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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.
<img height="310" width="698" src="https://cdn.zeebiz.com/sites/default/files/RIL_1.JPG" alt="" />
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:
<blockquote data-lang="en"><a href="https://twitter.com/hashtag/RIL?src=hash&amp;ref_src=twsrc%5Etfw">#RIL</a> will announce Q1 FY2018-19 results on Friday, 27 July 2018. Be present here at 7.00 PM on Friday to follow <a href="https://twitter.com/hashtag/RIL?src=hash&amp;ref_src=twsrc%5Etfw">#RIL</a> CFO Mr Alok Agarwal's comments on <a href="https://twitter.com/hashtag/RILresults?src=hash&amp;ref_src=twsrc%5Etfw">#RILresults</a> You can also follow Mr Agarwal's comments on: 
Facebook: <a href="https://t.co/nUhltpkjub">https://t.co/nUhltpkjub</a> 
YouTube: <a href="https://t.co/OGTsVc05uW">https://t.co/OGTsVc05uW</a> <a href="https://t.co/smZUP0ddTF">pic.twitter.com/smZUP0ddTF</a>
— Flame of Truth (@flameoftruth) <a href="https://twitter.com/flameoftruth/status/1022501731916111873?ref_src=twsrc%5Etfw">July 26, 2018</a></blockquote>
<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>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: <a href="http://www.zeebiz.com/india/news-reliance-industries-share-price-just-rs-2-away-from-lifetime-high-ahead-of-q1-results-57171" target="_blank">Reliance Industries share price just Rs 2 away from lifetime high ahead of Q1 results</a>
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 
<style type="text/css">
<![CDATA[/* ><!]]>*/
</style><table>
<thead>
<tr>
<th> </th>
<th> </th>
<th>Estimate</th>
<th>Base</th>
<th>Change</th>
</tr>
</thead>
<tbody>
<tr>
<td>Net Sales</td>
<td> </td>
<td>138183</td>
<td>116915</td>
<td>18.20%</td>
</tr>
<tr>
<td>EBITDA</td>
<td> </td>
<td>18625</td>
<td>18469</td>
<td>0.84%</td>
</tr>
<tr>
<td>EBITDA %</td>
<td> </td>
<td>13.50%</td>
<td>15.80%</td>
<td> </td>
</tr>
<tr>
<td>PAT</td>
<td> </td>
<td>9508</td>
<td>9435</td>
<td>0.80%</td>
</tr>
<tr>
<td>GRMs</td>
<td> </td>
<td>10.2-10.5</td>
<td>11</td>
<td> </td>
</tr>
</tbody>
</table>
12:15 pm: RIL share price trades atrong ahead of Q1 results
<img height="319" width="700" src="https://cdn.zeebiz.com/sites/default/files/RIL_0.JPG" alt="" />
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.

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 EBITDAEnergy 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 marginsRetail• 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 PointsJio• 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 month6.20 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: BSE4:00 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 thetelecom 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/nUhltpkjubYouTube: https://t.co/OGTsVc05uW pic.twitter.com/smZUP0ddTF— Flame of Truth (@flameoftruth) July 26, 20183:00 pm: Reliance Industries March quarter FY18 resultsReliance 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 resultsAhead 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 */  EstimateBaseChangeNet Sales 13818311691518.20%EBITDA 18625184690.84%EBITDA % 13.50%15.80% PAT 950894350.80%GRMs 10.2-10.511 12:15 pm: RIL share price trades atrong ahead of Q1 resultsSource: BSE12:00 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. 

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

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

news-reliance-industries-q1-results-live-ril-profit-to-fall-but-that-of-jio-to-rise-17-show-zee-business-estimates-57168

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 EBITDAEnergy 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 marginsRetail • 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 PointsJio • 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 Agarwals comments on #RILresults You can also follow Mr Agarwals 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 Jios 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 companys 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. RILs 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: RILs 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.  

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