Zee Media Bureau
Reliance Industries' January-March quarter consolidated net profit rose by 8.5 percent to Rs 6,381 crore.
Revenue fell to Rs 67,470 crore from Rs 103,428 crore on slump in oil prices in the forth quarter of 2014-15 fiscal.
RIL earned USD 10.1 on turning every barrel of crude oil into fuel as compared to a gross refining margin of USD 9.3 per barrel in the fourth quarter of previous 2013-14 fiscal.
The company announced a dividend of Rs 10 per share.
RIL Chairman and Managing Director Mukesh D Ambani said: "In a time when the collapse of crude oil prices unsettled the hydrocarbons markets, our refining business delivered record earnings.
"The earnings power demonstrated by our hydrocarbon businesses in this environment validates our philosophy of investing in world-scale, cost competitive assets, cutting- edge technology and the talent of people."
Reliance Industries' December quarter net profit dipped by 4.5 percent to Rs 5,256 crore, its first profit decline in nine quarters, after a steep fall in crude oil prices hurt core refining business and margins.
With PTI Inputs
