Mark To Market Reliance Industries : Presenting the MegaStar

RIL Q4 results gave a blockbuster opening to the Result season. Jio & Retail added the much needed SHINE to keep this STAR shining in the eyes of Investors.(+3% NSE)
Aiming to double the sales in 7 years, while giving approx 45% growth in stock price in last 12 months is what makes Reliance Industries largest Conglomerate in INDIA.

Highlight of Q4 Results :-

Reliance Industries Ltd (RIL) :- 9.79% increase in its quarterly profit
(Revenue rose 19.4% to ₹1.54 trillion for the quarter)

Reliance Jio:- net profit jumps 64% to ₹840 crore
(Revenue jumped 55.8%)

Reliance Retail Ltd :- Ebit growth of 14% sequentially to ₹1,721 crore.
(Revenue rose by 89%)

Petrochemicals business:-Ebit fell 2% sequentially to ₹7,819 crore.
(Revenue increased by 11.3%)

Refining business :- Ebit fell by 18.6% to ₹4,026 crore.
(Revenue fell by 6.1%)

Consolidated profit before tax:- fell 4.1% sequentially to ₹13,858 crore
Consolidated (Ebit):- rose 1% sequentially to ₹18,752 crore.

Now consumer businesses account for almost 25% of RIL’s Ebitda, said V. Srikanth, joint chief financial officer.
Source:-Mint

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