Net revenue at Reliance Industries may cross Rs.1 trillion in September quarter

14-Oct-13
Reliance Industries Ltd (RIL) is expected to report quarterly revenue of Rs. 1 trillion for the first time as it benefited from a weaker rupee, earned higher margins across its petrochemical product chain, and refined a higher volume of crude oil in the three months ended 30 September. The conglomerate is expected to post net revenue of Rs.1.01 trillion, up 12% year-on-year, and net profit of Rs.5,407.2 crore, an increase of 0.6%, according to analyst earnings estimates compiled by Bloomberg. RIL will announce earnings for the July-September quarter on Monday.
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