Saturday, October 12, 2013

RIL MAY REPORT ONE TRILLION REVENUE FOR THE THIRD QUARTER

Reliance Industries is expected to report quarterly revenue of Rs 1 trillion for the first time due to higher margins across its petrochemical product chain, and refined a higher volume of crude oil in the three months ended 30 September .
 
The conglomerate is expected to post net revenue of Rs.1.01 trillion, up 12% year-on-year, and net profit of Rs.5,407.2 crore.

RIL’s gross refining margin is estimated to come in at $7.7 per barrel.

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