Home / Knowledge / News / Textiles / Revenues rise 12.9% at Reliance Industries in April-Dec
Revenues rise 12.9% at Reliance Industries in April-Dec
19
Jan '13

The biggest private sector company in India – Reliance Industries Ltd (RIL) released results for third quarter ending December 31, 2012 and for nine months from April 2012 to December 2012.

 

HIGHLIGHTS OF NINE MONTH’S PERFORMANCE
• Revenue (turnover) increased by 12.9% to Rs. 284,500 crore ($ 51.7 billion) 
• Exports increased by 14.6% to Rs. 179,581 crore ($ 32.7billion) 
• PBDIT at Rs. 28,717 crore ($ 5.2billion) 
• Profit Before Tax at Rs. 19,164 crore ($ 3.5 billion) 
• Cash Profit at Rs. 22,561 crore ($ 4.1billion) 
• Net Profit at Rs. 15,414 crore ($ 2.8 billion) 
• Gross Refining Margin at $9.0/bbl for the nine month ended 31stDecember 2012 
 
HIGHLIGHTS OF QUARTER’S PERFORMANCE- 3Q FY13 V 2Q FY13 
• Revenue (turnover) increased by 3.3% to Rs. 96,307 crore ($ 17.5 billion) 
• Exports increased by 16.6% to Rs. 66,915 crore ($12.2 billion) 
• PBDIT increased by 2.3% to Rs. 10,113 crore ($ 1.8 billion) 
• Profit Before Tax increased by 0.1% to Rs. 6,850 crore ($ 1.2 billion) 
• Cash Profit increased by 2.0% to Rs. 7,938 crore ($ 1.4 billion) 
• Net Profit increased by 1.7% to Rs. 5,502 crore ($1.0 billion) 
• Gross Refining Margin at $9.6/bbl 
 
Commenting on the results, Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries Limited said: “RIL’s performance has improved in this quarter with margin expansion in petrochemicals and record earnings in the refining business. We are investing over Rs 100,000 crore by expanding our petrochemical capacities and adding value to our refining business. These investments will secure a significant change in RIL’s earning capacity on commissioning of these projects. It will also provide employment opportunity for thousands of young Indians and support India’s economic growth”. 
 
Click here to view and download results.
 

Reliance Industries LImited

Must ReadView All

Textiles | On 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 29th Apr 2017

EU rules needed to curb textile worker exploitation: MEPs

European Union (EU) rules are needed to oblige textile and clothing...

Apparel/Garments | On 29th Apr 2017

US retail operating growth to be 1.5-2.5% in 2017: Moody's

The forecast for operating income growth in the US over the next 12...

Interviews View All

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X