The company's turnover dipped to Rs 64,990 crore (Rs 649.90 billion) from Rs 76,615 crore (Rs 766.15 billion) on drop in oil prices.
Reliance Industries Ltd on Friday reported 18.1 per cent jump in June quarter net profit, as it earned the highest refining margin in eight years.
Consolidated net profit of Rs 7,113 crore (Rs 71.13 billion), or Rs 24.1 a share, in April-June quarter of the current fiscal was 18.1 per cent higher than Rs 6,024 crore (Rs 60.24 billion), or Rs 20.5 per share, in the same period a year ago, the company said in a statement.
Its turnover however dipped to Rs 64,990 crore (Rs 649.90 billion) from Rs 76,615 crore (Rs 766.15 billion) on drop in oil prices.
Operator of the world's largest refining complex, RIL earned $11.5 on turning every barrel of crude oil into fuel compared with $10.4 gross refining margin (GRM) in the first quarter of the last fiscal.
The GRM in April-June period was highest in eight years.
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