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RIL consolidated profit in June quarter up 12 per cent sequentially

RIL consolidated profit in June quarter up 12 per cent sequentially

| | 20 Jul 2017, 07:06 pm
Mumbai, Jul 20 (IBNS): Reliance Industries Limited (RIL) reported its financial performance for the quarter ended June 30, 2017 on Thursday.

According to media reports, the company beat analysts' estimates to post consolidated profit of Rs 9,079 crore, up 12.7 percent sequentially, partly driven by one-time gain of Rs 1,087 crore.

The company reported record quarterly standalone net profit of Rs 8,196 crore, up 8.6%.

Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries Limited said, "Our industry leading portfolio of assets in the refining and
petrochemicals business contributed to considerable improvement in our earnings for the quarter."


Image: Dhanraj Nathwani Twitter

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