Petchem, refining push RIL's net profit up 3.6%

Company expects Ebitda to increase in FY18 due to project completion

Mukesh Ambani-led Reliance Industries Ltd reported a 3.6% rise in its net profit in the October-December 2016 quarter on better margins in the refining and petrochemical businesses and higher other income.

The company reported a consolidated net profit of Rs 7,506 crore against Rs 7,245 crore in the same period a year ago. In the quarter July-September 2016, the company reported a 23% drop in net profit at Rs 7,206 crore on account of the high base because of exceptional income in the previous year.

The consolidated turnover for the same period was Rs 84,189 crore, 16.1% higher than the Rs 72,513