RIL is likely to report a healthy growth in profit after tax (PAT) on a standalone basis for 11th quarter in a row thanks to record growth in refining and petrochemical businesses, its telecom unit Reliance Jio could impact consolidated results, analysts say.
Earlier in the June quarter, the company’s consolidated net profit rose 28% (12.7% QoQ) to Rs 9,108 crore. Gross refining margin for the quarter grew by 3.5% to 9-year high of $11.9 a barrel against $11.50 a barrel on a sequential basis. CLICK HERE TO READ FULL REPORT.
Thus far in the calendar year 2017, the stock has outperformed the market by surging 62% from Rs 540 (adjusted to 1:1 bonus share), as compared to 21% rise in the S&P BSE Sensex.
To read the full story, Subscribe Now at just Rs 249 a month
Already a subscriber? Log in
Subscribe To BS Premium
₹249
Renews automatically
₹1699₹1999
Opt for auto renewal and save Rs. 300 Renews automatically
₹1999
What you get on BS Premium?
-
Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
-
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
Need More Information - write to us at assist@bsmail.in