Reliance Industries: Q1FY18 Results

Reliance Industries reported its results for the quarter ended June 30, 2017 today.

The company's total sales for Q1FY18 came in at Rs 90537 crore, which represents a 2.53 per cent sequential decline and 26.71 per cent YoY increase.

Its operating profit (EBIT) for the quarter amounted to Rs. 12554 crore and its EBIT margin stood at 13.87 per cent.

The company reported PAT of Rs 9079 crore, which represents a sequential QoQ increase of ~12.7 per cent and a YoY increase of ~28 per cent.

The company's stock opened at Rs 1540 on the BSE, and touched intra-day high and low of Rs 1549.85 and Rs 1521.05, respectively.

Reliance Industries is engaged in the business of hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and telecommunication business worldwide. The company operates in four segments: refining, petrochemicals, oil and gas and organized retail.