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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.
![Reliance Industries Q4 net drops 39 pc at Rs 6,348 cr Reliance Industries Q4 net drops 39 pc at Rs 6,348 cr](https://dtnext-prod.s3.ap-south-1.amazonaws.com/imported/import/Articles/2020/Apr/202004301858211350_Reliance-Industries-Q4-net-drops-39-pc-at-Rs-6348-cr_SECVPF.gif)
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.
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