RIL may post first ever drop in net profit in six quarters

Mint
Mint
  • 6 years ago
Reliance Industries Ltd (RIL) is expected to post its first drop in net profit in six quarters as inventory losses due to a fall in crude prices weigh on profitability and take away the benfits of higher gross refining margins (GRMs) in the fiscal third quarter. The company will announce its results for the October-December quarter on Friday.

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