RELIANCE INDUSTRIES Q3FY15 PERFORMANCE

Reliance Industries posted a performance which was very much in line with expectations. Declining crude oil prices was expected to batter down the company’s Gross Refining Margin (GRM) for the quarter but it did not fall as much as expected. GRM for the quarter came in at US$7.30 v/s US$8.30/barrel in Q2.

A detailed look at the performance: