Reliance Industries Limited is an Indian conglomerate headquartered in Mumbai, Maharashtra. Below are the unaudited financial results produced by the company for the quarter ending June 30, 2018.
- The revenue for the quarter ending stood at ₹141,699 cr, a 9.7% increase from the previous quarter. And a 56.7% increase YoY with respect to June 30, 2017.
- Net profits are at ₹9,459 cr, a 0.3% increase from the previous quarter and 17.9% increase YoY.
- Debt rose from ₹218,763 cr in the previous quarter to ₹242,116 cr this quarter.
- Expenditures increased by 46.6% to ₹15,143 cr when compared to ₹10,332 cr in June 2017. Owing to the commissioning of petrochemical project in Jamnagar.
- Moody’s have rated them with Baa2 and S&P gave a BBB+ rating. These ratings signify adequate capacity to meet its financial needs. However adverse economic conditions or changing circumstances could weaken repayments.
- Reliance Jio saw a surge in their subscriber count with a net additional of 28.7 million from 26.5 million the previous quarter.
- RIL subsidiaries include Refinery and Marketing Business, Petrochemical Business, Oil and Gas Business, Organized Retail Business, Media Business and Digital Services Business.
Given below is the segment wise revenue generated this quarter
|
Segment |
Q1 FY19 (in cr) |
% change w.r.t Q4 FY18 |
| Refinery and Marketing Business | ₹95,646 | 2.3 |
| Petrochemical Business | ₹40,287 | 5.7 |
| Oil and Gas Business | ₹1,432 | 92 |
| Organized Retail Business | ₹25,890 | 7.1 |
| Media Business | ₹1,124 | 36.2 |
| Digital Services Business | ₹9,653 | 14.6 |
Commenting on the results, Mukesh Ambani Chairman and Managing Director of RIL said, ‘we continue to focus on strong delivery through operational excellence in our portfolio of businesses. The scalability of our consumer business platforms is driving unprecedented value generation for our customers, our country and our shareholders’.