Revenue for the period was up 26 percent to 900 billion rupees. "The increase in revenue is primarily on account of increase in prices and volumes of refining and petrochemical products partially offset by lower prices and volumes from E&P business".
Refining margins are a key measure of profitability for the business. According to a Motilal Oswal research report RIL was expected to report a decline in gross refining margin (GRM) in the April-June quarter.
Strong refining and petrochemicals margin environment contributed to higher operating profits for the quarter.
Mukesh Ambani'sReliance Industries Ltd (RIL) on Thursday said its board has approved to pick around 25 per cent stake in Balaji Telefilms by acquiring 2.52 crore shares for around Rs 413 crore. Retail business also witnessed accelerated growth momentum with YoY revenue growth of 74 per cent.
Regarding the company's telecom venture Jio, he said it has revolutionised the Indian telecom and data consumption landscape.
"RIL reported a massive beat when compared with estimates and given the fact that it has already rallied quite a lot so far in the year 2017, I expect the stock to open higher with a 3-5 percent gap on Friday", SP Tulsian of sptulsian.com said in an interview to CNBC-TV18.
"Over the past 3-4 years, we made significant investments in new plants, thus creating organic growth platforms for our energy and materials businesses", Mr. Ambani, India's richest man, said. "Full commissioning of the new PX facility...will strengthen the integration with our polyester chain, Ramp-up of ethane import projects has helped in diversifying feedstock resources and mitigating risks for our existing crackers at Dahej and Hazira".
BHP hits record iron ore production in WA
It also upped Dunkin B (NASDAQ:DNKN) stake by 13,415 shares and now owns 55,000 shares. 2,341K shares changed hands on Wednesday. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable.
Organised retail contributed ₹11,571 crore to revenue and EBIT nearly doubled to ₹292 crore.
Operating profit was led by robust performance from petrochemicals business and sustained strength in the refining business. The telecom operators are facing tremendous pressure on revenue and profitability, even as the industry's debt has soared to almost Rs 8 lakh crore.
RIL which has a market capitalisation of Rs 4,97,000 crore closed 0.31 per cent down at Rs 1,528.70 on the BSE on Thursday.
Reliance Jio, India's youngest telecom operator, is raising Rs 20,000 crore through a rights issue to fund its growth plans.
"The board of directors at its meeting held on July 20, 2017, has decided to make a rights issue of 4 billion, 9% non-cumulative optionally convertible preference shares (OCPS) of ₹10 each for cash, at a premium of ₹40 per OCPS, aggregating to ₹20,0000 crore", it said.
The next scene shows an Audi on the road, with a voiceover that says, " An important decision must be made carefully ". On Weibo , a Chinese social media platform similar to Twitter, one user wrote: 'I am not a woman and I am disgusted.
Caitlyn simply explained to Kimmel how when she was first transitioning she got hammered in the media. "I have considered it". Feinstein, 84, has not announced whether she will run for re-election in 2018.
The studio has reportedly reserved February 14 , 2020 an June 5, 2020 for as-yet-unspecified DC Films projects. One of the things expected to be revealed that day is the official announcement of Wonder Woman 2 .
The US deficit in goods was $63.2 billion past year , while the services surplus for the US was $7.6 billion in 2016. In other words, they would be caught in the cross-fire, even if the measure is not ultimately targeted at them.
Still in Germany and the Daily Mirror reports that Hoffenheim frontman Andrej Kramaric is also being pursued by Jurgen Klopp . The Bundesliga side are adamant that they won't cash in on the 22-year-old despite paying just over £10m for him last summer.
Meanwhile, others were unimpressed, with one person tweeting, "Can't believe Ed Sheeran's just ruined the whole show for me". As EW.com points out, some diehard fans of " GoT " found the cameo distracting from the wider, more concentrated narrative.
One team, however, AGR2 Mondiale, went on ahead to try to get their man, Bardet, the stage win, and nearly succeeded. Aru held yellow for two stages before handing it back to Froome on a seemingly innocuous day for the GC contenders.
And at the final whistle, a number of home fans attempted to access the pitch when Griffiths tied a scarf to the goal posts. Celtic have been hit with three charges by UEFA for the game against Linfield including the use of illicit banners .
According to the report, Whitehead refused to cut a a check for $10,000 but agreed to pay cash after making sure the dog was OK. A Dallas Cowboys player's Blitz is missing - and, unfortunately, this time it's not an indictment on the team's defensive line.
French expert on the Palestinian cause Jean-Paul Chagnollaud said that "France's stance is still somewhat vague on the matter". He called for thorough investigation into the recent killing of a Parisian woman believed linked to anti-Jewish sentiment.
US House proposes over $5 trillion in cuts
Mark Meadows , R-N.C., said last month the border adjustment tax is a "stumbling block" as the GOP tries to pass its budget. But for that budget to go into effect, it would have to pass the House and be reconciled with a Senate budget bill.
Charlie Gard Granted Permanent US Residency
Great Ormond Street Hospital specialists say that treatment will not work, and the little boy's life support should be turned off. Doctors at London's Great Ormond Street Hospital said transferring the baby to a USA hospital would prolong his suffering.
Kelly accused of holding a sexual harem on his property
Kelly to file a lawsuit against him after the singer denied the accusations and expressed that he wanted to sue his accusers. In one especially freakish circumstance, Kim recalls watching a 19 year-old girl run laps wearing nothing but R.
Beyoncé's waxwork figure looks nothing like Beyoncé
Another added: 'Kylie Jenner posting that wax figure of herself on snapchat, I couldnt even tell until I turned the volume up'. She captioned one of them as, " I made her FaceTime my whole family. fooled everyone???? ".
Chargers' Williams could miss season
The Chargers drafted Williams with the No. 7 overall pick with the hope he could help out Philip Rivers and the passing game. Last year's Chargers were sunk by a laundry list of injuries that sabotaged the offense from wire to wire.
More Details Surface About Aaron Carter's DUI
When asked what he would say to his brother if he could speak with him directly, Aaron said, "I will always love you". Wiping away tears, Carter said he hadn't slept in days said he hasn't been able to stop crying since the incident.
27 contacts found in woman's eye during surgery
The patient had been wearing disposable contacts for 35 years but had not been to the optometrist for her regular appointments. I wear my dailies for an HOUR too long and my eyes start the rejection process: "goop, itching, hide-n-seek", tweeted a second.