LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » Companies News

Reliance Industries Q1 results LIVE: Consumer businesses continue to scale new highs, says Mukesh Ambani

Reliance Industries Q1 results:  Mukesh Ambani led energy to telecom conglomerate released its result in the evening today.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Reliance Industries Q1 results LIVE: Consumer businesses continue to scale new highs, says Mukesh Ambani
RIL share price hit an intraday high of Rs 1129.50, up 1.72 per cent on the BSE. Image source: Twitter
Written By: ZeeBiz WebTeam
Updated: Fri, Jul 27, 2018
06:55 pm
ZeeBiz WebDesk
RELATED NEWS
Morgan Stanley on Reliance Industries share price - overweight rating, price target Rs 2252 Morgan Stanley on Reliance Industries share price - overweight rating, price target Rs 2252
Stock Market Closing Bell Today: Sensex, Nifty pare early gains on profit-booking; Vodafone Idea, Reliance Indusries shares gain Stock Market Closing Bell Today: Sensex, Nifty pare early gains on profit-booking; Vodafone Idea, Reliance Indusries shares gain
Future Group shares soar after court lifts hold on Reliance deal Future Group shares soar after court lifts hold on Reliance deal
Reliance Industries Share price and Target price Rs 2090: Buys says HSBC, RIL morphing into this Reliance Industries Share price and Target price Rs 2090: Buys says HSBC, RIL morphing into this
Reliance Industries shares decline over 2 pc; Future Retail tanks 5 pc Reliance Industries shares decline over 2 pc; Future Retail tanks 5 pc

Reliance Industries Q1 results: Reliance Industries (RIL) reports record quarterly net profit of Rs 9,459 cr in April-June, up 18 per cent over the year-ago period, while Reliance Jio net profit rises 20 per cent sequentially to Rs 612 cr in April-June 2018; revenue from operations at Rs 8,109 crore, said a company statement. 

Live updates:

6:47: Commenting on the results, Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries Limited said: “We continue to focus on strong delivery through operational excellence in our portfolio of businesses. Financial results of 1Q FY19 underscore the strength of the petrochemicals we have reinforced over the last investment cycle. Our petrochemicals business generated record EBITDA with strong volumes and an upswing in polyester chain margins. Refining business performance remained steady despite the seasonal weakness in cracks. Continuing strength in global demand for oil products and implementation of more stringent environmental norms for marine fuels augurs well for our refining business."

"Our consumer businesses continue to scale new highs and now account for nearly 21% of consolidated segment EBITDA. Retail business revenues have more than doubled and EBITDA has trebled on a Y-o-Y basis. Jio added a record number of subscribers, highlighting the compelling technology and value proposition that Jio offers vis-à-vis other networks. The scalability of our consumer business platforms is driving unprecedented value generation for our customers, our country and our shareholders,” he added.

6:29 PM: • Record Quarterly Consolidated Net Profit of ₹ 9,459 crore, Up 17.9%
• Record Quarterly Consolidated PBDIT ₹ 22,449 crore ($ 3.3 Billion), Up 52.8% 
• Record quarterly standalone profit of ₹ 8,820 crore, up 7.6%
• Record Petrochemicals quarterly EBIT of ₹ 7,857crore, up 94.9%
• Strong traction in Consumer Businesses, now contributing 21% of EBITDA
Energy Business
• Record Petrochemical earnings, up 94.9%, production up 33% YoY to 9.2 MMT
• Petrochemicals EBIT margin 19.5%, up 370 bps with strong polyester chain deltas and stable polymer deltas
• Refining EBIT of ₹ 5,315 crore, GRM $ 10.5/bbl, $4.5/bbl above Singapore Complex margins
Retail
• Retail revenue up 2.2x, to Rs 25,890 crore, passing another milestone
• Record EBIT of ₹ 1,069 crore, up 266% YoY
• ROCE in excess of 27%
• Unprecedented reach across 5,200+ towns and cities, with 8,533 stores including 4,530 Jio Points
Jio
• Robust EBITDA of ₹ 3,147 crore; Net profit of ₹ 612 crore
• India’s largest wireless data subscriber base (215.3 Mn as of 30 June 2018)
• ~10.6 GB per user per month; 76% of total industry 4G data traffic, highest voice consumption per sub at 744 minutes per month
• Likely highest ARPU in the industry at Rs 134.5 per month

6.20 PM: Reliance Industries Q1 results LIVE: RIL net profit at Rs 9,485 cr 

5.40 pm: Edelweiss Securities on RIL:  We expect 4 per cent lower refining EBIT QoQ on estimate GRM at $10.0 per bbl. Petchem earnings is likely to improve 6 per cent as new capacities get ramped up. We expect continued benefit from US ethane imports and recently commissioned offgas cracker.

5:15 pm: Credit Suisse on RIL: Overall, we expect Ebitda and profit after tax to witness 48 per cent and 17 per cent year-on-year growth, respectively. 

4:20 pm: RIL share price at close: The stock settled at Rs 1129.60, up 1.7 per cent.

Source: BSE

4:00 pm: Sharekhan on RIL: We prefer RIL in the downstream space, as we expect strong earnings growth momentum on account of the recently commissioned RoGC project and ramp-up of petcoke gasification project along with gradual improvement in the financials of the
telecom business. Moreover, the digital business has increased its focus on additional revenue stream through launch of fixed-line broadband services (through JIO GIGAFIBER) and higher subscriber penetration through attractive price offers and introduction of JIO Phone 2 with additional features.

