Reliance Industries has reported a 38.7 per cent increase in net profit at Rs 1752 crore (Rs 17.52 billion) for the quarter ended September 30, 2004 as compared to Rs 1263 crore (Rs 12.63 billion) for the quarter ended September 30, 2003.
According to a release issued to the Bombay Stock Exchange on Monday, total income (net of excise) has increased from Rs 12944 crore (Rs 129.44 billion) in the SQ-03 to Rs 16460 crore (Rs 164.6 billion) in the quarter ended September 30, 2004.