Reliance Industries' Q1FY18 net profit rises by 28% to Rs 9080 crore

21 Juillet, 2017, 01:58 | Author: Marc Bacque
  • Reliance Industries Reports Record Profit of Rs 8,196 Crore in Q1 Beats Estimates

On quarterly basis, in the fourth quarter of the last fiscal the company had reported a net profit of Rs 8053 crore. The company reported a net profit of Rs 9,080 crore, a rise of 28% as against Rs 7077 crore during the same period a year ago. Its net interest margin grew to 3.54% in Q1 from 2.8% in the year ago period.

On the asset quality side, the bank reported net non-performing assets of 0.81 percent, an increase from its previous quarter figure of 0.64 percent.

The company's total sales for Q2CY17 came in at Rs 503.74 crore, which represents a 1.7 percent sequential decline and 12.37 percent YoY increase.

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The stock gained over 5.5 percent in the past one month, while its three-day gain stood at a tad over 1.5 percent.

The shares of the company ended at Rs 1528.70 per piece, down 0.31% or Rs 4.80 on BSE. It touched an intraday high of Rs 547.60 and an intraday low of Rs 534.75.

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