IndiaInsurance
24th April 2009, 06:17 AM
Reliance Industries (RIL), India s largest private company by market capitalisation, on Thursday reported a 9.4% drop in its quarterly net profit, on falling fuel demand and thinning crude processing margins. The company s net profit for Q4 of FY09 stood at Rs 3,546 crore, compared to Rs 3,912 crore in Q4 of 2007-08 . The profits were aided by a one-time gain of Rs 993 crore in the quarter from interest on cash balance and an insurance claim of Rs 60 crore. Reliance made a one-time provision of Rs 370 crore towards estimated claims on subsidiaries, it said, without elaborating. Before ...
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More... (http://in.biz.yahoo.com/090423/50/bathcr.html)