Reliance Industries Q1 net at Rs 4,110 crore

by Dave

rediff.com

Reliance Industries Ltd [Get Quote] on Thursday recorded 13 per cent rise in net profit at Rs 4,110 crore (Rs 41.10 billion) in the first quarter of the current fiscal as against the corresponding quarter of the previous fiscal.

Reliance Industries’ turnover increased 38 per cent to Rs 43,050 crore (Rs 430.50 billion) for the quarter ended June 30, from Rs 31,290 crore (Rs 312.90 billion) in the same quarter last fiscal.

“We will play a major role in India’s energy security as we are focusing to be among the top leaders in the world in the oil and gas sphere. We are confident that the new growth drivers oil and gas, organised retailing and agro-retail will take Reliance to a higher growth trajectory in the medium term,” Ambani added.

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