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Reliance Industries Q1 net profit up 4.4% at Rs 6,222 cr, highest refining margin in six years

Jul 24, 2015    

New Delhi: Reliance Industries Ltd (RIL) today reported 4.4 percent rise in the June quarter net profit as it earned the highest refining margin in six years.Consolidated net profit of Rs 6,222 crore, or Rs 21.1 a share, in April-June quarter of the current fiscal was 4.4 percent higher than Rs 5,957 crore, or Rs 20.3 per share, in the same period a year ago, the company said in a statement. Its turnover however slid 23 percent to Rs 83,064 crore.Operator of the world's largest refining complex, RIL earned $10.4 on turning every barrel of crude oil into fuel as compared to $8.7 per barrel gros...

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