Reliance Industries petchems profits up 7.5% in fiscal first quarter

19 July 2013 14:07  [Source: ICIS news]

LONDON (ICIS)--Petrochemicals profits for India’s Reliance Industries climbed 7.5% in the most recent quarter to Indian rupees (Rs)18.88bn ($316.9m), the company said in a report posted on the Bombay Stock Exchange on Friday.

Petrochemicals sales for the quarter, ended 30 June 2013, were down marginally at Rs219.50bn from Rs218.39bn in the April to June quarter of 2012.

The latest reporting period was the first quarter of Reliance’s current financial year.

Capital employed in petrochemicals was Rs394.76bn compared with Rs332.63bn in the equivalent quarter in 2012.

Reliance Industries said that its net profit for the fiscal first quarter was up 18.9% year on year at Rs53.52bn. First quarter revenues were down 4.6% at Rs876.45bn.

Refining segment profits in the first quarter were up 38.5% at Rs29.51bn on revenues down 4.6% at Rs814.58bn.

($1 = Rs59.58)

By: Nigel Davis
+44 20 8652 3214

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