InvestorQ : Can you share some of the highlights of the Reliance Industries quarterly results announced late on Friday 30 April?
vidhya Laxmi made post

Can you share some of the highlights of the Reliance Industries quarterly results announced late on Friday 30 April?

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sarah Leo answered.
4 days ago
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Here are some of the highlights of the quarterly results declared by Reliance Industries for the Mar-21 quarter.

· RIL reported 108% growth in net profits at Rs.13,227 crore for the Mar-21 quarter. This growth was triggered by a sharp recovery in Jio and recovery in retail business.

· Revenues from operations for Mar-21 quarter was at an impressive Rs.154,896 crore, growing 11% on a yoy basis and, more significant, growing by 25% on a sequential basis.

· On the O2C or the Oil-to-Chemicals business, sustained high utilization rates and higher downstream product helped 20% earnings growth in O2C on sequential basis. The O2C business comprises refining, marketing and petrochemicals businesses.

· For the quarter, RIL reported consolidated EBITDA of Rs.26,602 crore for the Mar-21 quarter and cash profits of Rs.22,746 crore.

· The combined EBITDA of the digital business and the retail business combined was nearly 10% more than the EBITDA generated by the O2C business in the quarter.

· The big shift was a 33% fall in financing cost in the quarter at Rs.4,044 crore after the company embarked on a massive debt reduction plan last year.

· Jio Platforms saw 47.5% growth in profits at Rs.3,508 crore while its revenues were up by 19% at Rs.18,278 crore. Jio managed this despite lower ARPUs. The ARPUs actually fell from Rs.151 in the Dec-20 quarter to Rs.138.20 in the Mar-21 quarter.

· Retail gave a robust performance despite only 80% of the stores being operational and experiencing 65% lower footfalls due to deeper customer wallet penetration.

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