Reliance Industries Q1FY20: Retail and Jio drive the show, traditional businesses feel the heat
Reliance Industries (RIL) reported mixed set of numbers in Q1FY20 where traditional businesses were weaker, but largely in line with global trend. Gross refining margin (GRM) at $8.1 per barrel was a miss on street expectations. Jio continues to meet expectations in terms of its quarterly performance. Despite slower pace of customer addition, strong competition … Read more