Home / Knowledge / News / Textiles / RIL Q1'FY15 revenue hikes 7.2% to $17.9bn
RIL Q1'FY15 revenue hikes 7.2% to $17.9bn
21
Jul '14
Reliance Industries Limited (RIL) reported its financial performance for the first quarter ended 30th June, 2014.
 
Highlights of Quarter’s Performance (Consolidated) 
-Revenue (turnover) increased by 7.2 % to Rs. 107,905 crore ($ 17.9 billion) 
-PBDIT increased by 7.2 % to Rs. 11,016 crore ($ 1.8 billion) 
-Profit Before Tax increased by 16.8 % to Rs. 7,729 crore ($ 1.3 billion) 
-Cash Profit increased by 13.9 % to Rs. 8,984 crore ($ 1.5 billion) 
-Net Profit increased by 13.7 % to Rs. 5,957 crore ($ 1.0 billion)  
 
Commenting on the results, Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries Limited said, “RIL has delivered a record level of consolidated net profit, this quarter. This was achieved despite weak regional refining margins and a planned turnaround in our refinery. 
 
"The petrochemicals business performance highlights the strength of our portfolio mix and end market diversity. Alongside, this robust financial performance, we also made significant progress on our growth commitments. We have a great pipeline of new projects which will give Reliance an enduring competitive advantage. We are further expanding our retail business in existing markets while exploring newer markets and channels. At Reliance, social responsibility and care for the environment is an integral part of our economic success.”
 
Petrochemicals Business
1Q FY15 revenue from the Petrochemicals segment increased by 9.3% Y-o-Y to Rs. 25,398 crore ($ 4.2 billion). Revenue growth was primarily on account of increase in prices while EBIT was at Rs. 1,863 crore , an increase of 6% on a Y-o-Y basis. EBIT margin was lower at 7.3% due to weaker polyester chain margins which offset strength in polymer margins.  
 
Click here to view full results.
 

RIL


Must ReadView All

May 31 deadline for registration of chemicals under REACH

Textiles | On 23rd May 2018

May 31 deadline for registration of chemicals under REACH

May 31 is the final deadline for companies to register all chemicals...

US cotton production projected to decline in 2018: USDA

Textiles | On 23rd May 2018

US cotton production projected to decline in 2018: USDA

US cotton production is forecast at 19.5 million bales, nearly 7 per...

Pakistan's textile exports up 8.13% in July-April FY18

Textiles | On 23rd May 2018

Pakistan's textile exports up 8.13% in July-April FY18

The value of textile and garment exports from Pakistan increased by...

Interviews View All

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Erik Sy

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

Kai Poehler
Voith Paper GmbH & Co. KG

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

Urs Stalder
Sanitized AG

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

Lynda Kelly
Suominen Corporation

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

Bani Batra

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

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

Leave your Comments


May 2018

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

news category


Related Categories:

Advanced Search