Monday, 25 May 2020

RIL Q4 profit up 8.5 per cent

Updated: May 9, 2015 2:40 pm

Reliance Industries reported 8.5 per cent rise in the March quarter net profit to Rs. 6,381 crore on back of higher refining margins. Consolidated net profit of Rs. 6,381 crore in January-March is as against Rs. 5,881 crore in the same period a year ago, the company said in a statement. The company announced a dividend of Rs. 10 per share. RIL Chairman and Managing Director Mukesh D Ambani said, “In a time when the collapse of crude oil prices unsettled the hydrocarbons markets, our refining business delivered record earnings. The earnings power demonstrated by our hydrocarbon businesses in this environment validates our philosophy of investing in world-scale, cost competitive assets, cutting-edge technology and the talent of people.”

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