INSUBCONTINENT EXCLUSIVE:
Oil-to-telecom behemoth Reliance Industries (RIL) on Friday reported its highest-ever quarterly profit at Rs 11,262 crore for the quarter
ended September 2019, beating analysts estimate of Rs 11,000 crore.
Consolidated bottomline of the company grew 18.30 per cent YoY on a 4.80
per cent YoY increase in top line
Consumer business formed one-third of the groups total Ebitda in Q2.
Here are the key takeaways from RIL's Q2 earning:Jio rings in solid
numbersRIL's telecom arm Reliance Jio crossed Rs 5,000 crore quarterly EBITDA mark for the first time
The figure jumped 10.20 per cent YoY to Rs 5,166 crore
Net profit of the vertical advanced 11.10 per cent YoY to Rs 990 crore
EBITDA margin jumped 315 basis points to 41.80 per cent
However, average revenue per user (Arpu) fell fell to Rs 120 from Rs 122 , marking a fall for the seventh consecutive quarter
Rs 40,000 crore mark for the first time ever
The figure jumped 27 per cent YoY to Rs 41,202 crore in Q2FY20 over Rs 32,436 crore in Q2FY19
With this, Reliance Retail revenue grew 7 times and Ebitda 10 times in last 14 quarters
EBIT margin increased to 4.90 per cent from 3.80 per cent year on year
All core retail consumption baskets grew in strong double-digits, RIL said
By the end of the quarter, Jio emerged leader both in terms of subscribers and revenue.
Petchem revenue down, output upRevenue from
petrochemicals operations slipped 11.90 per cent YoY to Rs 38,538 crore during the quarter under review along with a 6.40 per cent fall in
Margins, however, increased to 19.70 per cent from 18.60 per cent in Q2FY19
The company reported its highest-ever production of petrochemicals at 9.9 million tonnes (mmt) for the quarter against 8.7 mmt and 9.4 mmt
reported for Q1FY20 and Q2FY19
weaker petrochemical product margins, which was offset by record petrochemical production and cost optimisation through light-feed
All gasified units safely commissioned and stabilised while R-cluster development work is on track, the company said.
Refining - marketing
revenue dropsRevenue from R-M segment declined 1.60 per cent YoY to Rs 97,229 crore in Q2FY20
Gross refining margin declined to $9.40 per barrel from $9.50 per barrel YoY
The figure stood at $8.1 a barrel in the previous quarter ended June 2019
The segment EBIT decreased 6.90 per cent YoY to Rs 4,957 crore due to lower GRM and narrow light-heavy crude differentials.
Volume drop
hurts oil - gasTopline from this segment did not contribute much to RIL's top line
The segment revenue declined 40.20 per cent YoY to Rs 790 crore
EBIT margin came in at -38.70 per cent in Q2FY20 over -36.30 per cent in Q2FY19
jumped 42.70 per cent YoY to Rs 15,619 crore
The segment EBIT jumped 62.70 per cent YoY to Rs 3,322 crore in Q2FY20.
Outstanding debt jumpsThe figure jumped to Rs 2,91,982 crore as of
September 30 against Rs 2,87,505 crore as of March 31.
Cash and cash equivalentCash and cash equivalents grew to Rs 1,34,746 crore on
September 30 from Rs 1,33,027 crore on March 31.
CapexThe capital expenditure for the quarter stood at Rs 19,095 crore for the quarter ended
