28 July 2018 Refining EBIT stood at INR52b (-18% YoY, -7% QoQ), with GRM Premium over Singapore complex stood at USD4.4/bbl. grew 94% YoY (+22% QoQ) to INR77b, led by favorable margins and strong volume growth. EBIT margin of 20% was higher than 17% in 1QFY18/4QFY18, primarily due to firm polyester chain deltas, stable polymer deltas, feedstock cost optimization, and a superior product mix. Production volumes were higher on account of ramp-up of ROGC. RIL reported E&P; EBIT loss of INR2.5b v/s loss of INR2.3m in 1QFY18 and INR4.2b in 4QFY18. KG-D6 gas production declined to 4.1mmscmd (-35% YoY, -3.4% QoQ). Shale gas production was down to 23.8bcfe (-31% YoY/QoQ) due to natural decline and temporary shut-in of wells.