Zee Media Bureau
New Delhi: Reliance Industries Ltd (RIL) controlled by India's richest man, Mukesh Ambani, on Saturday reported a 13.7 percent 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 per cent higher than Rs. 5,237 crore in the same period a year ago, the company said in a filing to stock exchanges.
RIL earned USD 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 USD 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. 1,06,614 crore in April-June this year.
RIL's scrip ended the day yesterday 0.58 percent lower at Rs 976.70 on the BSE. In intra-day, it lost 1.23 per cent to Rs 970.20.
At the NSE, shares of RIL went down by 0.74 percent to Rs 975.20.
In terms of volume, 2.40 lakh shares of RIL were traded at the BSE, while over 21 lakh shares changed hands at the NSE during the day.
With Agency Inputs
