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Last Updated Sunday September 24 2017 02:02 PM IST

RIL Q4 profit expands 12.3 pc on higher refining margins

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Reliance Industries Reliance Industries

New Delhi: Reliance Industries Monday reported a 12.3 percent 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 percent 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 percent higher than the previous year's.

Reliance earned $11.5 on turning every barrel of crude oil into fuel in the fourth quarter as compared to a gross refining margin of $10.8 per barrel in the same period a year before.

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