RIL Q2 net up 7 pc at Rs 4,122 crore

Mumbai,Oct 23 (UNI) Reliance Industries Limited (RIL) posted 7.42 per cent rise in net profit of Rs 4,122 crore for the quarter ended September 30, 2008 as compared to Rs 3,837 crore in the same quarter in the previous year.

Total income increased to Rs 44,938 crore in the September quarter from Rs 32,211 crore a year ago, a release issued by RIL said.

Reliance's refining margins for the quarter were USD 13.4 a barrel, television news channels reported, well above the benchmark of Asian Dubai crack margin, which averaged about USD 5.8 a barrel in the period.

UNI AR LY SKB1852