The company’s consolidated revenue came in at Rs 88,620 crore, marking a 15.7 percent rise from Rs 76,627 crore in the corresponding quarter of the previous year.
It was “decided that the new energy / renewable energy business should be undertaken through RNEL and the scheme be withdrawn,” RIL said in an exchange filing.
The refining business was the key driver of the performance for RIL in the March quarter.
Moneycontrol's Sakshi Batra does a 3-Point Analysis on Reliance Industries Q4 Results and other key announcements made by RIL
Reliance Industries (RIL) is likely to post 30.8 percent year-on-year jump in its Q4 net profit to Rs 5540 crore. Revenues will also climb 7.6 percent to Rs 91,673 crore YoY, according to CNBC-TV8 poll.
Mukesh Ambani Group's flagship company Reliance Industries's net profit fell 4.6% QoQ to Rs 4,236 crore in the quarter ended March 31, 2012 from Rs 4,440 crore in the previous quarter.
Oil & gas producer Reliance Industries is expected report a profit after tax of Rs 4,300 crore in the January-March quarter of FY12, degrowth of 3.2% as compared to Rs 4,440 crore in the previous quarter.