Reliance Industries Q2 net profit up 0.3% to Rs 9,516 crore QoQ


Reliance Industries Q2 net profit up 0.3% to Rs 9,516 crore QoQ

India’s biggest company, Reliance Industries Ltd (RIL), has reported 0.3 percent rise in quarterly profit.

Reliance, controlled by India’s richest man, Mukesh Ambani, said its second-quarter profit for the quarter ended September 30 was Rs 9,516 crore.

CNBC-TV18 poll had predicted net profit of Rs 9,710 crore for the quarter under review.

Gross refining margin, or profit earned on each barrel of crude processed — a vital profitability measure for a refiner — was $10.1 per barrel for the quarter. Read more

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