India Finance News

RIL posts 13.5% YoY jump in Q3 net profit; GRM stands at $9.2/bbl

Reliance Industries (RIL) on Friday posted highest-ever quarterly net profit of Rs 11,640 crore, up 13.5 per cent year-on-year (YoY) for the quarter ended December 31, 2019. Revenue decreased by 1.4 per cent YoY to Rs 168,858 crore.

Earnings per share (EPS) stood at Rs 18.4, up 6.1 per cent YoY.

Gross Refining Margin (GRM) during the period stood at $9.2/bbl.

Source: Business Standard

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