Higher Margins Contribute to Reliance Industries’s 32 Percent Profit Increase

Reuters reported that Reliance Industries Ltd announced a quarterly profit increase of 32 percent on higher margins that offset declining oil and gas revneues.

As quoted in the market report:

Pressure on revenue will continue because of the fall in gas production, which is the main worry,” said R.K. Gupta, managing director at Taurus Asset Management, which owns Reliance shares.

To view the whole Reuters report, click here.