- Revenue in petrochemical business decreased by 19.1%; But 36.2% in digital, 27.4% growth in retail.
- Jio’s profits rose 62.5% to Rs 1350 crore, average revenue per user Rs 128.4
Reliance Industries Limited (RIL) reported a profit of Rs 11,640 crore in the October-December quarter. This is the highest ever. Profit has increased by 13.5% year-on-year and 3.4% quarterly. There was a profit of Rs 11,262 crore in the July-September quarter and Rs 10,251 crore in the December quarter of 2018.
Reliance Industries Limited (RIL) reported a profit of Rs 11,640 crore
The company announced its quarterly results on Friday. The company’s gross refining margin was $9.2 per barrel. 9.4 in the September quarter and $8.8 in the December quarter of 2018.
Jio profits up 62.5%, revenue up 28%
RIL’s telecom company Reliance Jio reported a profit of Rs 1,350 crore in the December quarter. This is higher by 62.5% year-on-year and 36.4% on a quarterly basis. The profit was Rs 990 crore in the July-September quarter and Rs 831 crore in the December quarter of 2018. Operating revenue stood at Rs 13,968 crore. It registered a 6.4% growth over the September quarter and 28.3% growth over the December quarter of 2018.
Jio subscribers till 31 December: 37 crores (32.1% growth annually)
Average Revenue Per User (APRU) in December quarter: Rs 128.4 per month
Mobile data traffic in December quarter: 1,208 million GB (39.9% annual growth)
Voice traffic in December quarter: 82,640 million minutes (30.3% growth annually)
3 lakh 6 thousand 851 crore loan on the company
The company has reported so much debt in the quarter ended December 31. As of 31 March, the loan amount was 2 lakh 87 thousand 505 crore rupees. At the end of December quarter, the company had cash of Rs 1 lakh 53 thousand 719 crores. As of 31 March 2019, cash of 1 lakh 33 thousand 27 crore was present. Reliance Industries Chairman Mukesh Ambani said on the results that the profitability of the petrochemicals business was affected due to the sluggish economic environment worldwide and fluctuations in the energy market. But, it is heartening that the consumer business is touching new dimensions every quarter.
RIL shares gain 2.79%
The stock closed at 1,580.65, up 2.79% on Friday on the BSE. The NSE closed 2.80% higher at Rs 1,581. The company announced the results after the stock market closed. Therefore, the impact of the results on the stock will be seen on Monday.
