New Delhi: Reliance Industries today reported a 12.3 per cent rise in its March quarter net profit on the back of higher refining and petrochemical margins.
Consolidated net profit in January-March quarter at Rs 8,046 crore, or Rs 27.3 per share, was 12.3 per cent higher than Rs 7,167 crore net profit in the same period a year ago, the company said in a statement.
For the full 2016-17 fiscal, the company generated its highest ever annual profit at Rs 29,901 crore. The annual profit was 18.8 per cent higher than the previous year’s.
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Reliance earned USD 11.5 on turning every barrel of crude oil into fuel in the fourth quarter as compared to a gross refining margin of USD 10.8 per barrel in the same period a year before.
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