On Friday the Reliance Industries has reported its highest quarterly net profit in over eight years.

The company has posted a 16 percent jump in earnings for the three-month period ended March 31.

For January-March quarter, the Consolidated net profit has been at Rs 7,398 crore or Rs 25.1 a share was 15.9 percent higher than Rs 6,381 crore or Rs 21.7 per share profit a year ago.

The standalone net profit has been at 17.25 percent higher at Rs 7,320 crore.

This has been the highest quarterly net profit for RIL since it had posted Rs 8,079 crore net profit in the third quarter of 2007-08.

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