RIL reported its highest quarterly net profit in over eight years as fall in oil prices boosted refining and petrochem margins.
Reliance Industries Limited on Friday reported its highest quarterly net profit in over eight years as fall in oil prices boosted refining and petrochem margins. This helped the company post a 16 per cent jump in earnings for the three-month period ended March 31.
Consolidated net profit in January-March at Rs 7,398 crore or Rs 25.1 a share was 15.9 per cent higher than Rs 6,381 crore or Rs 21.7 per share profit a year ago.
The standalone net profit was 17.25 per cent higher at Rs 7,320 crore. This is the highest quarterly net profit for RIL since it clocked Rs 8,079 crore net profit in the third quarter of 2007-08.
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