Reliance Industries Limited Reports Unaudited Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2015
January 19, 2016 at 11:24 am
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Reliance Industries Limited reported unaudited consolidated and standalone earnings results for the third quarter and nine months ended December 31, 2015. For the quarter, on consolidated basis, the company reported net sales/income from operations (net of excise duty and service tax) of INR 682,610 million against INR 935,280 million for the same period previous year. Profit from operations before other income, finance costs & exceptional items was INR 82,350 million against INR 57,350 million for the same period of previous year. Profit from ordinary activities before tax was INR 97,400 million against INR 69,380 million for the same period of previous year. Net profit was INR 73,570 million or INR 24.8 per diluted share compared to INR 51,910 million or INR 17.8 per diluted share for the same period of previous year.
For the nine months, on consolidated basis, the company reported net sales/income from operations (net of excise duty and service tax) of INR 2,162,920 million against INR 3,079,650 million for the same period previous year. Profit from operations before other income, finance costs & exceptional items was INR 229,040 million against INR 187,360 million for the same period of previous year. Profit from ordinary activities before tax was INR 262,150 million against INR 224,200 million for the same period of previous year. Net profit was INR 201,190 million or INR 68.7 per diluted share compared to INR 170,260 million or INR 58.4 per diluted share for the same period of previous year.
For the quarter, on standalone basis, the company reported net sales/income from operations (net of excise duty and service tax) of INR 565,670 million against INR 801,960 million for the same period previous year. Profit from operations before other income, finance costs & exceptional items was INR 78,670 million against INR 51,030 million for the same period of previous year. Profit from ordinary activities before tax was INR 95,470 million against INR 66,240 million for the same period of previous year. Net profit was INR 72,180 million or INR 22.3 per diluted share compared to INR 50,850 million or INR 15.7 per diluted share for the same period of previous year.
For the nine months, on standalone basis, the company reported net sales/income from operations (net of excise duty and service tax) of INR 1,832,010 million against INR 2,730,330 million for the same period previous year. Profit from operations before other income, finance costs & exceptional items was INR 223,700 million against INR 166,170 million for the same period of previous year. Profit from ordinary activities before tax was INR 261,940 million against INR 212,420 million for the same period of previous year. Net profit was INR 200,970 million or INR 62.1 per diluted share compared to INR 164,760 million or INR 50.9 per diluted share for the same period of previous year.
Reliance Industries Ltd is a diversified group organized around 6 areas of activity:
- refining of petroleum products (58.4% of net sales): liquefied petroleum gas, propylene, naphtha, gasoline, kerosene, etc. At the end of March 2021, the group operated a refinery in India. The group also produces petrochemicals (polyethylene, polypropylene, polyvinyl chloride, polyester, purified terephthalic acid, paraxylene, ethylene, olefins, benzene, butadiene, acrylonitrile and caustic soda);
- distribution of consumer products (28.3%): distribution of food products, clothing and accessories, consumer electronics, etc. through a network of 12,711 stores in India;
- digital services (5.1%);
- exploration and production of crude oil and natural gas (0.3%);
- financial services (0.2%);
- other (7.7%): telecommunications and media services, textile manufacturing, etc.
India accounts for 61.5% of net sales.
Reliance Industries Limited Reports Unaudited Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2015