26 Apr 07 Reliance Industries (RIL) results – Stock hits a new year high

Reliance Industries (RIL) was up 1.4% to Rs. 1623.50 at the opening bell. Reliance Industries (RIL) hit a high of Rs 1624.80, which is a newÃ‚Â all time high for Reliance Industries (RIL). Reliance Industries (RIL) extended gains ahead of its widely expected Q4 results which came later in the day.

Net profit of Reliance Industries (RIL) was up 14.03% to Rs. 2853 crores in theÃ‚Â Q4 2007 quarter ended March 2007 compared to Rs. 2502 crores during the same quarter in the previous year (ie) quarter ended March 2006. Sales of Reliance Industries (RIL) was up 5.5% to Rs 25895 crores in the Q4 2007 quarter ended March 2007 as against Rs 24542.00 croreduring the same quarter in the previous year (ie) quarter ended March 2006.

For the financial year ended march 2007, net profit of Reliance Industries (RIL) was up 20.28% to Rs. 10908 crores in the full year ended March 2007 compared to Rs. 9069 crores during the previous financial year ended March 2006. Sales of Reliance Industries (RIL) rose 29.74% to Rs. 105363 crores in the full year ended March 2007 as against Rs. 81211 crores during the previous financialÃ‚Â year ended March 2006.

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