Reliance's quarterly results: profit rose 13.5 per cent to record Rs 11640 crore

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(Commerce Rep) Mumbai, Ta. January 17, 2020, Friday

Oil-to-Telecom giant Reliance Industries Ltd. has announced the expected results for the third quarter ended December 1, 2015. On a consolidated basis, the company's net profit increased by 8% to Rs. 8 crore from Rs. Consolidated revenues have dropped to Rs 2,4,5 crore as compared to Rs.

Reliance Jio's quarterly revenue increased by 8.5% to Rs. While the net profit increased by 8.5 percent to Rs 1 crore. The number of subscribers of Reliance Jio has increased by 8.5 percent at the end of December 1, to 8 million. The ARPU for this quarter is Rs.5 per month. Total wireless data traffic increased 5.2 percent to 10 million GB in the quarter.

Reliance Retail's quarterly revenue increased by 8.5% to Rs. Of which, the net profit increased by 8.5% to Rs. The company opened 3 new stores in the third quarter. With this, the number of stores has increased to 3,4. It operates in an area of ​​3 million square feet.

In the refining and marketing business, the company gross gross refining margin (GRM) increased to $ 1.8 per barrel from the same period last year. Which earned $ 1.8 in the second quarter. Revenues in this segment have declined by 8% to Rs. While Ibita has increased by 8.5% to Rs 5 crore compared to Rs 1 crore.

In the petrochemicals business, the company's revenue declined by 8% to Rs. 8 crore compared to Rs. In which, EBITA declined by 8% to Rs. 5 crore compared to Rs. Revenues in the media business have declined by 5% to Rs 5 crore compared to Rs 1 crore. EBITA has increased by 5.9% to Rs. 5 crore from Rs. Revenues in the oil-gas exploration business have declined by 5 percent to Rs 5 crore from Rs 5 crore. Ibita has dropped from Rs 1 crore to Rs 8 crore.

Mukesh D., chairman and managing director of Reliance Industries. Ambani said about the results, the quarterly results show the impact of poor global economic conditions in the company's NGO business and volatility in the NGA markets. The profitability of the O to Sea chain, downstream petrochemicals, has been affected by weak margins along with weak demand. The performance of the refining segment has improved during the difficult operating period due to the continued focus on cost of the company, high operating rate and product placement.

With the company's consumer business flourishing, the company has set new milestones each quarter. The same store has seen steady sales growth and has recorded record footfall of customers. Reliance Jio is focusing on providing customers with an incredible digital experience at an affordable price nationwide and expanding network capacity to meet demand.


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