Reliance Industries will now announce its June quarter earnings on July 30 instead of July 24. This pertains to the numbers for the Jun-20 quarter. Even the meeting of the board of directors of Reliance will be held on 30 July post which the results will be announced post approval. The exactly reason for the postponement is not known.

RIL has faced some pressure on the GRM front in the previous quarter and it is expected to report improvement in margins in the first quarter of this fiscal. The sharp gain in inventory valuations due to the bounce in oil price since April is likely to enable RIL to report GRM of $9.0/bbl. Indian refiners have also gained from discounts during the quarter.