2Q FY20 revenue from the Refining and Marketing segment decreased by 1.6 % Y-o-Y to Rs. 97,229 crore ($ 13.7 billion) reflecting lower crude prices. Segment EBIT decreased by 6.9% Y-o-Y to Rs. 4,957 crore ($ 699 million) mainly due to marginally lower GRM and narrow light-heavy crude differentials. GRM for 2Q FY 20 stood at $ 9.4/bbl, outperforming Singapore complex margins by $ 2.9/bbl. The premium over Singapore complex margins declined as strength in FO cracks supported Singapore margins. Additionally, tighter crude markets for heavy crudes resulted in higher costs.
Shares of RELIANCE INDUSTRIES LTD. was last trading in BSE at Rs.1415.3 as compared to the previous close of Rs. 1396.15. The total number of shares traded during the day was 629451 in over 20580 trades.
The stock hit an intraday high of Rs. 1428 and intraday low of 1399.7. The net turnover during the day was Rs. 891730305.