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

Apparel/Garments | On 23rd Sep 2017

AAFA urges negotiators to preserve TPLs in NAFTA

The American Apparel & Footwear Association (AAFA), an alliance of...

Textiles | On 23rd Sep 2017

SIMA urges Centre to re-look duty drawback rates

he Southern India Mills’ Association (SIMA) has appealed to the...

Textiles | On 23rd Sep 2017

PKR 690.65-mn budget for Pakistan Cotton Committee

The Pakistan Central Cotton Committee (PCCC) recently approved a PKR...

Interviews View All

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Marten Alkhagen
Swerea IVF AB

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

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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

September 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


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