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Reliance Industries Ltd Q3FY21 consolidated net profit jumps to Rs. 13101 crore

Posted On: 2021-01-22 07:38:39 (Time Zone: Arizona, USA)


RELIANCE INDUSTRIES LTD. has reported financial results for the period ended December 31, 2020.

Financial Results (Q3 FY20-21) - QoQ Comparison

Commenting on the results, Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries Limited said: "At a time when the Indian economy is poised for a confident recovery, we at Reliance are humbled that we have been able to contribute to it with our Company’s impressive performance in the third quarter of FY21. We have delivered strong operational results during the quarter with a robust revival in O2C and Retail segments, and a steady growth in our Digital Services business. I am proud that Reliance has employed 50,000 more people since March 2020.

I am especially pleased that the world is now closing ranks for a strong global action on Climate Change. This gives Reliance the right opportunity to accelerate our own ambitious New Energy and New Materials business wedded to the vision of clean and green development. In line with this vision, our Oil-to-Chemicals (O2C) business has formally reorganised its reporting segments to reflect our new strategy and management matrix for this enterprise. The reorganised structure will facilitate holistic and agile decision making and enable us to pursue attractive new opportunities for growth, with strategic partnerships with the best and the biggest in this business globally. The O2C platform will increasingly move further downstream and become closer to customers. It will create planetfriendly and affordable energy and materials solutions to meet the growing needs of every sector of the Indian economy."

The company has reported total income of Rs.128450 crores during the period ended December 31, 2020 as compared to Rs.120444 crores during the period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.13101 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.9567 crores for the period ended September 30, 2020.

The company has reported EPS of Rs.19.93 for the period ended December 31, 2020 as compared to Rs.14.68 for the period ended September 30, 2020.

FinancialsQ3 FY20-21Q2 FY20-21% Change
Total Income₹ 128450 crs₹ 120444 crsUp Tick 6.65%
Net Profit₹ 13101 crs₹ 9567 crsUp Tick 36.94%
EPS₹ 19.93₹ 14.68Up Tick 35.76%

Financial Results (Q3 FY20-21) - YoY Comparison

The company has reported total income of Rs.128450 crores during the period ended December 31, 2020 as compared to Rs.160447 crores during the period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.13101 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.11640 crores for the period ended December 31, 2019.

The company has reported EPS of Rs.19.93 for the period ended December 31, 2020 as compared to Rs.18.24 for the period ended December 31, 2019.

FinancialsQ3 FY20-21Q3 FY19-20% Change
Total Income₹ 128450 crs₹ 160447 crsDown Tick -19.94%
Net Profit₹ 13101 crs₹ 11640 crsUp Tick 12.55%
EPS₹ 19.93₹ 18.24Up Tick 9.27%

Financial Results (9 Months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.344520 crores during the 9 months period ended December 31, 2020 as compared to Rs.482185 crores during the 9 months period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.35901 crores for the 9 months period ended December 31, 2020 as against net profit / (loss) of Rs.33006 crores for the 9 months period ended December 31, 2019.

The company has reported EPS of Rs.54.86 for the 9 months period ended December 31, 2020 as compared to Rs.53.29 for the 9 months period ended December 31, 2019.

Financials9 Months ended FY20-219 Months ended FY19-20% Change
Total Income₹ 344520 crs₹ 482185 crsDown Tick -28.55%
Net Profit₹ 35901 crs₹ 33006 crsUp Tick 8.77%
EPS₹ 54.86₹53.29Up Tick 2.95%

Shares of RELIANCE INDUSTRIES LTD. was last trading in BSE at Rs.2049.65 as compared to the previous close of Rs. 2097.85. The total number of shares traded during the day was 507943 in over 28737 trades.

The stock hit an intraday high of Rs. 2115.9 and intraday low of 2035.2. The net turnover during the day was Rs. 1052087739.


Source: Equity Bulls

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