Market ruler RIL posts strong Q2FY17 numbers

Reliance Industries (RIL)has declared its Q2FY17 results on Thursday after market hours. The company’s revenue has increased by 9.61 per cent to Rs 81651 crore in Q2FY17 as compared to same period in previous financial year. Its EBITDA too has risen by 20.16 per cent to Rs 11176 crore in Q2FY17 on a yearly basis. RIL’s EBITDA margin has expanded by 120 basis points to 13.69 per cent in Q2FY17 as compared to same period in previous fiscal year. The company’s net profit has declined by 24.05 per cent to Rs 7833 crore in Q2FY17 on a yearly basis. Its net profit margin has contracted by 426 basis points to 9.59 per cent in Q2FY17 as compared to same period in previous financial year.

RIL’s Gross Refining Margin (GRM) stands at USD 10.1 per barrel for Q2FY17 against USD 10.6 per barrel in Q2FY16.The company’s outstanding debt stands at Rs 189132 crore in Q2FY17 as compared to Rs 180388 crore in Q4FY16.

On the segmental revenue front, RIL has earned 23.48 per cent from Petrochemicals, 63.38 per cent from Refining, 1.39 per cent from Oil and Gas, 8.46 per cent from Organized Retail and 3.3 per cent from others during Q2FY17.