INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Oil-to-telecom behemoth Reliance Industries on Friday reported Rs 9,435 crore profit for the March quarter -- its highest ever
The numbers came in line with market expectations.
Below are the key takeaways from the Q4 earnings.
Net profitRIL posted 17.30 per cent
year-on-year rise in net profit at Rs 9,435 crore for the March quarter
The figure stood at Rs 8,046 cr ore in the same period last year.
RevenueTop line increased by 39 per cent to Rs 1,29,120 crore in the said
quarter over Rs 92,889 crore in Q4 FY17
The rise in revenue is primarily on account of volume increase with start-up of petrochemicals projects and oil price related increase in
realisations for refining and petrochemical products
Revenue from the refining and marketing segment during the quarter under review increased an annual 29.8 per cent to Rs 93,519 crore, led by
24.2 per cent higher crude oil prices
Revenue from the petrochemicals segment swelled 43.90 per cent to Rs 38,113 crore in January-March on the back of higher volume and
prices.
Gross refining marginsGRM for Q4 FY18 stood at $11 per bbl as against $11.5 a year earlier
to March compared with 17 per cent in the December quarter
Petchem margin stood at 13 per cent in Q4 FY17.
CapexCapital expenditure for the quarter ended March stood at Rs 21,072 crore, including
Capital expenditure was principally on account of digital services business, balance of expenditure for projects in the petrochemicals and
refining business and organised retail space.
EPSEarnings per share (EPS) for the March quarter grew 16.90 per cent yoy to Rs 15.90, from Rs
The corresponding figure was Rs 16 in the quarter ended December 2017.
Updates on JioReliance Jio Infocomm, the telecom arm of Reliance
Industries, reported a sequential growth of 1.20 per cent in net profit at Rs 510 crore for the March quarter
The company had logged a net profit of Rs 504 crore in October-December of 2017.
Mukesh Ambani, Chairman and Managing Director, Reliance
Jio business model and ability to offer the most value to our customers and partners
Jio has demonstrated that it can scale and sustain its strong financial performance
Jio is now the world largest data network."
Abhijeet Bora, Research Analyst, Sharekhan, said: "Reliance Jio net profit remained largely flat
on sequential basis as decline in APRU was offset by strong subscriber addition
We maintain our 'Buy' rating on RIL."
ARPUAverage revenue per user (Arpu) during the quarter in question stood at Rs 137.1 as against Rs 154
in October-December of 2017
The figure slipped because of price revision in January.
News for shareholdersThe board recommended a dividend of Rs 6 per share on face
value of Rs 10 each.
Debt and cashOutstanding debt as of March-end stood at Rs 2,18,763 crore compared with Rs 1,96,601 crore a year earlier
Cash and cash equivalents increased to Rs 78,063 crore from Rs 77,226 crore during the same period.
Updates on KG-D6KG-D6 field produced
0.167 million barrels of crude oil and 13.7 BCF of natural gas in Q4 FY18
Both were lower by 41 per cent on a yearly basis
Fall in oil and gas production was mainly on account of natural decline, coupled with underperformance and closure of wells due to water and
