Business

Reliance Industries second-quarter profit rises 1.7 percent

October 13, 2014 09:14 PM

Reliance Industries Ltd on Monday posted a rise of 1.7 percent in second-quarter profit, helped by strong growth in its U.S. shale business and refining margins.

Net profit was 59.72 billion rupees ($979.1 million) in July-September, up from 58.73 billion rupees a year earlier, the Mumbai-based energy conglomerate said in a statement.

Analysts on average expected the company to report standalone earnings of 56.34 billion rupees, according to Thomson Reuters I/B/E/S.

($1 = 60.9950 Indian rupees)

 
 
src:sify.com
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