RIL net profit up 16% to ₹7,398 crore
Reliance Industries on Friday reported a 16% jump in the March quarter net profit to ₹7,398 crore, highest in eight years, due to higher refining and petrochem margins. Chairman Mukesh Ambani said the downstream hydrocarbon businesses saw "outstanding achievement... notwithstanding persisting global economic uncertainty. Our refineries sustained... record levels of utilisation through the year."