Reliance Ind. proves its Mettle

Reliance lives up to its image, delivers excellent Results

“It has been an excellent quarter for RIL. Our integrated and globally competitive business portfolio continues to help RIL de-risk its business model and deliver a superior operating performance. I am pleased with the launch of “Reliance Fresh”, Reliance’s initiative in the organized retail sector that
shall create a unique value proposition for the Indian consumer. RIL remains committed to deploying its cash flows in growing its existing and new businesses.”
Mukesh Ambani

It has become a habit for Mukesh Ambani to outperform expectations of its shareholders and this has been the foundation for the strong faith the Investing community has in the vision and leadership abilities of Mukesh Ambani in driving Reliance towards new horizons. True to its nature, reliance Industries delivered a strong Q3 performance.

Highlights of RIL YTD Performance

Turnover has risen by 33 % to Rs. 83,487 crore (US$ 18,863 million).

Net Profit has risen by 23% to Rs. 8,055 crore (US$ 1,820 million) – the highest ever for any private sector company in India.

Gross refinery margin of US$ 11.7 / bbl in this quarter – highest ever out- performance over the benchmark Singapore complex

Nine Months EPS at Rs. 57.8

Highlights of RIL Q3 Performance

TurTurnover has risen by 40 % to Rs. 27,771 crore.

Net Profit has risen by 58% to Rs. 2,799 crore.

Q3 EPS at Rs. 20.1

Other Highlights
RIL’s contribution to the national exchequer in the form of various taxes was Rs. 9,068 crore (US$ 2,049 million).

Reliance exports increased to Rs 16,013 crore (Rs 160.13 billion) from Rs 6,638 crore (Rs 66.38 billion).

RIL’s international rating from both Moody’s and S&P is above the sovereign rating of India.

The petchem production also surged up 34% to 3.63 million tonnes versus 2.72 million tonnes. The company's Petchem revenues improved to 48.2%.

The Gross Refining Margins stood at USD 11.70 per barrel versus Singapore GRM of USD 3.7 per barrel.

In order to further strengthen the prospects of its E&P business, RIL has bid for 21 blocks in the sixth round of NELP bidding. This round of bidding witnessed high level of participation by leading international players.