Mukesh Ambani group's flagship company Reliance Industries (RIL) has announced its results for the quarter ended June 2010.
It has reported net profit at Rs.4851 Cr as against Rs.3636 crore, a growth of 33.42% on y-o-y basis.
Net sales jumped 81.65% to Rs 58,228 crore from Rs 32,055 crore. Numbers were in-line with expectations;
CNBC-TV18 expected net sales at Rs 59,300 crore and net profit at Rs 4820
crore.
crore.
*Refining revenues increased 106.81% to Rs 50,531 crore from Rs 24,434 crore and petchem revenue rose 18.8% to Rs 13,903 crore from Rs 11,707 crore (YoY).
*Petchem earning before interest & tax (EBIT) declined to Rs 2,053 crore from Rs 2,109 crore while refining EBIT jumped to Rs 2,035 crore from Rs 1,299 crore.
*Petchem margins were at 14.8% and refining margins at 4%.
*Operating margins stood at 16%.
*Gross refining margin (GRM) came in at USD 7.3 a barrel.
*Petchem earning before interest & tax (EBIT) declined to Rs 2,053 crore from Rs 2,109 crore while refining EBIT jumped to Rs 2,035 crore from Rs 1,299 crore.
*Petchem margins were at 14.8% and refining margins at 4%.
*Operating margins stood at 16%.
*Gross refining margin (GRM) came in at USD 7.3 a barrel.
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