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The board of Reliance Industries will meet on Friday to consider the financial performance of Q4 and full year ended March 2015. Analysts expect net profit for Q4 to grow 4-8 per cent y-o-y and revenue to decline 20-30 per cent. Nomura expects RIL’s gross refining margin - what it earns by converting a barrel of crude oil into fuel products - to rise to its highest-ever in Q4, as crude oil prices remained largely flat.
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