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Reliance Industries (RIL) today reported a 13.7% rise in first quarter consolidated net profit on the back of higher refining margin.
Consolidated net profit in April-June quarter at Rs 5,957 crore was 13.7% higher than Rs 5,237 crore in the same period a year ago, the company said in a filing to stock exchanges.
RIL, operator of the world's largest single location refinery complex, earned $8.7 for turning every barrel of crude oil into fuel in the first quarter of this financial year as compared to a gross refining margin of $6.7 a barrel a year ago.
The total income increased from Rs 99,895 crore for the quarter ended June 30, 2013 to Rs 106,614 crore in April-June this year.
