Analysts had forecast Q2 net profit at Rs 39.2 bln for India's Reliance Industries Ltd. By recording a 7.4% increase in Q2 profilts, the company has surpassed all market forecasts. This surge in net profits to Rs 41.22 bln has been aided by stronger than expected refining margins. Last fiscal, the company had recorded net profits of Rs 38.37 bln for the second quarter ended Sept. 30. Net revenue grew to Rs 447.9 bln from Rs 320.4 bln.
24-Oct-08 
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