Reliance Industries Ltd (RIL) reported 18.37% yoy growth in consolidated net profit at Rs11,262cr for the second quarter ended September 30, 2019, helped by strong performance across all business segments.
The Mukesh Ambani headed company reported gross refining margin (GRM) of $9.4/bbl during the quarter on the back of rise in global oil prices. Refining margins improved qoq, in comparison to $8.1/bbl seen during the first quarter of FY20.
The conglomerate’s debt surged by Rs4,477cr to Rs291,982cr on the back of capital expenditure of more than Rs19,095cr. The oil-to-telecom conglomerate had an outstanding debt of Rs287,505cr as on March 31, 2019, RIL said in an exchange filing.
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