Reliance Industries GRM eases in Q1FY17

Reliance Industries (RIL) has declared its Q1FY17 results after market hours on Friday. The company’s revenue has increased by 8.91 per cent to Rs 64990 crore in Q1FY17 as compared to previous quarter. Its EBITDA has declined by 0.18 per cent to Rs 11223 crore in Q1FY17 on a quarterly basis. RIL’s net profit has increased by 8.93 per cent to Rs 7464 crore in Q1FY17 as compared to previous quarter. The company’s net profit margin has remained unchanged at 11.48 per cent in Q1FY17 on a sequential basis.

RIL’s top line has reduced by 15.17 per cent to Rs 64990 core in Q1FY17 on a yearly basis. Whereas the EBITDA has grown by 12.69 per cent to Rs 11223 in Q1FY17 as compared to same period in previous fiscal year. Its bottom line has risen by 19.9 per cent to Rs 7464 crore in Q1FY17 on a yearly basis.

On segmental revenue front, RIL has earned 31.88 per cent from petrochemicals, 87.04 per cent from refining, 2.06 per cent from oil and gas, 10.26 per cent from organised retail and 3.72 per cent from others during Q1FY17.

RIL has witnessed Gross Refining Margin (GRM) of USD 11.5 per barrel in Q1FY17 against 10.8 per barrel in Q4FY16. Meanwhile GRM stands at USD 10.4 per barrel in Q1FY16.

The share price of RIL has increased by 0.61 per cent on bourses; and closed at Rs 1012.55 on an intraday basis.

RIL is in the business of energy and materials value chain and in retail and digital services. The company operates in four segments: refining, petrochemicals, oil & gas and organised retail. The refining segment includes production and marketing operations of the petroleum products. The organised retail segment includes organised retail business. It also has operations in the textile, SEZ development, telecom/broadband business and media sectors.