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Reliance Industries Ltd. posts record Rs 6,720 crore net in Q2FY16
Posted on: 17-10-2015 , 10:04:AM | DY365 Bureau

 Oct 17, 2015- Boosted by record high refining margins, Reliance Industries’ second quarter (Q2FY16) consolidated profit rose by 12.5 percent touching a record Rs 6720 crore. According to the company, its refineries earned $10.6 per barrel of crude oil processed, the highest in seven years. 

Meanwhile, Reliance Retail achieved an Rs 5,000-crore quarterly turnover mark for the first time, reflecting continuing growth momentum in physical retailing. Retail's gross profit during Q2FY16 increased from Rs 186 crore to Rs 210 crore. RIL's employee costs increased 13.4 percent to Rs 1,786 crore due to increased staff base in its subsidiaries.

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