Mukesh Ambani group flagship company Reliance Industries’ net profit grew 0.4 percent sequentially (0.2 percent on yearly basis) to Rs 5,511 crore in the quarter ended December 2013, largely aided by other income.
Also Read: RIL Q3 net up 0.4% to Rs 5,511 cr, GRM stands at $ 7.6/bbl
RIL’s oil & gas EBIT stood at Rs 540 crore against Rs 356 crore (QoQ). Energy expert Narendra Taneja speaks on the company’s performance in that segment.
Below is the edited transcript of Narendra Taneja interview on CNBC-TV 18
Q: Are you surprised by the oil and gas performance? We haven’t even seen the gas price hike tick in and they have delivered Rs 500 crore of EBIT on that segment?
A: I am a little surprised but at the same time it is actually along the expected lines. As I have been saying on your channel and also my observations, if you see for instance a lot of the info, which is not in the public domain but at the same time work, is going on the ground or rather – deep water. So, it is more or less along the expected lines and along the way we are going to see quite a few surprises.
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