Reliance Retail's PBDIT jumps 65.8% to Rs 398 crore
Reliance Retail's PBDIT jumps 65.8% to Rs 398 crore
RIL results are expected to be out Thursday
21 July, 2017, 01:39
Revenues on a consolidated basis for RIL during the quarter grew 26.7%, to Rs 90,537 crore, against RS 71,451 crore in Q1FY17. Balaji Telefilms is promoted by Ekta Kapoor and her family, led by her father and yesteryear Bollywood superstar Jeetendra. "This investment is a vote of confidence to the Company's strategic move to own our IP and our viewers".
Axis Capital acted as the sole investment banker for this transaction.
The company said that the increase in revenue was primarily on account of increase in prices and volumes of refining and petrochemical products partially offset by lower prices and volumes from E&P business. Gross Refining Margins (GRM) for 1Q FY18 stood at United States dollars 11.9/bbl as against USD 11.5/bbl in 1Q FY17. The total volume of shares traded was 227,482 at the BSE (Thursday).
Reliance Industries (RIL) disclosed a good increase in consolidated net profit for the quarter ended June 2017.
Singapore GRM was flat at Dollars 6.40 a barrel QoQ as lower cracks for light and middle distillates were offset by stronger fuel oil cracks and lower freight, it said. Further, favorable Brent-Dubai differential aided crude sourcing during the quarter.
Motilal Oswal Securities expects RIL to post an inventory loss of $1 a barrel.
"Our Company recorded yet another strong quarterly performance with a net profit of Rs9,108 crores, up 28% Y-o-Y". Profit Before Tax increased by 5.9% to Rs 10,561 crore ($ 1.6 billion).
Standalone revenue from operations climbed 18.4 percent to 704.34 billion rupees. Retail business also witnessed accelerated growth momentum with YoY revenue growth of 74 per cent. "Full commissioning of the new PX facility...will strengthen the integration with our polyester chain, Ramp-up of ethane import projects has helped in diversifying feedstock resources and mitigating risks for our existing crackers at Dahej and Hazira". "Revenue was also boosted by robust growth in retail business which recorded a 73.6 per cent increase in revenue to Rs 11,571 crore", it said.
RIL's net debt as on June 30 stood at Rs 1,28,567 crore; and the company had cash and cash equivalents to the tune of Rs 72,107 crore.
The shares slid 0.3% to close at ₹1,528.70 prior to the results, which were announced after close of trading.
CENTRAL BANKS: Japan's central bank opted to keep its monetary stimulus intact while downgrading its outlook for inflation. The bank also retained its asset purchases of Euro 60 billion a month till December 2017, or beyond, if necessary.
Sechin was among top Russian officials to be blacklisted by the USA for Russia's annexation of Crimea in 2014. The State Department said it wasn't involved in the decision to punish Exxon for violating the sanctions.
Abdul Karim Telgi, the kingpin of a multi-crore stamp paper fraud that hit the headlines about a decade earlier, was another. Rao, however, denied the charges and welecomed the inquiry into Moudgil's report.
While it is possible to delay retirement and take a higher pension in exchange, the same flexibility does not exist in reverse. Keeping the State Pension age at 66 would cost over £250 billion more than the government's preferred timetable by 2045/46.
Jenner took issue with the unnamed host-later revealed to be Sharon Osbourne-for poking fun at her gender confirmation surgery. Caitlyn accepted Jimmy's apology but not before calling him out for only apologizing now that she was his talk show guest.
The "verbal approval" likely came from somebody within the Trump administration. "Then prob LA-SF and a TX loop", he tweeted . Last month , Musk tweeted that he had "promising conversations" about a tunnel network with Los Angeles Mayor Eric Garcetti.
The Tigers also got INF Sergio Alcantara and INF Jose King as they restocked their farm system with position players. He has a very strong and accurate arm from different angles, showing an ability to make plays on the run.
Another added: 'Kylie Jenner posting that wax figure of herself on snapchat, I couldnt even tell until I turned the volume up'. Apparently, Kylie Facetimed her family using the wax figure and they all totally bought that it was Kylie.
The Baltimore Police Department has also launched an investigation and placed the officers involved on administrative leave. The Baltimore Police Department said Wednesday it was investigating the matter and the three officers seen in the video.
CELTIC fans can not believe Leigh Griffiths has been charged by Uefa for "provoking spectators" against Linfield . The charges against Linfield FC include the throwing of objects onto the pitch and a field invasion by fans.
As it stands, there's nothing in the outline "where you could say, this is how we get rid of the trade deficit", Levy said. Trump on Monday hosted companies from all 50 states that make products locally.
Philadelphia police on DiNardo farm in Bucks, report says
They are set to appear before a judge for a preliminary hearing in the case on September 7, Bucks County prosecutors said. Ross said detectives are looking through their files to check on the claims but called the information "sketchy".
Audi ad likens women to used cars in Chinese ad
The point of this spectacle is to suggest that this sort of rigorous inspection is similar to the one enjoyed by Audi's used cars. She then takes a last look at the bride's chest before a caption declares: " an important decision must be made carefully ".
Kelly captive claims father sent her to live with singer
Jezebel explains Kim is different from the others because she is both a few years older (in her mid-twenties) and white. The accusations, which Kelly has "unequivocally" denied , were published on Monday by USA media outlet Buzzfeed News .
BHP hit by $546m Chilean strikes burden
The stock of BHP Billiton Limited (ADR) (NYSE: BHP ) earned "Neutral" rating by Clarkson Platou on Tuesday, November 17. The 1 year high share price is 1518.5 GBX while the 52 week low for the share price is 903.4 GBX.
Officer accused of shooting Australian 'healer' identified
Justine Damond was living with her fiance in Minneapolis and they were planning to marry in August, the Associated Press reports . She said there are a lot of unanswered questions - many of which she's pushing to get the answers to as quickly as possible.
Ed Sheeran's cameo in Game of Thrones
Ed sang a "new" song, "Hands of Gold", which has significant meaning within the A Song of Ice and Fire universe. Chart-topping musician Ed Sheeran is to play Lisa's love interest in an upcoming episode of " The Simpsons ".
Kidnapped! NFL star says his dog is being held for ransom
He said the caller said he would call back "but I haven't heard from him since". "I just want the dog back", Whitehead said. Whitehead posted a short Snapchat video early Tuesday morning that showed Blitz reunited with his owner unharmed.