Reliance Industries in it's later quarterly results hinted that the 5% decline in profit YoY was due to decline in the oil-to-chemical (O2C) segment of the company facing some challenges due to slowing global demand and low gas realizations leading to revenue dropping 6% from this segment.
I expected Reliance Industries to do have good EBIDTA margins since oil prices have been consistently lower.
My question is since the oil and gas refining companies are ramping up production of petrochemicals., is there a shift in these companies strategy from exports to meeting local industrial needs and the impact of the EBIDTA margin impact due to change in approach?
Reliance Industries in it's later quarterly results hinted that the 5% decline in profit YoY was due to decline in the oil-to-chemical (O2C) segment of the company facing some challenges due to slowing global demand and low gas realizations leading to revenue dropping 6% from this segment.
I expected Reliance Industries to do have good EBIDTA margins since oil prices have been consistently lower.
My question is since the oil and gas refining companies are ramping up production of petrochemicals., is there a shift in these companies strategy from exports to meeting local industrial needs and the impact of the EBIDTA margin impact due to change in approach?
bye
tester here
good bye
good bye