RIL - First cut Q2FY15 - Microsec

Reliance Industries Ltd announced their Q2FY15 results on October 13, 2014.

During the quarter the company reported a total income of INR109797crores higher by ~5% on QoQ basis but declined by ~5% on YoY basis.

The net consolidated income beats the consensus came at ~INR5972crores which is up on both quarterly and yearly basis. Both EBITDA and PAT margins improved YoY.

On the half yearly basis the company reported a total income of INR214437crores and net income of INR11929crores advanced on yearly basis.

The Gross Refining Margins stood at $8.30/bbl vs. $8.70/bbl.

Amongst the segment the organized retail and Refining performed quite well by posting a healthy growth in their EBIT figures.

As on September 30,2014 the cash and bank balances stood in their books is INR27322crores.

Source : Equity Bulls

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