Reliance Q2FY10 Result Update

Research report by 'Ventura Securities Ltd'
     
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Reliance Industries (RIL) total income rose 4.6% to Rs 46,848 crore while its net profit declined 6.4% to 3,852 crore over the same period of last year due to substantially lower refining margins (6%) and higher than expected depreciation and tax rates. This was despite RIL posting its highest ever EBITDA at Rs 7,217 Crore, up 11% yoy (revenues from gas production from its K-G field which help to offset the lower refining margins).


   
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