July 19 India's Reliance Industries Ltd
first-quarter net profit rose 19 percent year-on-year
to 53.52 billion rupees ($897.91 million), beating forecasts,
lifted by stronger margins in its main oil refining business.
Net sales fell 4.6 percent to 876.5 billion rupees.
Reliance, which operates the world's biggest refining
complex in western India, was expected to post June-quarter net
profit of 52.7 billion rupees, according to Thomson Reuters
The company reported average gross refining margin of $8.4
per barrel for the June quarter compared to $7.6 in the same
period last year.