Reliance Industries: Q2FY18 Result
Nidhi Jani / 14 Oct 2017
The company reported PAT of Rs 8097 crore, which represents a sequential QoQ decline of 10.82 per cent and a YoY increase of 12.79 per cent.
Reliance Industries Ltd. reported its results for the quarter ended September 30, 2017 on October 13, 2017.
The total sales for Q2FY18 came in at Rs 95,085 crore, which represents a 5.02 per cent sequential increase and 16.45 per cent YoY increase. This was primarily driven by rise in revenue from refinery business by 15.3% YoY to Rs 69,766 crore in Q2FY18 vs Rs 60,527 crore in Q2FY17. Also, digital services reported revenues of Rs 7213 crore in Q2FY18 vs Rs 200 crore in Q2FY17.
The company's EBITDA for the quarter amounted to Rs 15,565 crore and the EBITDA margin stood at 16.4 per cent.
The company reported PAT of Rs 8097 crore, which represents a sequential QoQ decline of 10.82 per cent and a YoY increase of 12.79 per cent.
The company acquired equity stake in Balaji Telefilms which is in media and entertainment industry. Reliance Retail acquired 40% stake in Genesis Luxury Fashion, which sells brands like Armani, Burberry, Coach etc.
Reliance Jio's subscriber base as on Q2FY18 was 138.6 million. The net subscriber additions during the quarter were 15.3 million. Also, Jio has reported over 85% market share in the LTE smartphone base in the country.
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