On 17th April 2015, Reliance Industries came out with strong quarterly results.
The company's consolidated net profit rose to a seven-year high of Rs 6,381 crore against a net profit of Rs 5921 crore in the previous quarter.
Q4 GRMs grew at $10.1 per barrel vs $7.3 per barrel.
Outstanding debt as on March 2015 was Rs 1.6 lakh crore compared to Rs 1.38 lakh crore at the end of previous financial year.
Cash and cash equivalents were at Rs 84,472 crore as of March 2015.
Dividend of 10 Rs per share was declared.
However, RIL share price opened little higher today (20th April) @ 937 INR. At the time of writing the article, it was trading at -0.41% lower at 922 INR.
One needs to note that if one sees the price band of 850-920 INR, while the sensex has zoomed, reliance hasn't delivered the returns that the investors were hoping from it.
Will Mukesh Ambani be able to redeem the faith that many investors have on him?
Only time will tell.
The company's consolidated net profit rose to a seven-year high of Rs 6,381 crore against a net profit of Rs 5921 crore in the previous quarter.
Q4 GRMs grew at $10.1 per barrel vs $7.3 per barrel.
Outstanding debt as on March 2015 was Rs 1.6 lakh crore compared to Rs 1.38 lakh crore at the end of previous financial year.
Cash and cash equivalents were at Rs 84,472 crore as of March 2015.
Dividend of 10 Rs per share was declared.
However, RIL share price opened little higher today (20th April) @ 937 INR. At the time of writing the article, it was trading at -0.41% lower at 922 INR.
One needs to note that if one sees the price band of 850-920 INR, while the sensex has zoomed, reliance hasn't delivered the returns that the investors were hoping from it.
Will Mukesh Ambani be able to redeem the faith that many investors have on him?
Only time will tell.
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