Meanwhile, the S&P BSE Sensex was down 398.08 points, or 1.14% to 34,381.50
On the BSE, 10.89 lakh shares were traded in the counter so far compared with average daily volumes of 8.53 lakh shares in the past two weeks. The stock had hit a high of Rs 1,105.10 and a low of Rs 1,073.15 so far during the day.
Reliance Industries' (RIL) consolidated net profit rose 17.93% to Rs 9549 crore on 54.11% rise in total income to Rs 144574 crore in Q2 September 2018 over Q2 September 2017.
Operating profit before other income and depreciation increased by 35.6% to Rs 21108 crore in Q2 September 2018 over Q2 September 2017. Record operating performance was led by significant volume growth and margin improvement in petrochemicals business and multi-fold growth in contribution from Retail and Digital Services businesses.
Commenting on the results, Mukesh D. Ambani, Chairman and Managing Director, RIL said that the company's integrated refining and petrochemicals business generated strong cash flows in a period of heightened volatility in commodity and currency markets.
Reliance Industries (RIL) announced the strategic investments of primary investment of Rs 2045 crore through a preferential issue and secondary purchase of Rs 245 crore from the existing promoters for a 66% stake in Den Networks and primary investment of Rs 2940 crore through a preferential issue for a 51.3% stake in Hathway Cable and Datacom. These investments and partnerships will create a win-win outcome for the Local Cable Operators (LCOs), Consumers, Content providers and overall eco-system, RIL said.
RIL is India's largest private sector company. RIL's activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.
Reliance Industries Ltd Falls 5.88%, S&P BSE Energy index Drops 3.83%
19 - Oct - 2018 12:00 AM | 4 days ago
Reliance Industries Ltd lost 5.88% today to trade at Rs 1081.4. The S&P BSE Energy index is down 3.83% to quote at 4103.27. The index is down 10.37 % over last one month. Among the other constituents of the index, Goa Carbon Ltd decreased 3.46% and Aban Offshore Ltd lost 2.86% on the day. The S&P BSE Energy index went down 1.79 % over last one year compared to the 6.19% surge in benchmark SENSEX.
Reliance Industries Ltd has lost 10.65% over last one month compared to 10.37% fall in S&P BSE Energy index and 7.35% drop in the SENSEX. On the BSE, 2.57 lakh shares were traded in the counter so far compared with average daily volumes of 6.83 lakh shares in the past one month. The stock hit a record high of Rs 1328.75 on 29 Aug 2018. The stock hit a 52-week low of Rs 861.7 on 18 Dec 2017.
Reliance Industries standalone net profit rises 7.19% in the September 2018 quarter
19 - Oct - 2018 12:00 AM | 4 days ago
Net profit of Reliance Industries rose 7.19% to Rs 8859.00 crore in the quarter ended September 2018 as against Rs 8265.00 crore during the previous quarter ended September 2017. Sales rose 40.32% to Rs 96167.00 crore in the quarter ended September 2018 as against Rs 68532.00 crore during the previous quarter ended September 2017.
Reliance Industries consolidated net profit rises 17.93% in the September 2018 quarter
19 - Oct - 2018 12:00 AM | 4 days ago
Net profit of Reliance Industries rose 17.93% to Rs 9549.00 crore in the quarter ended September 2018 as against Rs 8097.00 crore during the previous quarter ended September 2017. Sales rose 56.67% to Rs 143323.00 crore in the quarter ended September 2018 as against Rs 91481.00 crore during the previous quarter ended September 2017.
