RIL Q3 net profit up 3.6% to Rs 7,506 crore, GRM rises to $10.8/bbl

Net profit rose to Rs 80.22 bn for 3 months to Dec 31 from Rs 72.96 bn reported a year earlier

Reliance Industries Monday reported a 3.6 per cent rise in its third quarter net profit after petrochemical margins made good a drop in its core refinery profits.

Net profit of Rs 7,506 crore, or Rs 25.4 a share, in October-December, was 3.6 per cent higher than Rs 7,245 crore, or Rs 24.5 per share, in the same period a year back, the company said in a statement.

RIL, the owner of world's largest refining complex, earned $10.8 on turning every barrel of crude oil into fuel as compared to a gross refining margin (GRM) of $11.5 in third quarter of