By Premium Research Bureau

After the disappointing performance of two IT biggies- Infosys and TCS, the Q1FY17 performance of Reliance Industries came as a big relief. Beating all expectations, the petrochemical major posted a 4% rise in net profit on the back of improved Gross Refining Margins (GRMs) which rose from $10.8/barrel to $11.50/barrel (QoQ). It beat even our Editor Mr.SP Tulsian’s net profit estimate of Rs.7075 crore with net profit coming in at Rs.7548 crore. Clearly, Monday will be a good day on the bourses for RIL.

A QUICK LOOK AT THE NUMBERS: