Standalone net profit in the corresponding quarter was Rs 5,649 crore
Reliance Industries on Friday posted a 11.8 per cent jump in standalone net profit at Rs 6,318 crore.
Mumbai: Reliance Industries on Friday posted a 11.8 per cent jump in standalone net profit at Rs 6,318 crore, which was highest in seven-and-a-half years on strong refining and petrochemical margins.
Standalone net profit in the corresponding quarter was Rs 5,649 crore. Revenue fell 26 per cent to Rs 77,130 crore, hurt by a sharp fall in prices of crude oil and petroleum products.
RIL earned $10.4 on turning every barrel of crude into petroleum product — the highest gross refining margin in six years.
( Source : deccan chronicle )
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