By Premium Research Bureau
Reliance Industries posted a consolidated net profit of Rs.6720 crore, beating all estimates. Its core refining and petchem is what helped this super performance. This can be seen from the fact its Gross refining Margin (GRM) for the quarter came in at US$10.6/barrel v/s US$10.4/barrel in Q1; the highest GRM in past seven years.
Take a look at a detailed report.