RIL's net profit increased by 20% to Rs 18,000 million in the fourth quarter

RIL’s net profit increased by 20% to Rs 18,000 million in the fourth quarter – Mail Bonus

Mumbai: Reliance Industries Ltd (RIL), India’s largest company by market value, reported a profit of £ 18.021 million on Friday, up almost a fifth from the previous year, with increased revenues from oil for chemicals, telecommunications and retail. part. Net profit exceeded the estimates of analysts at the company, which accounts for almost one-seventh of the Nifty 50 index.

The group’s total revenue increased by 35% from the previous year to £ 2.32 million in the quarter ended March. A Bloomberg analyst survey had linked the group’s profit to £ 16,819.7 million in net sales of £ 2.15 million.

“Despite the persistent challenges of the pandemic and the growing geographical uncertainty, Reliance has delivered strong performance in 2021-2022,” said Chairman and CEO Mukesh Ambani in a statement. “I am pleased to announce strong growth in our digital services and retail segment. Our O2C business has proven its resilience and has shown significant recovery despite fluctuations in energy markets.”

Reliance reported the Ebitda Group, or operating profit, of £ 33,493 million in the January-March quarter.

In the financial year ended 31 March 2022, the company’s revenue amounted to 7.92 lakh crore ₹ 7.92 million ISK and amounted to 100 billion dollars. Fiscal net profit was £ 67,845 million, an increase of 26%.

The company’s board has recommended a dividend of £ 8 per share.

Shares of RIL decreased by 0.74% to INR 2,621.15 on the BSE index on Friday. The Sensex benchmark decreased by 1.56%. The profit was announced after the transaction ended in Mumbai.

Revenue from oil-to-chemical trade rose by 44.2% in a row to £ 145,786 million, primarily due to higher imports due to a sharp rise in crude oil prices – Brent crude oil prices rose by 66.5% year-on-year to $ 101.4 / bbl. Product volume increased by 4.2%, with a steady improvement in demand. Share revenue growth was also supported by 7.5% higher volumes, which mainly led to transport fuel. The recovery in Asian demand, European supply uncertainty due to geographical conflicts and limited Chinese exports and low inventory volumes also contributed to cracks in transport fuels.


Higher gas price implementation

Domestic demand for polymers improved during the quarter with general economic progress and easing of pandemic restrictions. At 4F FY22, aggregate demand improved by 3% year-on-year, or 16% above the Covid limit.

Higher gas prices in KG D6 and CBM (carbonaceous methane) supported revenue for research and production, and sales more than doubled to Rs 2,008 million. The share of ebitda increased significantly to Rs 1,556 million, with an ebitda margin of 77.5%. KGD6 gas production (RIL share) for the quarter was 37.7 BCF (trillion cubic feet) compared to 15 BCF a year ago. During the quarter, the average price of gas for KGD6 was $ 6.13 / MMBTU (million British units of heat) compared to $ 3.99 / MMBTU a year ago.

Jio Platforms Ltd (JPL) reported a nearly 23% increase in fiscal growth in the fourth quarter, driven by higher data and voice usage and rising average revenue per user (ARPU). The subscriber group of mobile phone users contracted for the third quarter in a row, which reflects the compression of SIM cards, especially in the lower part of the user group.

For the March quarter, JPL’s net profit amounted to Rs 4,313 million, compared to Rs 3,795 million in the December quarter and Rs 3,510 million a year ago, the company said.

ARPU rose steadily to Rs 167.6 from Rs 151.6 in the first quarter, triggered by “a better mix of subscribers and an increase in its fiber-optic to-home service (read: JioFibre home broadband operations),” the company said. Reliance Retail returned its best quarterly revenue ever and even surpassed the festive quarter. It generated gross revenue of Rs 58,017 million (USD 7.7 billion) for the quarter ended March 31, an increase of 23% from last year. Net profit for the quarter was Rs 2,139 million (USD 282 million), which is 4.8% lower.

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