 per cent in Q1 of 2010-11. Profit before depreciation, interest and taxes (PBDIT) rose 28.3 per cent to Rs10,068 crore from Rs7,845 crore in the previous year quarter. It was Rs10,064 crore in Q1 of 2010-11.
For the fiscal half-year ended 30 September 2010, RIL reported a 30 per cent increase in its net profit to Rs9,774 crore ($2.2 billion).