Reliance Industries Ltd on Friday posted a slightly better-than-expected 11.8 per cent rise in quarterly profit, helped by strong growth in margins at its core refining and petrochemicals businesses.
Reliance said its consolidated net profit rose to Rs. 6,222 crore in April-June quarter as against Rs. 5,957 crore a year ago.
The Q1 sales was at Rs. 77,130 crore as against Rs. 6,381 crore YoY.
Operator of the world’s largest refining complex, RIL earned USD 10.4 on turning every barrel of crude oil into fuel as compared to USD 8.7 per barrel gross refining margin in the first quarter of the last fiscal.
The GRM in the April-June quarter was highest in six years and topped USD 10.1 per barrel margin in January-March.
