Reliance Industries
Saturday, October 20, 2007 | | |
Reliance Industries Ltd. (RIL) reported below estimated topline growth of 6.6% yoy. The underperformance was from both refining and petrochemical segments.
ä Refining segment reports robust revenue growth and margin expansion on higher throughput, and record GRMs of US$13.6/bbl.
ä Expansion in petrochemical margins a positive surprise.
ä Firm refining margins and commencement of production of gas from KGD6 in Q2FY09 to drive future growth.
ä Formula for gas pricing resolved, a sigh of relief.
ä 15 more prospects identified in deeper areas of the block to explore upside potential