Reliance Industries net profit drops 6 percent

By IANS,

Mumbai : The net profit of oil-to-petrochemicals major Reliance Industries (RIL) dropped 6.41 percent to Rs.3,852 crore (approximately $815 million) for the quarter ended Sep 30, compared to the Rs.4,116 crore it netted in the corresponding period last fiscal.


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In a regulatory statement Thursday, the company said it has registered a turnover of Rs.47,476 crore (about $10 billion), an increase of 5.88 percent from the Rs.44,839 crore it earned in the year-ago period.

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