On a consolidated basis, which also includes RIL's U.S. shale gas, retail and other operations, profit came in at Rs8,109 billion rupees, the company said in a filing on Friday.
An ET Now poll had predicted a profit of Rs 8,450 crore (standalone) for the quarter. Revenue was also boosted by addition of Rs 6,147 crore of earnings from Jio, whose financial performance was included in RIL's earnings for the first time.
Consolidated revenue increased by 24% to Rs 1,01,169 crore during the quarter ending September as against Rs 81,651 crore in year-ago period.
Commenting on the results, Mukesh Ambani, Chairman and Managing Director, Reliance Industries said, "Our company reported another quarter of robust performance". RIL's GRM, a measure of realisation from making products out of crude oil, was still higher by $3.7 per barrel than the benchmark Singapore Gross Refining Margin for the September quarter.
"Increase in revenue is primarily on account of increase in prices and volumes in refining, petrochemical and retail businesses".
Profit on a standalone basis, which includes refining, petrochemicals and oil and gas exploration businesses, rose to Rs8,265 crore in the quarter ended 30 September, its highest ever. "Further, the consolidated revenues reflect the commencement of commercial operations of RJIL's (Reliance Jio Infocomm Ltd) wireless telecommunication network during the quarter", the company said in a release.
Reliance Jio's revenue from operations during the quarter was Rs 6,147 crore and its subscriber base is at 138.6 million as of September 30.
"He added, ". We are confident that Jio will bring significant benefits to the Indian economy and the Indian customers and will take India to a much higher pedestal".
Cash and cash equivalents till Q2FY18 were at 77,014 crore ($ 11.8 billion) compared to Rs 77,226 crore as on 31st March 2017.
Lee, now in jail and appealing his five-year prison term, maintains he is innocent and was forced by Park to help enrich Choi. But the scandal that emerged late previous year unleashed nationwide fury, even among many of her conservative supporters.
Ofcom will also tackle diversity, meaning the BBC will be publicly accountable for achieving its workforce diversity targets. Kevin Bakhurst, Ofcom content and media policy director, said, "The BBC is the cornerstone of United Kingdom broadcasting".
It is negative, as 79 investors sold BAC shares while 543 reduced holdings. 120 funds opened positions while 577 raised stakes. Pekin Singer Strauss Asset Management Il owns 0.11% invested in Bank of America Corp (NYSE: BAC ) for 27,640 shares.
News headlines about Milacron Holdings Corp (NYSE:MCRN) have been trending somewhat negative this week, according to AlphaOne. Finally, Russell Investments Group Ltd. grew its position in shares of Milacron Holdings Corp by 13.7% in the 2nd quarter.
O'Daniel leads the Tigers with 48 tackles and two interceptions, and he is one of six players in the nation with multiple pick-6s. Syracuse is led on defense by Zaire Franklin and Parris Bennett, two of the best linebackers in the Atlantic Coast Conference.
Dakota, who starred in the saucy Fifty Shades movies with Jamie Dornan, was last linked to model/rocker Matthew Hitt. They were "cozy, laughing and affectionate", says the source, adding that it was just the two of them at dinner.
Further, the At a Glance widget remains in the homepage itself whereas the Google Search Bar is displayed on all the pages. However, most everything else, including App Shortcuts and the new "at a glance" widget, seems to be working as it should.
Prior to her announcement, she said she wanted to "heal ME ", a comment read by some as a swipe at LePage's polarizing style. Collins has been in the Senate since 1996 and is in her fourth six-year term. "This decision has not been any easy one".
Police say Farber was last seen in the City of Juneau and was wearing a green shirt, khaki trousers , and orange croc shoes. An inmate from the Dodge County Jail who should be considered risky escaped early Friday morning, officials said.
S. Korea, China extend currency swap deal
President Moon Jae-in said last month that a successful Chinese currency swap extension would be "a sign of improving relations". The agreement douses speculation that negotiations had been bogged down by a dispute over the installment of a U.S.
Brokers Recommendations on: Pier 1 Imports, Inc. (PIR)
Investors analyze price earnings ratio (P/E) ratio that helps how much they should pay for a stock based on its current earnings. The formula is calculated by looking at companies that have a high earnings yield as well as a high return on invested capital.
Fox Entertainment Group Inc (NASDAQ:FOX) Sentiment Report
Needham & Company LLC reaffirmed a "hold" rating on shares of Twenty-First Century Fox in a research note on Thursday, May 11th. Five equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock.
Flight 666 to HEL makes its final Friday 13th trip
Fearless flyers will laugh in the face of superstition today when they board the last ever Flight 666 to HEL on Friday the 13th . Flight 666 will fly 15 more times overall until October 29 when the number will change to AY954 - altogether much less spooky.
Bank of America's third-quarter profit rises 13 percent
Buffett has publicly praised Bank of America chief Brian Moynihan and said his firm plans to be a shareholder for a long time. Earnings per share was up 48 United States cents from 41 USA cents, ahead of market expectations for 45 U.S. cents a share.
Possible sonic attacks against USA embassy employees in Cuba
The Cuban government has denied all knowledge or involvement in the attacks, calling the USA move "hasty" and "irresponsible". According to the US State Department, 22 American embassy employees in Cuba have suffered physical damage from a risky sound.