Twitter
Advertisement

RIL shares dip 3% post Q3 earnings

Shares of Reliance Industries today fell by almost 3% after the company's third quarter earnings failed to cheer investors.

Latest News
article-main
FacebookTwitterWhatsappLinkedin

Shares of Reliance Industries today fell by almost 3% after the company's third quarter earnings failed to cheer investors.

After making a weak opening, shares of the company further lost 2.96% to Rs 1,045.05 on BSE. On NSE, it dipped by 2.98% to Rs 1,044.15. Reliance Industries yesterday reported a 3.6% rise in its third quarter net profit after a dip in refinery margins which was offset by robust petrochemical earnings. 

Consolidated net profit of Rs 7,506 crore, or Rs 25.4 a share, in October-December, was 3.6% higher than Rs 7,245 crore, or Rs 24.5 per share, in the same period a year back, the company said in a statement. 

RIL, which owns the world's largest refining complex, earned USD 10.8 on turning every barrel of crude oil into fuel as compared to a gross refining margin (GRM) of USD 11.5 in third quarter of 2015-16 fiscal.

Turnover was up 16.1% at Rs 84,189 crore. Standalone profit for the December quarter was up 10% at Rs 8,022 crore. 

Find your daily dose of news & explainers in your WhatsApp. Stay updated, Stay informed-  Follow DNA on WhatsApp.
Advertisement

Live tv

Advertisement
Advertisement