MUMBAI: India's Reliance Industries said Friday its quarterly net profits soared 18.1 percent, boosted by higher margins in its key refining business and a falling rupee.
The Mumbai-based firm owned by Mukesh Ambani, India's wealthiest man, said consolidated net profit for the three months through June climbed to 71.13 billion rupees (1.1) billion rupees from 60.24 billion rupees a year earlier.
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