Another stellar quarter for RIL: 10 key takeaways from Q3 earnings
, ETMarkets.com|
Jan 19, 2018, 07.43 PM IST
NEW DELHI: Reliance Industries reporter better-than-expected results for the quarter ended December 31, 2017. Where net profit of the company soared 25 per cent year-on-year, its telecom arm Reliance Jio turned profit able during the quarter goneby.
Shares of the company settled 1.09 per cent up at Rs 929.35 on Friday. The company were announced the results post market hours.
Below are 10 quick takeaways from RIL's Q3 numbers:
Net profit: Bottomline figures of the company surged 25.10 per cent year-on-year to Rs 9423 crore in Q3FY18 over Rs 7,533 crore in Q3FY17.
Revenue: Topline figures climbed 30.50 per cent year-on-year to Rs 1,09,905 crore during the quarter under review. It had posted revenue of Rs 84,189 crore in the same quarter last year.
GRM: Gross Refining Margins (GRM) for 3Q FY18 stood at $11.6/bbl as against $10.8/bbl in 3Q FY17. The company's GRM outperformed Singapore complex refining margins by $4.4/bbl.
Petchem revenue: For the quarter ended December 31, 2017, revenue from the petrochemicals segment increased by 47.6 per cent Y-o-Y to Rs 33,726 crore ($ 5.3 billion) due to higher volumes and prices. Petrochemicals segment EBIT was at a record level of Rs 5,753 crore ($ 901 million) supported by strong volume growth, higher margins for Polypropylene and downstream polyester products. The volume growth was led by the world's largest ROGC coming on-stream along with downstream LDPE, LLDPE and MEG plants.
Oil & Gas segment: 3Q FY18, revenue for the oil & gas segment increased by 34.2 per cent YoY to Rs 1,631 crore due to commencement of CBM production and higher oil and gas price realisation.
Jio turned profitable: Telecom arm Reliance Jio reported a net profit of Rs 504 crore for the quarter ended December 31, 2017 aginst net loss of Rs 271 crore in the sequential quarter ended September 30, 2017. EBITDA and Operting revenue of Jio climbed 82.10 per cent and 11.90 per cent on quarter on quarter basis to Rs 2628 crore and Rs 6879 crore, respectively. Average revenue per user (Arpu) came at Rs 154 per subscriber per month.
Mukesh D Ambani, Chairman and Managing Director, Reliance Industries in a release said, "Jio's strong financial result reflects the fundamental strength of the business, significant efficiencies and right strategic initiatives. Jio has demonstrated that it can sustain its strong financial performance."
Outstanding debt: RIL's outstanding debt stood at Rs 213,206 crore as of December 31, 2017 compared to Rs 196,601 crore as on March 31, 2017.
Cash and cash equivalents: Cash and cash equivalents of the company stood at Rs 78617 crore as of December 31, 2017 compared to Rs 77,226 crore as on March 31, 2017. These were in bank deposits, mutual funds, CDs, government bonds and other marketable securities.
EPS: Basic earnings per share (EPS) for the quarter ended December 31, 2017 stood at Rs 16 as against Rs 12.8 in the corresponding period of the previous year.
Credit rating: RIL retained its domestic credit ratings of "CRISIL AAA" from CRISIL and "Ind AAA" from India Rating and an investment grade rating for its international debt from Moody's as Baa2 and BBB+ from S&P.
Shares of the company settled 1.09 per cent up at Rs 929.35 on Friday. The company were announced the results post market hours.
Below are 10 quick takeaways from RIL's Q3 numbers:
Net profit: Bottomline figures of the company surged 25.10 per cent year-on-year to Rs 9423 crore in Q3FY18 over Rs 7,533 crore in Q3FY17.
Revenue: Topline figures climbed 30.50 per cent year-on-year to Rs 1,09,905 crore during the quarter under review. It had posted revenue of Rs 84,189 crore in the same quarter last year.
GRM: Gross Refining Margins (GRM) for 3Q FY18 stood at $11.6/bbl as against $10.8/bbl in 3Q FY17. The company's GRM outperformed Singapore complex refining margins by $4.4/bbl.
Petchem revenue: For the quarter ended December 31, 2017, revenue from the petrochemicals segment increased by 47.6 per cent Y-o-Y to Rs 33,726 crore ($ 5.3 billion) due to higher volumes and prices. Petrochemicals segment EBIT was at a record level of Rs 5,753 crore ($ 901 million) supported by strong volume growth, higher margins for Polypropylene and downstream polyester products. The volume growth was led by the world's largest ROGC coming on-stream along with downstream LDPE, LLDPE and MEG plants.
Oil & Gas segment: 3Q FY18, revenue for the oil & gas segment increased by 34.2 per cent YoY to Rs 1,631 crore due to commencement of CBM production and higher oil and gas price realisation.
Jio turned profitable: Telecom arm Reliance Jio reported a net profit of Rs 504 crore for the quarter ended December 31, 2017 aginst net loss of Rs 271 crore in the sequential quarter ended September 30, 2017. EBITDA and Operting revenue of Jio climbed 82.10 per cent and 11.90 per cent on quarter on quarter basis to Rs 2628 crore and Rs 6879 crore, respectively. Average revenue per user (Arpu) came at Rs 154 per subscriber per month.
Mukesh D Ambani, Chairman and Managing Director, Reliance Industries in a release said, "Jio's strong financial result reflects the fundamental strength of the business, significant efficiencies and right strategic initiatives. Jio has demonstrated that it can sustain its strong financial performance."
Outstanding debt: RIL's outstanding debt stood at Rs 213,206 crore as of December 31, 2017 compared to Rs 196,601 crore as on March 31, 2017.
Cash and cash equivalents: Cash and cash equivalents of the company stood at Rs 78617 crore as of December 31, 2017 compared to Rs 77,226 crore as on March 31, 2017. These were in bank deposits, mutual funds, CDs, government bonds and other marketable securities.
EPS: Basic earnings per share (EPS) for the quarter ended December 31, 2017 stood at Rs 16 as against Rs 12.8 in the corresponding period of the previous year.
Credit rating: RIL retained its domestic credit ratings of "CRISIL AAA" from CRISIL and "Ind AAA" from India Rating and an investment grade rating for its international debt from Moody's as Baa2 and BBB+ from S&P.
