RELIANCE INDUSTRIES Q4FY15 PERFORMANCE
The company posted one of its best performances for any quarter with Gross Refining Margins (GRMs) or the earnings of turning every barrel of crude oil into fuel coming in at $10.1/barrel v/s $9.3/barrel (YoY). This has been the best GRM since the past two years. The performance was led mainly by refining and petrochemical verticals. Revenue for the quarter dropped 28% (YoY) and this can be attributed directly to the fall in crude prices.
A detailed look at the performance: