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Reliance Industries shares gain on better earnings

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Reuters MUMBAI
Last Updated : Oct 14 2014 | 9:55 AM IST

MUMBAI (Reuters) - Shares in Reliance Industries Ltd gained 2.2 percent on Tuesday after its July-September quarter earnings beat analysts' expectations.

The energy conglomerate reported a net profit of 59.72 billion rupees ($979 million) in the period, up from 58.73 billion rupees a year earlier. (For full story, click https://bsmedia.business-standard.comin.reuters.com/article/2014/10/13/reliance-indu-results-idINKCN0I213T20141013)

Analysts on average expected the company to report standalone earnings of 56.34 billion rupees, according to Thomson Reuters I/B/E/S.

(Reporting by Indulal PM; Editing by Gopakumar Warrier)

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First Published: Oct 14 2014 | 9:48 AM IST

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