Reliance Industries shares gain after Q2 profit beats estimateshttps://indianexpress.com/article/business/business-others/reliance-industries-shares-gain-after-q2-profit-beats-estimates/

Reliance Industries shares gain after Q2 profit beats estimates

RIL on Monday reported a 1.5 per cent increase in September quarter profit.

Shares in India’s Reliance Industries (RIL) rose 3.1 percent in pre-open trading on Tuesday after its July-September operating profit beat some analysts’ estimates due to better-than-expected margins in its petrochemical business.

Reliance Industries said late on Monday operating profit in the previous quarter rose by 11 percent on a sequential basis to 78.49 billion rupees ($1.28 billion).

Reliance,which operates the world’s biggest oil refining complex in western India,met analysts estimates with a 1.5 percent rise in net profit to 54.9 billion rupees.

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