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.

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