The company had reported a net profit of Rs 5661 crore in the first quarter of this year.
The net profit for the first half of the current fiscal was put at Rs 11,364 crore, 16.3 per cent up from Rs 9774 crore in the first half of the previous financial year.
The increase in Q2 profits came on the back of higher refining margins and other income.
According to a press release issued by the company, turnover increased by 36 per cent to Rs 164,479 crore in the first half, while exports went up by 52.2 per cent to Rs 101,872 crore.
The gross refining margin was $101/bbl for the second quarter and $ 10.2/bbl for the half year ended September 30, the release said.
"Our first half financial performance has been consistent. The increase in profits was largely driven by improved performance in the refining and petrochemicals busines," RIL Chairman and Managing Director Mukesh D Ambani said.
"All our manufacturing facilities operated at record levels with refineries achieving operating rates of 110%. RIL has strong balance balance sheet and sustained earning base to pursue growth opportunities," he said.
The company said it had cash and cash equivalents of Rs 61,490 crore ($ 12.6 billion). These were in fixed deposits, certificate of deposits with banks, mutual funds and Government securities / bonds.
RIL?s net debt was equivalent to 0.2 time annualized PBDIT for the half year ended 30 September.
Other income was higher at Rs 2,180 crore ($ 445 million) as against Rs 1,394 crore on a year-on-year basis primarily due to higher average liquid investments, it said.source netindian.in
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