Reliance Industries fourth quarter result at FinGad.com

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Reliance Industries fourth quarter result

Categorie: Emerging Markets
Submitted 7 months ago by

Vipinlara

Riding on higher gross refining margins (GRM) of $15.5 per barrel and some assistance from non-operational income, Reliance Industries (RIL) has reported a 24% increase in its fourth-quarter (January-March 2008) net profit to Rs 3,912 crore ($975 million), excluding exceptional items. In terms of statistic, this was on a turnover of Rs 38,697 crore, an increase of 32% over the corresponding quarter last fiscal. The operating margin (excluding other and exceptional income) during the fourth quarter declined by nearly 270 basis points to 16.1% of net sales against 18.8% compared to the corresponding period last year. For the entire year, RIL’s net prof... More...

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