After 5 yrs, RIL back to double-digit growthElephants can dance, going by Reliance Industries’ (RIL) performance in FY16. After five years, the country’s largest private sector company by revenue has reported double-digit growth in earnings. RIL, battling headwinds in most of its businesses, has exited FY16 with 17.2 per cent growth in earnings from the previous year. Stock Market Trading Tips The earnings trajectory has been driven by strong growth in both the refining and petrochemical businesses. At $10.8/barrel, RIL’s gross refining margin (GRM) has hit a seven-year high and throughput has touched a record 69.6 million tonnes (mt). Himanshu Tiwari Astrologer Blog Though crude oil prices are down 45 per cent compared to FY15, RIL’s margins and profits have not taken a hit. The company’s seen several earnings upgrades in the past couple of quarters, which is why it managed to beat estimates only marginally in the quarter ended March .Financial Astrology The quarterly earnings show was driven by strong margin expansion, and lower operating costs and tax rate. Consolidated net profit grew 15.9 per cent year-on-year (YoY) to Rs 7,398 crore, even as revenue declined 10.7 per cent to Rs 60,252 crore in the March quarter. According to Bloomberg’s analyst poll, the company was estimated to report a net profit of Rs 7,125 crore. Other income declined 19 per cent to Rs 1,758 crore in the March quarter.Analysts claim that RIL was able to beat the Street’s earnings estimates as operational expenditure in the refining segment came down to $2.2/barrel from $2.6/barrel in the previous quarter. Personal Numerology Commenting on the company’s performance, Mukesh Ambani, chairman and managing director, RIL, said, “FY2015-16 has been a year of outstanding achievement for our downstream hydrocarbon businesses, notwithstanding persisting global economic uncertainty. Refining and petrochemicals delivered record operating and financial performances. Share Market Astrology

Elephants can dance, going by Reliance Industries’ (RIL) performance in FY16. After five years, the country’s largest private sector company by revenue has reported double-digit growth in earnings. RIL, battling headwinds in most of its businesses, has exited FY16 with 17.2 per cent growth in earnings from the previous year.   Stock Market Trading Tips

The earnings trajectory has been driven by strong growth in both the refining and petrochemical businesses. At $10.8/barrel, RIL’s gross refining margin (GRM) has hit a seven-year high and throughput has touched a record 69.6 million tonnes (mt).  Himanshu Tiwari Astrologer Blog

Though crude oil prices are down 45 per cent compared to FY15, RIL’s margins and profits have not taken a hit. The company’s seen several earnings upgrades in the past couple of quarters, which is why it managed to beat estimates only marginally in the quarter ended March .Financial Astrology
The quarterly earnings show was driven by strong margin expansion, and lower operating costs and tax rate. Consolidated net profit grew 15.9 per cent year-on-year (YoY) to Rs 7,398 crore, even as revenue declined 10.7 per cent to Rs 60,252 crore in the March quarter. According to Bloomberg’s analyst poll, the company was estimated to report a net profit of Rs 7,125 crore.

Other income declined 19 per cent to Rs 1,758 crore in the March quarter.Analysts claim that RIL was able to beat the Street’s earnings estimates as operational expenditure in the refining segment came down to $2.2/barrel from $2.6/barrel in the previous quarter.  Personal Numerology

Commenting on the company’s performance, Mukesh Ambani, chairman and managing director, RIL, said, “FY2015-16 has been a year of outstanding achievement for our downstream hydrocarbon businesses, notwithstanding persisting global economic uncertainty. Refining and petrochemicals delivered record operating and financial performances. Share Market Astrology