Home / Knowledge / News / Textiles / Q1FY17 revenue drops 16.7% at Reliance Industries
Q1FY17 revenue drops 16.7% at Reliance Industries
18
Jul '16
Revenue at Mukesh Ambani led Reliance Industries Ltd (RIL) dropped 16.7 per cent year over year to Rs 59,493 crore for the three months ending June 30, 2016.

While, exports too declined 9.4 per cent from a fiscal ago quarter to Rs 33,282 crore, profit before tax, however surged 20.7 per cent to Rs 9,976 crore in the first quarter of fiscal 2016-17.

Cash profit also increased 13.8 per cent year on year to Rs 9,734 crore, while net profit also drove up 18.5 per cent to Rs 7,548 crore.

Sales from the petrochemicals segment declined marginally by 0.7 per cent over the prior fiscal's first quarter to Rs 20,718 crore, reflecting lower product prices resulting from decline in feedstock prices.

“This was partially offset by higher volumes mainly on account of new PTA and PET capacities and revenues declined marginally, primarily on account of lower volumes caused by disruption at Dahej,” RIL said.

Petrochemicals segment EBIT stood at a record level of Rs 2,806 crore in the reporting quarter, supported by demand led strength in polymer deltas.

Revenues from organised retail for the quarter under review soared 45.8 per cent year on year to Rs 6,666 crore from Rs 4,572 crore in the first quarter of fiscal 2015-16.

“The increase in turnover was led by growth in digital, fashion & lifestyle and petroleum products,” India's biggest private sector company stated.

“The organised retail business delivered strong PBDIT of Rs 240 crore as against Rs 198 crore in the corresponding period of the previous fiscal,” RIL added.

During the quarter, Reliance Retail added 138 stores across various store concepts, strengthened its distribution network for consumer electronics and enhanced omni commerce channel offerings. (AR)

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Fashion Revolution/Fashion Transparency Index

Apparel/Garments | On 23rd Apr 2018

Transparency helps in swiftly alerting brands

Disclosing key supplier, supply chain and operational information...

Japan’s clothing imports up 4% in fiscal 2017

Apparel/Garments | On 23rd Apr 2018

Japan’s clothing imports up 4% in fiscal 2017

Japan’s imports of clothing and accessories increased by 4 per cent...

Courtesy: Fashion Revolution/Fashion Transparency Index

Fashion | On 23rd Apr 2018

Top global fashion brands now more transparent

Fashion Revolution’s Fashion Transparency Index 2018 reveals Adidas...

Interviews View All

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Top executives
Textile industry, India

Such fairs are a must for industry to showcase new innovations

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Sugandha Bhardwaj

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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


April 2018

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
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

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
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

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
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

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
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


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