Business

Reliance Industries' Q4 net drops 39 pc at Rs 6,348 cr

Reliance Industries on Thursday reported a 38.7 per cent drop in fourth quarter net profit at Rs 6,348 crore on weak energy and petrochemical business.

migrator

Updated:30th Apr, 2020 at 6:58 PM

New Delhi

The company had posted a net profit of Rs 10,362 crore in January-March 2019.

Reliance announced a rights issue of Rs 53,125 crore, which it said was the biggest in India. The ratio would be 1:15 at a price of Rs 1,257.

Visit news.dtnext.in to explore our interactive epaper!

Download the DT Next app for more exciting features!

Click here for Android