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Indian-Commodity  :  Equity & Shares  :  RIL soars on reporting 28% rise in Q1 consolidated net profit

RIL soars on reporting 28% rise in Q1 consolidated net profit (21-Jul-2017)

Reliance Industries (RIL) is currently trading at Rs. 1578.05, up by 49.35 points or 3.23% from its previous closing of Rs. 1528.70 on the BSE.

The scrip opened at Rs. 1554.00 and has touched a high and low of Rs. 1587.70 and Rs. 1544.40 respectively. So far 460707 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1587.70 on 21-Jul-2017 and a 52 week low of Rs. 932.00 on 09-Nov-2016.

Last one week high and low of the scrip stood at Rs. 1587.70 and Rs. 1512.00 respectively. The current market cap of the company is Rs. 512148.62 crore.

The promoters holding in the company stood at 46.32%, while institutions and non-institutions held 34.57% and 19.12% respectively.

RIL has reported 8.59% rise in its net profit at Rs 8,196 crore for the quarter under review as compared to Rs 7,548 crore for the same quarter in the previous year. The total income of the company increased by 17.60% at Rs 72,352 crore for Q1FY18 as compared Rs 61,526 crore for the corresponding quarter previous year.

On consolidate basis, the company has reported 28.29% rise in its net profit at Rs 9,079 crore for the quarter ended June 30, 2017 as compared to Rs 7,077 crore for the corresponding quarter in the FY17. Total consolidated income of the company increased by 25.51% at Rs 92,661 crore for quarter under review as compared to Rs 73,829 crore for the same quarter in the previous year.


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