RIL Q4 profit rises 8.5% to Rs 6,381 crore

New Delhi, April 17 

Consolidated net profit in the January-March quarter at Rs 6,381 crore, or Rs 21.7 a share, was 8.5% higher than Rs 5,881 crore, or Rs 20 per share, profit a year ago.

Standalone net profit was up 10.8% at Rs 6,243 crore.

This is the highest quarterly net profit for RIL since it clocked Rs 8,079 crore profit in the third quarter of 2007-08.

RIL earned $10.1 for turning every barrel of crude oil into fuel in the fourth quarter of 2014-15, as compared to a gross refining margin of $9.3 per barrel a year ago.

“FY 2014-15 has been a very successful and important year for Reliance. In a time when the collapse of crude oil prices unsettled the hydrocarbons markets, our refining business delivered record earnings,” said RIL CMD Mukesh D Ambani.

“Our organised retail business maintained its high growth trajectory with a wider pan-India footprint,” he said.

The turnover fell by 33.3% to Rs 70,863 crore due to nearly halving of international oil prices. Exports also declined by 44% to Rs 37,480 crore.

Debt rose to Rs 160,860 crore from Rs 150,007 crore as on December 31, 2014. Cash balance also rose to Rs 84,472 crore as on March 31 as compared to Rs 78,691 crore as on December 31. —  PTI