News Portal: Reliance net profit falls 13.6% at Rs 4,440 crore

Friday, January 20, 2012, 17:58:00 (IST)

NEWS FLASH
Reliance Industries, the largest Indian conglomerate, reported a 13.6 per cent fall in the net profit at Rs 4,440 crore for the December 2011 quarter. The street expected the company to report a 10.8 per cent fall in the net profit. The company's turnover rose 40 per cent at Rs 87,480 crore. It was expected to rise 35.7 per cent at Rs 81,178 crore (Rs 59,789 crore last year). While the net profit fell below the street expectation, the revenue has topped market expectation.