News Business Reliance Industries June qtr Net jumps 19% to Rs 5,352 cr

Reliance Industries June qtr Net jumps 19% to Rs 5,352 cr

New Delhi, July 19: Reliance Industries Friday reported a 19 percent jump in its April-June quarter net profit at Rs 5,352 crore on back of higher refining margins.Net profit in the first quarter of 2013-14

reliance industries june qtr net jumps 19 to rs 5 352 cr reliance industries june qtr net jumps 19 to rs 5 352 cr
New Delhi, July 19: Reliance Industries Friday reported a 19 percent jump in its April-June quarter net profit at Rs 5,352 crore on back of higher refining margins.



Net profit in the first quarter of 2013-14 at Rs 5,352 crore was 18.9 percent higher than profit of Rs 4,503 crore in the same period a year ago, RIL said in a statement.

Revenue fell 4.6 percent to Rs 90,589 crore on back of lower output from RIL's flagship KG-D6 gas fields.

RIL earned USD 8.4 on turning every barrel of crude oil into fuel in the quarter as compared to USD 7.6 per barrel gross refining margin in the year-ago period.

KG-D6 gas production fell 53 percent to 49.2 billion cubic feet in Q1.

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