RIL - Q2FY13 First Cut - Microsec

Reliance Industries Limited (RIL) announced its Q2'13 results on October 15, 2012.

RIL reported a net sales of INR90335cr which expanded by ~15% on YoY basis while its PAT stood at INR5376 cr which is up by staggering ~20% on QoQ basis. RIL's GRM came at $9.50/bbl vs $7.60/bbl QoQ. Shale gas business contributed to $198mn to EBITDA. Petchem revenue came at 7.88% vs 8% QoQ. Management opines that their H1 performances been satisfactory despite weak global economic condition.

Source : Equity Bulls

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