RIL Q3 net up 24% on improved margins
For the nine-month period of the current fiscal, RIL announced a net profit of Rs 15,414 crore which was lower than Rs 15,804 crore registered in the same period last year. The company however recorded a revenue of Rs 2,84,500 crore in the 9-month period which is up 12.9 per cent over that in the previous year.
The company has also witnessed a rise in its cash and cash equivalents which amounted to Rs 80,962 crore as on December 2012. While net capital expenditure towards projects for the nine- month period stood at Rs 13,396 crore the cash outflow on that account stood at Rs 7,423 crore. The company also witnessed a 14.6 per cent rise in its exports for the April-December period at Rs 179,581 crore.
The companyís GRM has been on a steady rise over the last few quarters. While it stood at $7.6/ bbl in June 2012 rose to $9.5/ bbl in September and rose further to $9.6/ bbl in the quarter ended December 2012.
ďRILís performance has improved in this quarter with
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