Home / Knowledge / News / Textiles / Reliance Industries H1 FY'13 sales up 4.7%
Reliance Industries H1 FY'13 sales up 4.7%
21
Oct '13
Reliance Industries Limited (RIL) reported its financial performance for the quarter / half year ended 30th September, 2013.

Highlights of half year’s performance

- Revenue (turnover) increased by 4.7% to ` 197,112 crore ($ 31.5 billion)

- Exports increased by 19.3% to ` 134,455 crore ($ 21.5 billion)

- PBDIT increased by 4.9% to ` 19,519 crore ($ 3.1 billion)

- Profit Before Tax increased by 9.9% to ` 13,533 crore ($ 2.2 billion)

- Cash Profit increased by 3.1% to ` 15,077 crore ($ 2.4 billion)

- Net Profit increased by 9.4% to ` 10,842 crore ($ 1.7 billion)

- Gross Refining Margin at $ 8.0 /bbl for the half year ended 30th September 2013

Highlights of quarter’s performance

- Revenue (turnover) increased by 14.2% to ` 106,523 crore ($ 17.0 billion)

- Exports increased by 34.9% to ` 77,429 crore ($ 12.4 billion)

- PBDIT increased to ` 9,909 crore ($ 1.6 billion)

- Profit Before Tax increased to ` 6,871 crore ($ 1.1 billion)

- Cash Profit decreased by 1.5% to ` 7,668 crore ($ 1.2 billion)

- Net Profit increased by 1.5% to ` 5,490 crore ($ 0.9 billion)

- Gross Refining Margin at $ 7.7 /bbl for the quarter ended 30th September 2013

Commenting on the results, Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries Limited said: “RIL’s first half performance reflects the resilience of our business model in a period of volatility and uncertainty. Our diversified and integrated petrochemicals business captured margins across segments – delivering near-record profit levels even as the domestic economy slowed.

“Optimal utilization of best-in-class refinery assets and inherent flexibility in sourcing, product delivery contributed to healthy operating profits from our refining business. Retail business continues to break new ground, growing 41% in 1H FY14. Reliance’s ongoing countercyclical investments will strengthen our competitive position in each business segment.”

Click here to read full results

Reliance Industries


Must ReadView All

UK GDP growth to stay steady but subdued: CBI

Textiles | On 8th Dec 2017

UK GDP growth to stay steady but subdued: CBI

The gross domestic product (GDP) in the United Kingdom (UK) will grow ...

Amazon launches operations in Australia

Apparel/Garments | On 8th Dec 2017

Amazon launches operations in Australia

US online retail giant Amazon recently unveiled its business in...

Courtesy: G-III Apparel

Apparel/Garments | On 8th Dec 2017

Q3 FY18 G-III Apparel sales up 16% to $1.02 billion

For the third quarter of fiscal 2018, net sales of G-III Apparel...

Interviews View All

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Marcel Alberts
Eurofibers

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...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Pranav Mishra
Huemn

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

Bani Batra

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

Silvia Venturini Fendi
Fendi s.r.l

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

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

December 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
69.2%
No
12.1%
Skip
18.7%

Total Votes: 91

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
61.5%
No
30.8%
Skip
7.7%

Total Votes: 91

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
86.8%
No
9.9%
Skip
3.3%

Total Votes: 91

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
81.3%
No
8.8%
Skip
9.9%

Total Votes: 91


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