Recognition of LPG under-recovery compensation from November 2025, along with lower per-cylinder LPG under-recoveries on-quarter, should provide support to blended marketing margins, as per Motilal Oswal.
Reliance' first quarter standalone net profit rose by 1.2 percent quarter-on-quarter to Rs 6,318 crore compared to Rs 6,243 crore in March quarter.
Gas price hike, as suggested by the Rangarajan Committee will not only improve realizations but will also accelerate upstream activities for Reliance Industries.
Analysts say, despite chairman and CEO highlighting aggressive expansion plans for its petchem, E&P, refining and telecom businesses, there is very little clarity on how much will be spent in each segment.
We are likely to see a weaker quarter for refining margins, says Jal Irani, MD -Oil & Gas Research, Macquarie Group after Singapore complex refining margin, nearly halves from USD 10 to USD 4.90.
Reliance Industries (RIL) has reported 31.9 percent year-on-year jump in March quarter profit to Rs 5589 crore, boosted by an improvement in gross refining margins (GRMs), which is partly offset by lower gas output from its flagship KG-D6 basin.
In-line with market expectations, the Ruia’s-owned Essar Oil has posted a net profit of Rs 469 crore y-o-y, mainly due to robust refining margins