Reliance Industries, India's second-largest company by market capitalization, on Friday recorded its highest quarterly profit in over eight years thanks to improving refining margins as oil prices collapsed. Net profit for the quarter ended Mar. 31 stood at 73.98 billion rupees ($1.1 billion), up 16% year-on-year, the Mumbai-based company said in a statement. The result was Reliance's best since the three months ended Dec. 31, 2007.
展开▼
