RIL posts 24% rise in Oct-Dec net to Rs 5,502 cr

Reliance Industries on Friday reported a 24 per cent jump in its December quarter net profit to Rs 5,502 crore (Rs 55.02 billion).

Net profit of Rs 5,502 crore in October-December bettered Rs 4,440 crore (Rs 44.4 billion) in the same period a year ago and Rs 5,409 crore (Rs 54.09 billion)

in the previous quarter, the company in a filing to the stock exchanges.

Sales soared to Rs 93,886 crore (Rs 938.86 billion) from Rs 85,135 crore (Rs 851.35 billion) in the third quarter of 2011-12.