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Healthy margins raise RIL net 26%

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BS Reporter Mumbai
Healthy margins raise RIL net 26%
BS Reporter / Mumbai January 18, 2008
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 2007Oct-Dec 2006% Change
Net Profit 
(excluding exceptional item)
3882308126
Net Profit80793081162
Total Income348312831523
 
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,

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First Published: Jan 18 2008 | 1:25 AM IST

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