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Reliance Results

A look at how the ever-stable Reliance Industries Ltd has done, lately.

Reliance Industries Ltd (RIL), India's largest private sector company, has performed with the consistency its shareholders have grown accustomed to.

In the first half of financial year 2003-04, the six months ended 30, September 2003, RIL logged a gross turnover of Rs 35,202 crore. This is up 11 per cent over the previous year's figure (first half, 2002-03).

True to its reputation, profits were up even more. RIL recorded a net profit of Rs 2,367 crore in the first half of 2003-04, up 23 per cent over the previous year's number. And even this, the company adds, was only because of some extraordinary items -- without which the net would have been a good 29 per cent.

 

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