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Reliance reports rise in quarterly profits

8:54 AM MDT | October 14, 2013 | Deepti Ramesh

Reliance Industries says net profits for its fiscal second quarter, ended 30 September, increased 1.5% compared with the same period of the previous year, to about 54.9 billion Indian rupees ($894 million). Second-quarter sales increased 14.2%, to Rs1.06 trillion. Reliance’s petrochemicals business recorded a 12.8% rise in second-quarter sales compared with the year-ago period, to Rs248.9 billion, with Ebit up 43.9%, to Rs25.04 billion. For the first half of the fiscal year, ended 30 September, the petrochemicals business recorded a 6.7% rise in sales...

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