RIL's Q4 profit jumps 32%

April 16, 2013 18:30

A break from the earthquake updates to tell you that Reliance Industries today posted a 32 per cent jump in its fourth quarter net profit, the biggest rise in almost three years, as strong margins in its oil refining business helped offset fall in natural gas production.

RIL, which operates the world's biggest refining complex at Jamnagar in Gujarat, reported a net profit of Rs 5,589 crore in January-March as against Rs 4,236 crore in the same period a year ago.

The better-than-estimated profit, the second consecutive quarter of increase after four quarters of decline, came on the back of rise in earnings from turning crude oil into petrol, diesel and other petroleum products.

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