India's most valuable company, said on Tuesday its annual profit rose 4.8%, as the improvement of offset lower refining margins of < > earnings from oil and natural gas production.
The control of the company by the billionaire mukesh ambani, reported a net profit of 210 billion rupees ($3.9 billion) by the end of 2010, the fiscal year ending on March 31.
Mr Ambani, said in a statement: "Reliance has delivered in a volatile environment of sustainable economy under the condition of strong business performance for another year,",. "The increase in profit is to a great extent, and improved by strong refining margins driven within this year."
Reliance's earnings fell to, until 2012 until October - December quarter four straight quarters, when results show a turnaround.
For 1-3 month quarter of 55.8 billion rupees ($100 million), net profit up 32% from a year earlier. Its gross margin for this quarter's refining margins up to a year earlier from $a $7.60 a barrel at $10.10 a barrel.
Annual profit beat 208 billion rupees ($3.8 billion) in a FactSet, an analyst at the average forecast for the number of shares for a vote.
Annual enterprise group of the refining business besides the profit before interest and taxes rose 32.5%, to 12.8 billion rupees ($240 million). Earnings per share from oil and natural gas production fell by 45%, to 29 billion rupees ($536 million) a year, are used to.
Reliance of stock (Tuesday) in the Bombay stock exchange transaction to rise by 1.4%, publish publish ahead of time, there came after the market closed.



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