Reliance Industries (RIL) dipped nearly 2 per cent on Monday to Rs 1,345 levels on the NSE, after the company reported a 9.8 per cent jump in its net profit for the January \u2013 March 2018 quarter of the financial year 2018 \u2013 19 (Q4CFY19) on Thursday. The gross refining margins (GRM), however, were a disappointment at $8.2 per barrel, compared to $11.1 per barrel y-o-y. The March 2019 quarter GRM is the lowest since the October-December 2014 period, which was at $7.3 per barrel.<\/p>\n
Here\u2019s how leading brokerages have interpreted the numbers: <\/p>\n
Refining was expectedly weak with margins at an 18-quarter low of US$8.2 with segment EBITDA now 40% lower than its peak six quarters back. Equally, though, Petchem EBITDA was resilient near all-time highs even with lower volumes although margins have since begun to soften. Domestic E&P was weak and US Shale had negative EBITDA again.<\/p>\n","protected":false},"excerpt":{"rendered":"
Reliance Industries (RIL) dipped nearly 2 per cent on Monday to Rs 1,345 levels on the NSE, after the company reported a 9.8 per cent jump in its net profit for the January \u2013 March 2018 quarter of the financial year 2018 \u2013 19 (Q4CFY19) on Thursday. The gross refining margins (GRM), however, were a disappointment at $8.2 per barrel, compared to $11.1 per barrel y-o-y. The March 2019 quarter GRM is the lowest since the October-December 2014 period, which was at $7.3 per barrel. Here\u2019s how leading brokerages have interpreted the numbers: Refining was expectedly weak with margins at […]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-270097","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/270097","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=270097"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/270097\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=270097"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=270097"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=270097"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}