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Reliance Industries shares fall; revenue misses estimates

Reuters
Apr 17, 2013 at 10:45am IST

Mumbai: Reliance Industries shares fell as much as 2.4 per cent on Wednesday after its revenue growth for the January-March quarter missed analyst estimates while profits were broadly in line.

Reliance said on Tuesday that net profit for the March quarter rose 32 per cent, but revenue fell 1.4 per cent from a year earlier. The results were out after the close of markets.

Shares were down 2.4 per cent as of 9:54 am.

RIL shares fall; revenue misses estimates

Reliance said on Tuesday that net profit for the March quarter rose 32 per cent, but revenue fell 1.4 pc from a year earlier.

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