Healthy margins raise RIL net 26%

Healthy refining margins saw India's largest private sector company Reliance Industries (RIL) posting a 26 per cent increase in its net profit for the quarter ended December 2007 over the corresponding previous quarter.

The company earned $15.4 a barrel from processing oil during the quarter compared with $11.7 in the corresponding previous quarter.

However, net profit grew 162 per cent to Rs 8,079 crore over the corresponding previous quarter on the back of a one-time gain of Rs 4,733 crore from the sale of a stake in its subsidiary Reliance Petroleum Ltd (RPL). 
 

RIL IN NUMBERS
(In Rs Cr)	Oct-Dec 2007	Oct-Dec 2006	% Change
Net Profit  (excluding exceptional item)	3882	3081	26
Net Profit	8079	3081	162
Total Income	34831	28315	23

The company gets the bulk of its revenue from crude oil refining and petrochemicals, but also has a presence in retail and textiles.

"I am happy to report that Reliance continues to surpass previous records in financial performance,