{"id":365871,"date":"2020-07-31T12:20:48","date_gmt":"2020-07-31T06:50:48","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=365871"},"modified":"2020-07-31T13:19:21","modified_gmt":"2020-07-31T07:49:21","slug":"reliance-industries-net-up-31-refining-slips","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/reliance-industries-net-up-31-refining-slips\/","title":{"rendered":"Reliance Industries net up 31%, refining slips"},"content":{"rendered":"<p>Reliance Industries Ltd (RIL) on Thursday beat Street estimates to record a 31 per cent rise in consolidated net profit for the first quarter ended June 30, riding on the performance of the telecom business along with a one-time gain from a stake sale.<\/p>\n<p>The oil-to-telecom conglomerate posted a net profit of Rs 13,233 crore in a quarter that saw the Covid-19 pandemic affecting its core refining business and organised retail. <\/p>\n<p>The gross refining margin (GRM) of the company proved to be a disappointment. Reliance earned $6.3 per barrel as GRM against $8.1 a year ago and $8.9 per barrel in the preceding quarter.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reliance Industries Ltd (RIL) on Thursday beat Street estimates to record a 31 per cent rise in consolidated net profit for the first quarter ended June 30, riding on the performance of the telecom business along with a one-time gain from a stake sale. The oil-to-telecom conglomerate posted a net profit of Rs 13,233 crore in a quarter that saw the Covid-19 pandemic affecting its core refining business and organised retail. The gross refining margin (GRM) of the company proved to be a disappointment. Reliance earned $6.3 per barrel as GRM against $8.1 a year ago and $8.9 per barrel [&hellip;]<\/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":[130,215,148],"tags":[],"class_list":["post-365871","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-telegraph","category-the-telegraph"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/365871","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=365871"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/365871\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=365871"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=365871"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=365871"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}