Reliance Industries Ltd reports consolidated PAT of Rs. 13227 crore in Q4FY21

RELIANCE INDUSTRIES LTD. has reported financial results for the period ended March 31, 2021.

Financial Results (Q4 FY20-21) - QoQ Comparison

The company has reported total income of Rs.158133 crores during the period ended March 31, 2021 as compared to Rs.128450 crores during the period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.13227 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.13101 crores for the period ended December 31, 2020.

The company has reported EPS of Rs.20.13 for the period ended March 31, 2021 as compared to Rs.19.93 for the period ended December 31, 2020.

Financials	Q4 FY20-21	Q3 FY20-21	% Change
Total Income	₹ 158133 crs	₹ 128450 crs	23.11%
Net Profit	₹ 13227 crs	₹ 13101 crs	0.96%
EPS	₹ 20.13	₹ 19.93	1%

Financial Results (Q4 FY20-21) - YoY Comparison

The company has reported total income of Rs.158133 crores during the period ended March 31, 2021 as compared to Rs.143416 crores during the period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.13227 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.6348 crores for the period ended March 31, 2020.

The company has reported EPS of Rs.20.13 for the period ended March 31, 2021 as compared to Rs.9.95 for the period ended March 31, 2020.

Financials	Q4 FY20-21	Q4 FY19-20	% Change
Total Income	₹ 158133 crs	₹ 143416 crs	10.26%
Net Profit	₹ 13227 crs	₹ 6348 crs	108.36%
EPS	₹ 20.13	₹ 9.95	102.31%

Financial Results (Year ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.502653 crores during the 12 months period ended March 31, 2021 as compared to Rs.625601 crores during the 12 months period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.49128 crores for the 12 months period ended March 31, 2021 as against net profit / (loss) of Rs.39354 crores for the 12 months period ended March 31, 2020.

The company has reported EPS of Rs.75.21 for the 12 months period ended March 31, 2021 as compared to Rs.63.06 for the 12 months period ended March 31, 2020.

Financials	Year Ended FY20-21	Year Ended FY19-20	% Change
Total Income	₹ 502653 crs	₹ 625601 crs	-19.65%
Net Profit	₹ 49128 crs	₹ 39354 crs	24.84%
EPS	₹ 75.21	₹63.06	19.27%

Commenting on the results, Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries Limited said: "These are extraordinarily challenging times for India. Our immediate priority is to help our country and community tide over the COVID crisis. We have deployed our best resources in strengthening the nation's fight against the pandemic. Our facilities in Jamnagar are producing lifesaving medical grade oxygen, which is the crucial need of the hour in many states. We have also taken urgent steps to bolster the nation's capacity to swiftly transport medical oxygen. These efforts complement our other initiatives such as distributing free meals to the needy, supplying PPEs to frontline workers and setting up world class COVID-care facilities. To me, these contributions are far more satisfying than our Company's strong, overall operational and financial performance for the year.

We have registered robust recovery in O2C and retail segment, and resilient growth in Digital Services business. Sustained high utilization rates across sites and improvement in downstream product deltas as well as transportation fuel margins aided O2C earnings growth. Our consumer businesses have proved to be a digital and physical lifeline for the nation in these challenging times. Jio's high-speed connectivity services enabled millions of Indians work from home, study from home and even receive healthcare from home. Reliance Retail ensured safe supplies of essentials goods and services to customer homes. And while COVID-19 has disrupted livelihoods, we have added nearly 75,000 jobs to the economy, while ensuring the health and safety of our employees and their families.

I also want to express my deepest gratitude to the scientists, doctors, nurses, police, volunteers and many others who are fighting on the frontlines, risking their own lives, so that we remain safe and protected. We all owe a great deal to them. I am sure we are going to ultimately win the fight against COVID-19. Because each one of us is engaged in this fight and the human spirit to fight and survive is greater than any disease or pandemic. With our collective effort, India will eventually triumph over the crisis and emerge stronger, bigger and better than ever before."

Shares of RELIANCE INDUSTRIES LTD. was last trading in BSE at Rs.1994.45 as compared to the previous close of Rs. 2023.2. The total number of shares traded during the day was 321474 in over 17038 trades.

The stock hit an intraday high of Rs. 2036.4 and intraday low of 1987.4. The net turnover during the day was Rs. 647647726.

Source : Equity Bulls

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