Money Tree

After good numbers posted by tech majors Infosys, Satyam and Wipro, today Reliance Industries has posted yet another set of Q4 numbers beating street expectations. The turnover was seen at Rs. 25895 crores versus Rs. 24542 in the corresponding previous quarter. The Q4 GRM (Gross refining margins) stood at $13/bbl versus $11.30/bbl in the last quarter of the same fiscal.
The net profit was up to 2853 crores versus 2502 crores up 20.3 percent year on year basis.