RIL Profit rised upto 19% in June Quarter


RIL Profit rised upto  19%  in June Quarter
RIL  Profit rised upto  19%  in  June Quarter:  On friday India's Most Valuable company Reliance Industries (RIL), Announced  june  quarter results and reached Market  expectations. Even in the current Market situations  of value is decreasing day by day but the RIL is shown  higher profits from the refining business areas, in addition to the depreciation of the rupee and higher other income .
Crore in 5352, net profit rose 18.9%, while the gross refining margin (RM), rose to $ 8.4 per barrel, compared to $ 7.6 per barrel for the quarter ended in March. Belt, the difference between the cost of crude oil and sale of petroleum products, it is important to calculate the profitability of the plant indicator.  Other income - particularly through the use of a big pile of money in his books - also grew to Rs 2535 crore to Rs 2243 from the previous quarter and Rs 1904 crore in the same period last year. The Company's liquidity and cash reserves stood at Rs 93,000 crore at the end of June.

On the other hand, average 55.96 of the rupee against the dollar during the quarter, the value of the order of 3.5% compared to 54.06 last year.  Earnings before depreciation, interest and taxes (EBDIT) was Rs 9610 crore, an increase of 10.3% over the previous year.  However, total sales decreased by 4.6% to Rs 90.589 crore.  revenue recycling, which represent 77% of the pie, were up 4.6% for the year to Rs 81.458 crore.

Income from petrochemicals - which represents 20% of the pie - rose 0.5% to Rs 21,950 crore.
The decline in oil prices during the quarter there was an impact on the result of the transformation, Alok Agarwal, CFO of Reliance Industries, said.  The Oil and Gas Company, which started production in key KG-D6 block falls to 15.3 million metric standard cubic meters per day (mmscmd) in the quarter ton (he has since dropped more 14.2 mmscmd) contributed Rs 1454 crore, an increase of 42% over the year, after the coup of 39% in the previous quarter.

"The decline in production was mainly due to the geological complexity, a natural decline in margins and higher than expected infiltration of water," said RIL.  Income from operations of shale gas in the United States, however, has increased by 84% increased production.

Agarwal said exploitation of shale gas in the U.S. is growing rapidly and is equal to the domestic gas production. Price of shale gas means more than its domestic gas prices due to the presence of liquid components, which are sold at a higher price, he said. In fact, shale gas and domestic retail operations, the company is optimistic about today, says Agarwal. "While shale shows high rates, our revenues from the how-to-like stores in retail business is the highest in the industry right now."  RIL Retail turnover increased by 53% year on year in the quarter to Rs 3474 crore. It remains positive on a turnover of Rs 70 lakh  .Earnings Before Depreciation,interest and taxes.

No comments:

Post a Comment








|

Receive All Updates Via Facebook

Please wait..10 Seconds Cancel