INSUBCONTINENT EXCLUSIVE:
June, up 17.9% year-on-year, fuelled by its petrochemical and consumer businesses
The conglomerate, with interests in businesses as diverse as telecom, retailing and oil refining, saw its revenue rise 9.7% to ?141,699
an upswing in polyester chain margins
produced in an entire year before we undertook expansion beginning 2013
joint chief financial officer, told reporters.
Oil gas segment revenue increased by 8.2% due to higher price realisation.
Revenue from
refining and marketing segment increased by 42.9% year-on-year to ?95,646 crore while operating profit declined by 16.8% to ?5,315 crore
Lower crude throughput due to planned turnaround of one crude distillation unit and softer refining margins dented profits, the company
quarter, but it still enjoyed a $ 4.5 premium over the benchmark Singapore complex margin Oil and gas segment revenue increased by 8.2% to
?1,432 crore, primarily due to higher gas and oil price realisation
profit as the strategy to acquire more subscribers augured well for the company.
Retail business revenue grew to ?25,890 crore in the June
believe that refining and petrochemical businesses would continue to report strong margins, supported by the recently commissioned
downstream projects while revenue market share gain for the telecom business would strengthen earnings of the digital services business
