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: Mikes Photos from Pexels

Apparel/Garments | On 17th Oct 2018

Bangladesh garment exports swell 14.66% in Q1 FY19

Readymade garment exports from Bangladesh increased by 14.66 per cent ...

Courtesy: Sourcemap

Apparel/Garments | On 17th Oct 2018

Sourcemap launches 1st free digital map of apparel units

New York-based software company Sourcemap recently launched the Open...

US apparel industry is already highly tariffed: AAFA

Apparel/Garments | On 17th Oct 2018

US apparel industry is already highly tariffed: AAFA

The American apparel and footwear industry is highly tariffed, as per ...

Interviews View All

Neel Sawhney, One Friday

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Priyanka, Studio Priyanka Rajiv

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Karin Ekberg, Leadership & Sustainability

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Ramez Basmaji,

Ramez Basmaji

Fabusse is a Lebanon-based fashion agency that offers a variety of...

Rikesh Mistry,

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Sugandha Bhardwaj,

Sugandha Bhardwaj

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

Eamonn Tighe, Nature Works LLC

Eamonn Tighe
Nature Works LLC

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

Georg Reinhold, Trützschler  Nonwovens & Man-Made Fibers

Georg Reinhold
Trützschler Nonwovens & Man-Made Fibers

Trützschler Nonwovens & Man-Made Fibers, a part of the Trützschler Group,...

Ray Baughman, University of Texas -Dallas

Ray Baughman
University of Texas -Dallas

<div>A team of scientists and researchers have discovered twistrons,...

Nisha Chanda, Whistling Woods International School of Fashion

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Vaanee Bhatia, Gritstones Clothing

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Silvia Venturini Fendi, Fendi s.r.l

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

Leave your Comments


October 2018

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

news category


Related Categories:

Advanced Search