Business | Rajas Kelkar | Saturday July 21, 2012
Reliance Industries reported a 21 per cent drop in the net profit in June 2012 quarter over last year. RIL's net profit was Rs 4473 crore, but beat estimates of Rs4,364 crore for the quarter ended June 2012, making this the third straight quarter that it has seen profits decline. RIL's gross refining margins stayed strong at $7.6 a barrel, the same...
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