Home / Knowledge / News / Textiles / Q4 FY16 revenue up 8% at RIL's petrochemicals div
Q4 FY16 revenue up 8% at RIL's petrochemicals div
25
Apr '16
The petrochemicals division at Reliance Industries Limited (RIL) reported a rise of approximately 8 per cent to Rs 20,915 crore in its fourth quarter revenue of fiscal 2016, ending on March 31, as compared to Rs 19,398 crore in the third quarter of the same fiscal.

The petrochemicals segment at RIL includes production and marketing operations of petrochemical products namely high density polyethylene, low density polyethylene, linear low density polyethylene, polypropylene, polyvinyl chloride, polyester yarn, polyester fibres, purified terephthalic acid, paraxylene, ethylene glycol, olefins, aromatics, linear alkyl benzene, butadiene, acrylonitrile, poly butadiene rubber, caustic soda and polyethylene terephthalate.

Total petrochemicals production reported for the fourth quarter was 6.3 MMT as compared to a production of 6.4 MMT in Q3 of FY16, a fall of 1.5 per cent. However, the production reported for the fourth quarter of fiscal 2015 was 5.6 MMT, a rise of 12.5 per cent as compared to Q4 of FY16.

EBIT for Q4 of fiscal 2016 was Rs 2,713 crore at RIL’s petrochemicals division, a rise of 2.8 per cent as compared to Rs 2,639 crore in the previous quarter of FY16.

Commenting on the results, Mukesh Ambani, chairman and managing director of RIL said, “Our balanced petrochemical portfolio, across products and feedstocks, helped capture the benefit of vastly improved naphtha cracking economics and favourable polymer markets.”

“FY 2015-16 has been a year of outstanding achievement,” he added.

The consolidated turnover reported by the company in the fourth quarter of FY16 was Rs 64,569 crore as compared to Rs 73,341 crore in the previous quarter, a fall of 12 per cent.

Net profit for Q4 was Rs 7,398 crore as compared to Rs 7,290 crore in the previous quarter, a rise of 1.45 per cent. (MCJ)

Fibre2Fashion News Desk

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Lynda Kelly
Suominen Corporation

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Bani Batra

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

Judy Frater
Somaiya Kala Vidya

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

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search