Reliance Industries Q2 net profit rises 28 percent

New Delhi, Oct 30 (IANS) Reliance Industries Saturday reported a 28 percent rise in net profit for the second quarter ended Sep 30 at Rs.4,923 crore as against Rs.3,852 crore earned during the like period of the last fiscal.

The total income during the July-September quarter increased 22.5 percent to Rs.58,151 crore from Rs.47,476 crore during the corresponding period of the previous year, the company said in a regulatory filing.

The total expenses of the company for the quarter under review stood at Rs.51,460 crore from Rs.42,063 crore during the like period last fiscal.

At the Bombay Stock Exchange, the shares of the company were up 1.18 percent to trade at Rs.1,095.80.

©Indo-Asian News Service