Reliance Industries Limited Announces Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2017
January 19, 2018 at 06:46 pm IST
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Reliance Industries Limited announced unaudited standalone and consolidated earnings results for the third quarter and nine months ended December 31, 2017. For the quarter, on consolidated basis, the company reported revenue from operations of INR 1,025,000 million against INR 841,890 million a year ago. Profit before share of profit of associates and joint ventures exceptional items and tax was INR 131,810 million against INR 103,130 million a year ago. Profit before tax was INR 132,200 million against INR 102,400 million a year ago. Net profit for the period was INR 94,450 million against INR 75,240 million a year ago. Net profit attributable to owners of the company was INR 94,230 million compared to INR 75,330 million a year ago. Diluted earnings per share (not annualized) were INR 15.96 compared to INR 12.74 a year ago. PBDIT was INR 198,450 million against INR 142,370 million a year ago. The capital expenditure was INR 173,360 million including exchange rate difference capitalization. Capital expenditure was principally on account of Digital Services business, balance of expenditure for projects in the petrochemicals and refining business at Jamnagar and in Organized Retail business.
For the nine months, on consolidated basis, the company reported revenue from operations of INR 2,881,220 million against INR 2,372,910 million a year ago. Profit before share of profit of associates and joint ventures exceptional items and tax was INR 350,260 million against INR 298,830 million a year ago. Profit before tax was INR 361,800 million against INR 297,800 million a year ago. Net profit for the period was INR 266,210 million against INR 217,800 million a year ago. Net profit attributable to owners of the company was INR 266,400 million compared to INR 218,550 million a year ago. Diluted earnings per share (not annualized) were INR 44.97 compared to INR 36.97 a year ago. PBDIT was INR 524,330 million against INR 413,650 million a year ago.
For the quarter, on standalone basis, the company reported revenue from operations of INR 759,130 million against INR 666,060 million a year ago. Profit before tax was INR 117,990 million against INR 106,210 million a year ago. Net profit for the period was INR 84,540 million against INR 80,220 million a year ago. Diluted earnings per equity share were INR 13.39 compared to INR 12.68 a year ago. PBDIT increased by 12.8% to INR 153,680 million.
For the nine months, on standalone basis, the company reported revenue from operations of INR 2,181,080 million against INR 1,904,430 million a year ago. Profit before tax was INR 338,180 million against INR 307,700 million a year ago. Net profit for the period was INR 249,150 million against INR 232,740 million a year ago. Diluted earnings per equity share were INR 39.32 compared to INR 36.80 a year ago.
Reliance Industries Ltd is a diversified group organized around 6 areas of activity:
- refining of petroleum products (58.4% of net sales): liquefied petroleum gas, propylene, naphtha, gasoline, kerosene, etc. At the end of March 2021, the group operated a refinery in India. The group also produces petrochemicals (polyethylene, polypropylene, polyvinyl chloride, polyester, purified terephthalic acid, paraxylene, ethylene, olefins, benzene, butadiene, acrylonitrile and caustic soda);
- distribution of consumer products (28.3%): distribution of food products, clothing and accessories, consumer electronics, etc. through a network of 12,711 stores in India;
- digital services (5.1%);
- exploration and production of crude oil and natural gas (0.3%);
- financial services (0.2%);
- other (7.7%): telecommunications and media services, textile manufacturing, etc.
India accounts for 61.5% of net sales.
Reliance Industries Limited Announces Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2017