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Business Economy


RIL net profit up by 4.13 pc in Q3

New Delhi, Jan 16 (UNI) Reliance Industries today reported a 4.13 per cent rise in standalone net profit to Rs 8,022 crore for the quarter ended December 31, 2016.
According to the result announced by the largest private sector player in terms of profit had reported a net profit of Rs 7,704 crore for the September quarter.
The standalone income from operations for the quarter stood at Rs 66,606 crore, up 3.5 per cent over Rs 64,344 crore in the September quarter.
Commenting on the results, Mukesh D Ambani, Chairman and Managing Director, Reliance Industries Ltd said, "Our robust integrated platform, sound operational processes and business portfolio aligned to the needs of emerging India enabled us to deliver another record performance in challenging market conditions. The refining business has delivered eight consecutive quarters of double-digit GRMs, benefiting from the global demand for transportation fuels and improved product cracks."
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