3:30 pm: RIL Q1 results to be declared in couple of hours:

#RIL will announce Q1 FY2018-19 results on Friday, 27 July 2018. Be present here at 7.00 PM on Friday to follow #RIL CFO Mr Alok Agarwal's comments on #RILresults You can also follow Mr Agarwal's comments on:
Facebook: https://t.co/nUhltpkjub
YouTube: https://t.co/OGTsVc05uW pic.twitter.com/smZUP0ddTF

— Flame of Truth (@flameoftruth) July 26, 2018

3:00 pm: Reliance Industries March quarter FY18 results

Reliance Industries today reported a 17.3 per cent jump in its fourth quarter net profit on the back of robust petrochemical margins and upstart telecom arm Jio's maiden profits. Its net profit of Rs 9,435 crore, or Rs 15.9 per share, in January-March was 17.3 per cent higher than Rs 8,046 crore, or Rs 13.6 a share, posted in the same period a year ago. On a sequential basis, the company's net profit rise was only 0.1 per cent, RIL said in a statement.

2:30 pm: Emkay Global: We estimate RIL’s petchem earnings to grow by 10%+ qoq due to steady margins and higher volumes though the same will be offset by 8% decline in refining from weaker GRM at US$10.2/bbl. We estimate EBITDA to be up by 2% qoq though PAT would decline 2-3% due to higher interest cost (from forex loss) and lower Other Income. In consolidated business, Retail/Jio earnings are expected to grow by 7-8% qoq with 28mn subs addition in the latter though ARPU is expected to weaken. Consolidated earnings is expected to be flat at Rs95bn in Q1.

1:15 pm: Reliance Industries share price just Rs 2 away from lifetime high ahead of Q1 results

Ahead of Q1 results, RIL share price was trading strong, gaining as much as 2.36 per cent to Rs 1136.60 on the BSE. RIL's stock has rallied 21 percent in 2018 on top of a 70.5 percent surge in the previous year. It is jusr Rs 3 away from its record high of Rs 1,138.25 touched last week. 

12:50 pm: RIL's stock has rallied 21 percent in 2018 on top of a 70.5 percent surge in the previous year. It is jusr Rs 3 away from its record high of Rs 1,138.25 touched last week. 

12:26 pm: RIL Q1 results: Zee Business estimates 

    Estimate Base Change
Net Sales   138183 116915 18.20%
EBITDA   18625 18469 0.84%
EBITDA %   13.50% 15.80%  
PAT   9508 9435 0.80%
GRMs   10.2-10.5 11  

12:15 pm: RIL share price trades atrong ahead of Q1 results

Source: BSE

12:00 pm: Prabhudas Lilladher: RIL’s standalone earnings are likely to be muted at Rs 85.7bn due to weak refining margins; factored in US$11/bbl (US$11/bbl in Q4). We have factored in refining thruput at 16.9MTPA (Q4FY18 16.7MTPA). However, firm petrochemical spreads and higher volumes will support petrochemicals earnings.
 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Reliance IndustriesReliance JioMukesh Ambani
RELATED NEWS
Morgan Stanley on Reliance Industries share price - overweight rating, price target Rs 2252 Morgan Stanley on Reliance Industries share price - overweight rating, price target Rs 2252
Stock Market Closing Bell Today: Sensex, Nifty pare early gains on profit-booking; Vodafone Idea, Reliance Indusries shares gain Stock Market Closing Bell Today: Sensex, Nifty pare early gains on profit-booking; Vodafone Idea, Reliance Indusries shares gain
Future Group shares soar after court lifts hold on Reliance deal Future Group shares soar after court lifts hold on Reliance deal
Reliance Industries Share price and Target price Rs 2090: Buys says HSBC, RIL morphing into this Reliance Industries Share price and Target price Rs 2090: Buys says HSBC, RIL morphing into this
Reliance Industries shares decline over 2 pc; Future Retail tanks 5 pc Reliance Industries shares decline over 2 pc; Future Retail tanks 5 pc

LATEST NEWS

7th Pay Commission Latest News: How pensioners will benefit from DA, TA, salary hike for central government employees?—EXPLAINED

7th Pay Commission: Big bonanza on Dearness Allowance (DA), Dearness Relief (DR) for Central Government employees, pensioners coming before Holi?

One QR Code for all apps: Now, scan code from Google Pay, Paytm, PhonePe, Bhim UPI and more at all IOC petrol pumps for hassle free transaction

This Rakesh Jhunjhunwala stocks portfolio is in the news - see strategy

NSE glitch: Anil Singhvi demands investigation on market action between 3-3:30 pm; asks who caused huge jump in Bank Nifty and Nifty when FIIs were net sellers?

Central government employees, pensioners? How this FM Nirmala Sitharaman latest news today may impact you | EXPLAINED

Nureca IPO Listing: In talk with Anil Singhvi, Founder & CEO Aryan Goyal reveals company's outlook

India Post GDS Recruitment 2021: Application for 233 vacant posts for Gramin Dak Sevaks in Delhi postal circle closes in two days! Check how to apply, TRCA allowances, age limit, eligibility and other details now

Naandhi Box Office Collections Worldwide: Shouting success! Blockbuster justice! Allari Naresh says thanks to fans for so much love

LPG gas subsidy status: How to check cooking gas subsidy online in bank account, all you need know

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved