RIL posts net profit growth of 24% for the quarter and 63% for 2007-08

Surpassing market expectations, Reliance Industries (RIL) has posted a 63% rise in net profit at Rs 19,458 crore for 2007-08 on robust growth in refining, petrochemicals and exploration businesses. Turnover for the year at RIL, India's biggest private sector company, rose 18% to Rs 1,39,269 crore, cash profit rose 43% to Rs 25,205 crore, exports grew by 25% at Rs 83,492 crore. For the quarter ended on March 31, net profit grew by 23.95% y-o-y at Rs 3,912 crore, turnover rose to Rs 37,286 crore.
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