V Srikanth ( joint CFO since 2011) has been sharing a part of the responsibilities of the CFO position with Alok Agarwal for the last few years.
We look for companies having positive Operating Cash Flow (OCF) in at least 7 out of the last 10 years, unlike profit numbers OCF does not take into account one-time transactions that can inflate the profit numbers.
The company's net profits for the third quarter of current fiscal beat street expectations at Rs 8,802 crore. The gross refining margins (GRM) on the other hand, dissapointed at USD 10.80 per barrel.
Post the result announcement, RIL's CFO Alok Agarwal said that it has been a good quarter which saw two new records, and the consumer business gained traction and performed better.
The difference between Reliance Industries' (RIL) gross refining margins (GRM) at 11.5 percent was at a eight year high with the Singapore benchmark, CFO Alok Agarwal said.
Alok Agarwal, CFO of Reliance Industries pointed out the company has posted record EBIT in both refining and petrochemicals business.
Alok Agarwal Executive Director of ICICI Lombard General Insurance, P Chandrasekar General Manager – Insurance at RPG Group and Milind Sarwate Member – Group Management Center at Wadhawan Global Capital discuss whether companies today have the critical infrastructure in place for risk management.
Zee Entertainment‘s advertising revenue grew 3% to Rs 61.4 crore against Rs 59.6 crore (Y-o-Y) and the subscription revenue rose by 8.4% to Rs 27 cr against Rs 25 crore on a quarter-on-quarter basis.
RIL CFO Alok Agarwal says, the company has already invested nearly USD 6.5 billion in shale gas business and expects the business to be cash positive once its reaches the USD 700 million market in EBITDA.
Reliance Industries | HT Media | Federal Bank | JK Paper | CRISIL | Mangalore Chemicals | Monnet Ispat | Petron Engineering | Wockhardt | Kalindee Rail and Texmaco Rail are stocks, which are in the news today.
Reliance Industries Ltd logged USD 44.1 billion in export revenue and contributed 15.2 per cent to the nation's overall export kitty of USD 290 billion in the just-concluded fiscal, a senior company official said today.
Reliance Industries today said it has received USD 2.1 billion credit support, including direct loan of USD 1.06 billion, from US-based Export-Import (EXIM) Bank.