Home / Knowledge / News / Textiles / Reliance Industries revenues up 31.9%
Reliance Industries revenues up 31.9%
Apr '12
The biggest private sector company in India – Reliance Industries Ltd (RIL) which has interests from oil and farm to retail, reported record revenues of Rs 3397.92 billion ($66.8 billion), up a staggering 31.9 percent in fiscal 2011-12, from a year earlier.

However, its net profits grew marginally by just 2.2 percent from a year ago to Rs 197.24 billion ($3.9 billion). It also clocked exports of Rs 2080.42 billion ($40.9 billion), which is equivalent to 14% of India's overall exports in the previous fiscal year.

Commenting on the results, Mukesh Ambani, Chairman and Managing Director, Reliance Industries Limited said, “Our businesses have delivered industry leading performances. This is a reflection of the quality of our assets and growing demand for our products and services in India and internationally.

He added, “We have created a strong foundation for future growth and are investing in our core upstream and petrochemical businesses in India. Response to our organized retail business has been very encouraging and we continue to expand our footprint by building more stores across verticals, formats and geographies”.

Petrochemical segment:
In March 2012, the petrochemical business of RIL was certified as a “Responsible Care Company” under stringent standards of American Chemistry Council (ACC), USA and in turn became the first Indian company to bag the honour.

During the year ended 31st March 2012, revenue for the petrochemical segment increased by 27.7% from Rs 631.55 billion to Rs 806.25 billion ($ 15.8 billion). Increase in volume accounted for 6.8% growth in revenue and increase of prices accounted for 20.9% growth in revenue. PX and PP were the largest contributors in terms of revenue growth for the year.

During the year, PX and MEG deltas improved due to unplanned shutdowns while PTA deltas suffered due to oversupply and weaker demand from polyester products. PFY and PSF deltas moderated from the record high levels achieved in 4Q FY 2010-11 and were impacted by the weakness in cotton prices. PET deltas improved due to good beverage demand on account of extended warm weather.

Domestic demand for polyester products increased by 2%, primarily due to robust consumption growth for PET. Heavy power shortage in south Indian states is impacting PSF consumption. POY is having steady growth at 3%.

During the year, production of fiber-intermediates (PX, PTA and MEG) increased by 5% to 4.8 million tonnes. Polyester (PFY, PSF and PET) production volumes decreased by 2% to 1.7 million tonnes due to changes in the product mix.

During the year, polymer business saw a mixed trend in terms of product margins with moderate domestic demand across key polymers. Polypropylene (PP), which is the largest part of RIL's polymer portfolio, witnessed margin contraction while PVC deltas improved.

PE deltas continued to feel the impact of the substantial capacity added in Middle East and China over last couple of years.

Must ReadView All

Apparel/Garments | On 26th Oct 2016

SGS develops 4C chemical management model for apparel

SGS, a leading inspection, auditing, certification, testing, and...

Textiles | On 26th Oct 2016

Platinum Equity acquires International Textile Group

International Textile Group (ITG) has been acquired by Platinum...

Information Technology | On 26th Oct 2016

EFI & Konica Minolta to sell cloud-based MIS solutions

Electronics For Imaging, Inc. (EFI), a global technology company...

Interviews View All

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Sonia Agarwal

‘The terms eco-friendly and organic are common but everyone perceives them ...

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search