 "RIL Q4 consolidated net rises 12% to Rs 8,046 cr; GRM improves to $11.5")
Reliance Industries today reported a 12.3% 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% higher than Rs 7,167 crore net profit in the same period a year ago, the company said in a statement. The company reported 13% increased in standalone net profit at Rs 8,151 cr for the quarter ended March 2017. It was Rs 7,227 crore in the same period a year ago.
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% 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.
On Monday, the stock on BSE closed 1.2% higher at Rs 1,416.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%