Reliance's Rs 53,125 crore issue will be issued for one share per 15 shares

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- Digital services revenue rises 20% to Rs 12.5 crore

- Retail business revenue rises 2.4 per cent to Rs 2,711 crore

(Commercial Representative) Mumbai Ta. 30 April 2020, Thursday


Reliance Industries Ltd has reported weaker-than-expected results for the fourth quarter ended April 30, 2020, due to the impact of the Corona epidemic and the extraordinary liability for additional license fees. On a consolidated basis, the company's net profit fell 2.4 per cent to Rs 5 crore from Rs 10.7 crore in the year-ago period. This is a decrease of 2.31 per cent from Rs 11,31 crore in the third quarter.

Prior to the extraordinary other provision, the company's net profit rose 2.6 per cent to Rs 10,612 crore from Rs 10.8 crore. That's down 10 per cent from Rs 13,017 crore in the third quarter. The company has declared a dividend of Rs 2.50 per share. With this, the company has decided to issue 15 shares to shareholders at a price of Rs 19 per share (1:12 ratio). The size of this issue will be Rs 3,12 crore. The company has made a provision of Rs 2 crore in the fourth quarter for the extraordinary item.

Total revenue of the company declined by 4.5 per cent to Rs 1,31,605 crore from Rs 1,3,161 crore in the year-ago period. This is a decrease of 10.6 per cent over Rs 1,2,05 crore in the third quarter. Refining margins have risen to ૮ 4.5 a barrel this time, up from ૨ 2.8 a barrel in the same period last year. Which was 2.7 in the third quarter.

Reliance Industries Chairman Mukesh D. Commenting on the company's results, Ambani said, "I am heartened by the extraordinary response of Reliance to the circumstances created by the Kovid-12 epidemic at a time when India and the world are facing the biggest challenge." I firmly believe that the value of human life in the world is of no special value. Reliance Foundation, Reliance Retail, Geo, Reliance Industries and all other members of the Reliance family are working in coordination with both the Central and State Governments as well as at the local level. In these challenging circumstances, the company has once again given strong performance for the financial year 2018-20.

Reliance's consolidated retail business quarterly revenue rose 2.6 per cent to Rs 3,611 crore from Rs 2.7 crore. EBITDA rose 4.5 per cent to Rs 206 crore. In the digital services business, the company's revenue grew by 20 per cent to Rs 12.5 crore from Rs 12.5 crore. Of this, EBITDA has increased by Rs 2 crore from Rs 5 crore to Rs 5,106 crore. The number of subscribers has increased from 20.5 crore to 4.5 crore. Revenue from the refining-marketing business fell 2.6 per cent to Rs 2.7 crore from Rs 2.7 crore. The petrochemicals business's quarterly revenue fell 2.1 per cent to Rs 4,605 ​​crore from Rs 2,915 crore. EBITDA is down 2.4 per cent from Rs 21 crore to Rs 5 crore.

Reliance Industries' consolidated net profit for the full financial year 2015-16 increased by 11.5 per cent to Rs 2.8 crore from Rs 2.8 crore before the extraordinary other provision and by 0.1 per cent to Rs 4.5 crore after provision. 3,50 crore. Total revenue rose 4.5 per cent to Rs 2,8,605 crore from Rs 2,8,617 crore.

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