RIL shares rise on better earnings

Tags: News
Shares in Reliance Industries Ltd rise, after its June-quarter earnings beat estimates.

The energy conglomerate on Saturday posted a net profit of 59.57 billion rupees ($988 million) in the quarter ended June, rising from 52.37 billion rupees a year earlier. Revenue rose 7.2 percent to 1.08 trillion rupees.

Analysts on average expected it to post a profit of 56.14 billion rupees, according to Thomson Reuters data.

RIL was trading up 2.7 percent to 1003.05 rupees as of 9:33 a.m.

EDITORIAL OF THE DAY

  • The government needs to explain the `67,382 crore IDS declarations

    The authenticity of disclosures made by individuals and companies under the much-publicised Income Disclosure Scheme (IDS) has come under scrutiny.

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Sandeep Bamzai

<b>Disequilibrium:</b> The Looking glass war

In the looking glass war, where bitter adversaries - Ratan ...

Ananda Majumdar

<b>Ruminations:</b> How JP can wake up Cong

The Congress party has clearly missed a trick with its ...

Kuruvilla Pandikattu

Let go of ‘if onlys’, live in the moment

The prospect of facing certain death and reflecting on it ...