RIL's Q1 net dips 21 pc on falling gas output

Net profit in the first quarter, 2012-13, at Rs 4,473 crore was down from Rs 5,661 crore in the year-ago period, the company said in regulatory filing to the stock exchanges.

Profit was however higher than Rs 4,236 crore in the fourth quarter, January-March, of last fiscal. The company beat street expectations.

RIL Q1 revenue was up nearly 8 per cent at Rs 91,875 crore. Its other income almost doubled to Rs 1,904 crore.