Rs172.6bn on back of strong refining margins (GRMs up +USD1.8/bbl) and inventory gains of Rs215bn, even as marketing segment earnings will report losses. Upstream players will benefit from higher crude (+USD20/bbl QoQ)). RIL's standalone earnings will grow 23% QoQ, given higher refining profitability. CGD earnings (+25%QoQ) will recover led by higher margins...