Reliance Industries Ltd (RIL) today reported 18.1 per cent jump in June quarter net profit, as it earned the highest refining margin in eight years.
Consolidated net profit of Rs 7,113 crore, or Rs 24.1 a share, in April-June quarter of the current fiscal was 18.1 per cent higher than Rs 6,024 crore, or Rs 20.5 per share, in the same period a year ago, the company said in a statement.
Its turnover however dipped to Rs 64,990 crore from Rs 76,615 crore on drop in oil prices.
Operator of the world's largest refining complex, RIL earned USD 11.5 on turning every barrel of crude oil into fuel compared with USD 10.4 gross refining margin (GRM) in the first quarter of the last fiscal.
The GRM in April-June period was highest in eight years.
