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Reliance Industries Q1 profit rises 9% to Rs8,196 crore

LiveMint logoLiveMint 20-07-2017 Samantha Kareen Nair

Bengaluru: Reliance Industries Ltd, Indian oil-to-telecoms conglomerate, posted on Thursday a 9% rise in first-quarter standalone profit, helped by higher margins from its core petrochemicals business.

Profit on a standalone basis, which only accounts for the company’s refining, petrochemicals and oil and gas exploration businesses, rose to Rs8,196 crore ($1.27 billion) for the three months to 30 June, from Rs7,548 crore a year earlier.

Analysts on average expected the company to post a standalone profit of Rs7,993 crore, according to Thomson Reuters data. Reuters

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