INSUBCONTINENT EXCLUSIVE:
Mumbai: Oil-to-telecom conglomerate Reliance Industries (RIL) on Friday posted its highest-ever quarterly profit for the October-December
period at Rs 11,640 crore, recording a 13.5 per cent bottom line expansion from a year ago on strong show by its retail and telecom
We saw consistent same-store sales growth and record footfalls across our stores driven by our compelling proposition of great shopping
experience and superior value
Jio is focused on giving unmatched digital experience to consumers on a nationwide basis at most affordable price, and accordingly it is
results for our energy business reflects weak global economic environment and volatility in energy markets
Within our O2C chain, downstream petrochemicals profitability was impacted by weak margins across products with subdued demand in
Performance of the refining segment improved in a difficult operating environment given our continuous focus on cost positions, high
reported Rs 13,968 crore standalone revenue from operations, and a standalone net profit of Rs 1,350 crore
The subscriber base as on December 31 stood at 370 million, up 32.1 per cent from a year ago
Average revenue per user (Arpu) for the quarter came in at Rs 128.4 per subscriber per month.
Showstopper retail business:Reliance Retail,
Ebitda for the quarter came in at Rs 2,727 crore, growing 62.3 per cent year-on-year (YoY) while margin on net revenue expanded 140 basis
points (bps), from 5.3 per cent to 6.7 per cent
year, within which consumer electronics, fashion - lifestyle and grocery segments combined delivered accelerated growth of 35.7 per
cent.
Overall revenue declines: RIL logged total revenue of Rs 1,68,858 crore, down 1.4 per cent from Rs 1,71,300 crore reported for the
corresponding period a year ago
The drop in revenue was primarily on account of a 10.6 per cent drop in O2C business revenues, due to lower product price realisations and a
6.6 per cent fall in Brent crude price.
Refining and marketing business sees revenue drop: Q3FY20 revenue from the refining and marketing
segment declined by 7.2 per cent YoY to Rs 1,03,718 crore while Segment EBIT increased by 11.9 per cent YoY to Rs 5,657 crore with higher
throughput and better gross refining margins (GRMs)
19.1 per cent YoY to Rs 36,909 crore due to lower price realizations across product categories
Petrochemicals segment EBIT was at Rs 5,880 crore, down 28.5 per cent YoY, with significant decline in margins to near trough level for most
petrochemicals products, as a result of new capacity, inventory overhang and global demand slowdown.
Oil - gas business sees fall in
revenue: Revenues for the oil - gas segment decreased by 26.1 per cent YoY to Rs 873 crore
The segment performance continued to be impacted by declining volume and prices.
Debt pileup: Outstanding debt as on December 31 stood at Rs
3,06,851 crore compared with Rs 2,87,505 crore as on March 31.
Cash balances rise: Cash and cash equivalents as on December 31, were at Rs
1,53,719 crore compared with Rs 1,33,027 crore as on March 31.
EPS gains: Basic earnings per share (EPS) for the quarter ended December was
Rs 18.4 as against Rs 17.3 reported for the corresponding period of the previous year.
