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

Union MSME minister Kalraj Mishra

Textiles | On 1st Oct 2016

MSME policy announcement likely in October

The MSME policy is likely to be launched in October, according to...

Textiles | On 1st Oct 2016

GST Council approves rules on payments & returns

The second meeting of the GST Council, headed by Union finance...

Bangladesh’s WTO ambassador Shameem Ahsan (right) submitting his country’s TFA instrument of acceptance to WTO director-general Roberto Azevêdo. Courtesy: WTO

Textiles | On 1st Oct 2016

Bangladesh ratifies WTO’s Trade Facilitation Agreement

Bangladesh has ratified the Trade Facilitation Agreement (TFA),...

Interviews View All

Karan Suratwala
Key Textile Accessories Private Limited

<font color="#545454" face="arial, sans-serif" size="2">The company is...

Larry L Kinn
Suominen Corporation

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

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...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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
September 2016

September 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search