Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
Stock Report

| More

Reliance Industries Ltd Q1FY22 consolidated net profit declines to Rs. 12273 crores

Posted On: 2021-07-23 17:10:16 (Time Zone: UTC)


RELIANCE INDUSTRIES LTD. (RIL) has reported financial results for the period ended June 30, 2021.

Financial Results (Q1 FY 2021-22) - QoQ Comparison

The company has reported total income of Rs.148591 crores during the period ended June 30, 2021 as compared to Rs.158133 crores during the period ended March 31, 2021.

The company has posted net profit / (loss) of Rs.12273 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.13227 crores for the period ended March 31, 2021.

The company has reported EPS of Rs.18.63 for the period ended June 30, 2021 as compared to Rs.20.13 for the period ended March 31, 2021.

FinancialsQ1 FY2021-22Q4 FY20-21% Change
Total Income₹ 148591 crs₹ 158133 crsDown Tick -6.03%
Net Profit₹ 12273 crs₹ 13227 crsDown Tick -7.21%
EPS₹ 18.63₹ 20.13Down Tick -7.45%

Financial Results (Q1 FY 2021-22) - YoY Comparison

The company has reported total income of Rs.148591 crores during the period ended June 30, 2021 as compared to Rs.95626 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.12273 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.13233 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.18.63 for the period ended June 30, 2021 as compared to Rs.20.63 for the period ended June 30, 2020.

FinancialsQ1 FY2021-22Q1 FY2020-21% Change
Total Income₹ 148591 crs₹ 95626 crsUp Tick 55.39%
Net Profit₹ 12273 crs₹ 13233 crsDown Tick -7.25%
EPS₹ 18.63₹ 20.63Down Tick -9.69%

Commenting on the results, Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries Limited said: "I am happy that our Company has delivered robust growth despite facing a highly challenging operating environment caused by the second wave of the COVID pandemic. The results of the First Quarter of FY2022 clearly demonstrate the resilience of Reliance's diversified portfolio of businesses that cater to large parts of the consumption basket.

In our O2C business, we generated strong earnings through our integrated portfolio and superior product placement capabilities. Along with our partner bp, we commissioned the satellite cluster in KG D6 and continued to ramp up production, contributing to 20% of gas production in India. This will be a major contribution to our country's energy security.

Jio has posted yet another record quarterly performance with industry leading operating metrics. I am thankful to Jio's family of loyal subscribers whose number has grown further during the quarter, consolidating its position as India's No. 1 provider of digital connectivity and services. They appreciate our continuing focus on raising the bar for superior service quality.

COVID-related restrictions on store operations during the quarter impacted our Retail business operations and profitability. This is a temporary phenomenon. We remained focused on ensuring supplies of necessities, including food, grocery, health & hygiene products through a combination of online-offline channels. We stepped up our efforts in creating partnerships with small merchants and digital engagement with consumers. This is creating a newer and inclusive model of growth. I am confident that the retail business is poised to create exponential value and growth.

I am most excited by the swift start to our new Clean and Green Energy business initiative. We have started investment across all verticals to execute our ambitious plans. We are also resolutely implementing our vision of net carbon zero before 2035, which is our highest priority. We remain committed to disciplined capital allocation with an emphasis on long-term value creation for our shareholders."

Shares of RELIANCE INDUSTRIES LTD. was last trading in BSE at Rs. 2105.2 as compared to the previous close of Rs. 2121. The total number of shares traded during the day was 253418 in over 17708 trades.

