RIL Q4 results 10 key takeaways: From GRM to net profit

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Updated: April 22, 2016 6:20:03 PM

Reliance Industries (RIL) on Friday reported a 16 per cent year-on-year rise in the March quarter net profit to Rs 7,398 crore on the back of higher refining and petrochem margins.

RIL Q4 results FY16Reliance Industries (RIL) on Friday reported a 16 per cent year-on-year rise in the March quarter net profit to Rs 7,398 crore on the back of higher refining and petrochem margins. (Photo: Reuters)

Reliance Industries (RIL) on Friday reported a 16 per cent year-on-year rise in the March quarter net profit to Rs 7,398 crore on the back of higher refining and petrochem margins.

Here are 10 key takeaways from its Q4 results

1. Consolidated net profit of Rs 7,398 crore in January-March is against Rs 6,381 crore in the same period a year ago.

2. RIL earned $10.8 on turning every barrel of crude oil into fuel compared with a gross refining margin of $10.1 in the fourth quarter of 2014-15.

3. The US Shale Gas business suffered due to sustained sequential drop in benchmark prices, both Natural Gas and WTI, and mixed trend in benchmark differentials. Consequently, the business financials suffered despite strong operational trend across joint ventures (JVs).

RIL

4. Operating Profit: Operating profit before other income and depreciation increased by 21.7 per cent on a Y-o-Y basis to Rs 12,008 crore from Rs 9,868 crore in the previous year. Strong operating performance from refining and petrochemicals businesses coupled with favourable exchange rate movement was partially offset by lower contribution from Oil & Gas business.

5. Other Income: Other income was lower at Rs 1,758 crore as against Rs 2,172 crore in corresponding period of the previous year due to change in investment mix.

6. EPS: Basic earnings per share (EPS) for the quarter ended March 2016 was at Rs 25.1 as against Rs 21.7 in the corresponding period of the previous year.

7. Debt: Outstanding debt as on March 31, 2016 stood at Rs 181,079 crore compared to Rs 160,860 crore as on March 31, 2015. Debt-to-equity ratio of RIL remained same at 0.74.

8. Cash and cash equivalents: Cash and cash equivalents as on March 31, 2016 were at Rs 86,033 crore.

9. Credit Rating: RIL retained its domestic credit ratings of AAA from CRISIL and FITCH and an investment grade rating for its international debt from Moody‟s as Baa2 and BBB+ from S&P.

10: From the desk of Mukesh D Ambani, chairman and managing director, Reliance Industries: “FY 2015-16 has been a year of outstanding achievement for our downstream hydrocarbon businesses, notwithstanding persisting global economic uncertainty. Refining and petrochemicals delivered record operating and financial performances. Our refineries sustained double-digit GRMs and record levels of utilisation through the year. Reliance Retail continued its path of profitable expansion while maintaining a robust revenue growth of 23 per cent during the year. Looking ahead, we are focused on ensuring a flawless start- up and stabilisation of the new growth.”

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