Reliance Industries said its profit during first quarter ended June 30, 2003 had increased by 28.5 per cent to touch Rs 1,180 crore (Rs 11.80 billion). The company's Q1 profit stood at Rs 918 crore (Rs 9.18 billion) last year.
The company had posted a net profit of Rs 1,104 crore (Rs 11.04 billion) in the last quarter.
The company's better-than-expected results have seen its shares rise over 3 per cent to Rs 359.40.
Analysts