Mumbai: Reliance Industries Limited, the country’s largest company in terms of market capitalization, has released the first quarter results of the current financial year. RIL’s total revenue in the first quarter was Rs 88,253 crore. It was Rs 1,56,976 crore as compared to year-on-year. After the impact of Kovid-19, the results of Reliance Jio, Retail and Oil to Chemical (O2C) business have been better than analysts expected. However, the oil to chemical business has been affected due to reduced demand. RIL’s gross refining margin was $ 6.3 / bbl. The net profit of Reliance Industries was Rs 13,248 crore in the first quarter, compared to Rs 10,104 crore in the same period last fiscal. Thus, it has increased by 31 percent. Reliance Jio’s net profit in the April-June quarter was Rs 2,520 crore.
The lump sum income of the company stood at Rs 4,966 crore. EBITDA margin increased by 19.1 percent. EBITDA has been better than margin estimates. Petcam income was Rs 25,192 crore. Whereas, Petcam EBIT stood at Rs 3,392 crore. Petcam EBIT margin stood at 13.5 per cent. The company’s refining income was Rs 46,642 crore.
The income of Reliance Retail stood at Rs 31,633 crore. Whereas, the retail EBIT has been Rs 722 crore. Whereas, the retail EBIT margin thus stood at 2.3 per cent.
The result of Reliance Industries came after the stock market closed on Thursday. Shares of RIL on the Bombay Stock Exchange (BSE) rose 0.61 per cent to close at Rs 2,108.65 per share (RIL Share Price) after a day’s trading on Thursday. Whereas, on the National Stock Exchange (NSE), it closed up 0.25 per cent at Rs 2,101.90 per share.