The stock hit an intraday high of Rs. 2135 and intraday low of 2102.85. The net turnover during the day was Rs. 536906207.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com


Other Headlines:

Biocon Biologics and Serum Institute Life Sciences announce Strategic Alliance

Shreyas Shipping & Logistics Ltd to acquire bulk carrier

Precision Camshafts Limited retrofits passenger AC bus into 100% Electric Bus

Mahindra and Mahindra restructures its Farm Equipment business in Turkey

Intellect bags a large multiple-year digital transformation destiny deal from Resurs Bank

Hero MotoCorp to increase prices of its Motorcycles and Scooters

Cosmo Films announces BOPP expansion and 1st interim dividend

Indiabulls Housing Finance Ltd opens FCCB issue

Frost Bank Selects Infosys as Strategic Partner to Launch New Mortgage Loan Product Offering

Cosara Diagnostics receives CDSCO license to manufacture SARAGENE® Dengue Test Kit

Kotak Mahindra Bank Partners Indian Institute of Science to set up the Kotak-IISc AI-ML Centre at IISc Campus, Bengaluru

Sirca Celebrates Jashn-e-Rang with Key Partners

Edelweiss AMC appoints Trideep Bhattacharya as CO-CIO Equities

Poonawalla Fincorp Limited announces resignation of MD

EKI Energy Services Ltd extends time line to acquire stake in SustainPlus Rise Pvt Ltd

TVS Motor Company forays into the personal e-mobility business with a majority stake in European e-bike brand EGO Movement

Cosmo Films Ltd to set up new production for BOPP films at Aurangabad

Kotak Mahindra Group Acquires Vehicle Financing Portfolio of Volkswagen Finance

HCL Technologies Celebrates One Year in Sri Lanka

Ace Men Engg Works Ltd announces resignation of MD

Balkrishna Industries Ltd commences trial production at Waluj

KPIT Technologies Ltd appoints Ms. Bhavna Doshi as additional director

Cosmo Films Ltd board declares 1st interim dividend of Rs. 25

Axtel Industries Ltd reappoints Shri Ajay Naishad Desai as Executive Director

Star Housing Finance Ltd board to consider preferential issue on Sep 21, 2021

Aptech Limited announced the launch of its EdTech initiative - christened it ProAlley.com

Saregama India Ltd board approves fund raising of Rs. 750 crore

Mahindra Lifespaces® appoints Jitesh Donga as Chief of Design

PG Electroplast Ltd arm applies for DPIIT under PLI for White Goods

Action Construction Equipment Ltd receives LoI for supply of cranes

BHEL commissions India's largest floating Solar PV plant

TVS Motor Company launches Naked Street Design 'TVS Raider' motorcycle globally for the Gen Z

CARE assigns rating to The Federal Bank Ltd's Basel III Tier 2 bonds

EaseMyTrip expands international presence to Philippines, Thailand, and the USA

ICRA-assigned Credit Rating for Rs. 103.02 crore Line of Credit of Shalby Limited

Dilip Buildcon Ltd receives LOA for new HAM project Bangalore-Chennai Expressway under Bharatmala worth Rs. 1060 Crores

Poonawalla Fincorp Limited appoints Mr. Sharad Pareek as Chief Risk Officer

Hero MotoCorp Ltd hands over 13 life-support ambulances to the Government of Uttarakhand

Fitch Revises Outlook on Shriram Transport Finance to Stable, Affirms at 'BB'

NCLT approves the scheme of amalgamation of Lincoln Parenteral Ltd and Lincoln Pharmaceuticals Ltd

Mahindra Finance announces entry into Vehicle Leasing and Subscription business under 'Quiklyz' brand

SC asks release of Rs. 357.79 Crores plus accrued interest to Manaj Tollway Private Limited

New Auto sector PLI to boost Electric Vehicles in India

Sunteck Realty plans JDA to develop 10 mn sq ft at Shahad

India Ratings assigns The Federal Bank's Additional Basel III Tier 2 Bonds 'IND AA'/Stable

Lupin Limited updates on lawsuits regarding Glumetza®

Syschem India Ltd redeems NCNCRPS and repays unsecured loan

Finolex Industries Ltd approves proposal for transfer of leasehold rights of MIDC land

Government's PLI policy for Drones to be a big boost for the sector - RattanIndia Enterprises

Dalmia Bharat Sugar and Industries Ltd launches Dalmia Utsav Honey


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020