RELIANCE INDS Q4FY18 – IN LINE WITH STREET EXPECTATIONS

By Premium Research Bureau

Reliance Industries posted Q4FY18 which were very much in line with the Street expectations. Consolidate net profit remained almost status quo on a sequential basis and YoY, it rose 17% at Rs.9435 crore. Mukesh Ambani said, “FY2017-18 was a landmark year for Reliance where we established several records on both operating and financial parameters. Reliance has become the first Indian company to record PBDIT of over US$ 10 billion with each of our key businesses - Refining, Petrochemicals, Retail and Digital Services achieving record earnings performance."