The company's retail unit's revenue and operating profit rose 45.8% to Rs 6,666 crore and 31% to Rs 148 crore, respectively. In the year-ago period, the business reported an operating profit of Rs 199 crore. This segment accounted for 29% of the company's revenue as well as operating profit. "Though regional refining margins trended downwards, our high-conversion refining system was able to take advantage of higher margins on middle distillates and wider discounts on sour crude oils. RIL's earnings beat analyst estimates of Rs 6,508 crore, according to Bloomberg.

Source: Times of India July 16, 2016 02:03 UTC