23 Oct, 2008, 1650 hrs IST, Economictimes.com and Agencies
MUMBAI: Reliance Industries posted 7.42 per cent rise in net profit of Rs 4122 crore for the quarter ended September 30, 2008 as compared to Rs 3837 crore in the same quarter previous year.
Total income increased to Rs 44,938 crore in the September quarter from Rs 32,211 crore a year ago.
Analysts had forecast a net profit of Rs 3920 crore. Net revenue at the company, India's most valuable with a market value of $45 billion, grew to Rs 4479 crore from Rs 3204 crore.
Reliance's refining margins for the quarter were $13.4 a barrel television news channels reported, well above the benchmark Asian Dubai crack margin, which averaged about $5.8 a barrel in the period.
On Thursday, Shares of Reliance Industries slumped 7.62 per cent to close at Rs 1215.25 in a weak market.
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