INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Reliance Industries (RIL) on Friday posted a record quarterly profit at Rs 9,459 crore for the quarter ended June 30 on the back
in our portfolio of businesses
Financial results of 1Q FY19 underscore the strength of the petrochemicals that we reinforced over the last investment cycle
Our petrochemicals business generated record EBITDA with strong volumes and an upswing in polyester chain margins," said Chairman Mukesh
Ambani.
Here are 10 key takeaways from RIL's financial results
ProfitReliance Industries on Friday posted 3.85 per cent rise in profit at Rs 9,459 crore for the quarter ended June
It had posted a net profit of Rs 9,108 crore in the corresponding quarter last year
ETNow poll had predicted a profit of Rs 9,554 crore.
RevenueConsolidated revenue from operation increased 46.98 per cent year-on-year basis
to Rs 1,33,069 crore for the quarter under review against Rs 90,537 crore reported for the same period last year.
GRMGross refining margin
(GRM) stood at $10.5 a barrel against $11.90 a barrel in the same quarter last year
The figure was at $11 per barrel in the sequential quarter ended March 31, 2018.
Reliance JioReliance Jio reported net profit of Rs 612
crore for Q1 of FY19 over Rs 510 crore reported for the sequential quarter ended March 31, 2018
Average revenue per user (ARPU) fell to Rs 134.50 from Rs 137 QoQ per subscriber per month
Jio continued its strong subscriber growth trend with net addition of 28.7 million against 26.5 million in March quarter, highest in any
quarter since the launch of commercial services.
RetailReliance Retail recorded a sharp 124% increase in revenue at Rs 25,890 crore and
Digital Services business contributed Rs 9,653 crore for the quarter
Reliance Brands, a subsidiary, has purchased 100% stake in Rhea Retail, which is in the business of selling products in India for expectant
gas production for India.
EPSBasic earnings per share (EPS) for the three months to June 30 was Rs 16 against Rs 13.5 in the corresponding
period of the previous year.
DebtOutstanding debt as of June 30, 2018 stood at Rs 2,42,116 crore compared with Rs 218,763 crore as of March
31, 2018.
Cash and cash equivalentsThe figure stood at Rs 79,492 crore for the quarter ended June 2018 compared with Rs 78,063 crore as of
These were in bank deposits, mutual funds, CDs, govetnment bonds and other marketable securities.
CapexThe capital expenditure (capex) for
the quarter ended June 30, 2018 stood at Rs 33,267 crore, including exchange rate difference.
