Meeting markets estimation, Reliance Industries (RIL) stated a 27.8 % increase in net profit throughout the quarter finished on September 2010 on elevating revenues by refining and oil and gas production.

Net profit for the July-September quarter was Rs 4,923 crore, increased by Rs 3,852 crore since last year.

Turnover of mainly valued Indian company rose 22.8 % Rs 59,962 crore, increased from Rs 48,843 crore last year.

Net operating margin was decreased at 15.5 5in comparison to 16.7 % in the consequent period of the last year owing to base effect and softer margin environment in petrochemicals partly counterbalance by incremental share of the higher margin oil and gas business and enhanced refinery margins.

Additional income was slightly increased by Rs 1,394 crore as against Rs 1,337 crore as contrasted to the consequent period of the last year mainly because of higher average cash balances as stated by them.