Reliance Industries Limited (RIL) today reported its financial performance for the quarter ended June 30, 2007. Its turnover rose 12.7 per cent to Rs29,493 crore from a year ago figure of 26,166, with the net profit rising by 28.2 per cent to Rs3,264, crore up from Rs2,547.

Its Cash Profit increased by 23.7% to Rs. 4,527 crore, while exports rose 30 per cent from the previous year''s quarter to $4 billion.

The company says its gross refining margin of $15.4 / bbl was the highest ever since inception.