Reliance declares Results; Net profit down 9.8%

by Sid John    January 22, 2009

Reliance Industries has announced its third quarter results. Although the results are not good at all, they are not so bad as it was expected by many experts. The company's Q3 net profit was down 9.8% at Rs 3,501 crore versus Rs 3,882 crore.The other income of the company was up at Rs 663 crore versus Rs 241 crore. Its net sales were down 8.8% at Rs 31,563 crore versus Rs 34,590 crore.

The stock is currently priced at 1132 and was in marginal green today. We can see some impact of the results in this stock tomorrow.

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