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Q3FY16 net soars 38.7% at Reliance Industries

20 Jan '16
4 min read


Fabric transactions in China textile city registered growth of 12 per cent over the prior quarter owing to seasonal demand for Christmas and New Year Holidays.

According to the company, PET markets globally performed relatively better in the reporting quarter supported by seasonal demand in major end users segment and PET delta were lower by 3 per cent quarter on quarter.

“Despite regional weakness, domestic polyester markets exhibited encouraging demand growth during the current quarter,” Reliance noted.

The company said that polyester demand in the third quarter increased 6 per cent year on year, led by growth in PFY and PET segments.

“Stable demand from fabrics market and inventory replenishment from downstream improved filaments demand, while PET demand improved 24 per cent over the prior quarter supported by the festive season.

RIL successfully commissioned new PTA plant at Dahej in January 2016, strengthening its intermediates portfolio and will cater to the new PET plant within Dahej complex, providing significant logistics advantages.

RIL's fibre intermediate production in the quarter under review surged 39 per cent over the fiscal ago quarter to 1.7 million metric tons, led by a new PTA plant start-up earlier during this financial year.

“Polyester production also witnessed growth of 22 per cent year on year to 500,000 metric tons, reflecting ramp-up of new PET capacity at Dahej,” the company remarked. (AR)

Fibre2Fashion News Desk – India

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