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Reliance Industries Ltd Q1FY22 consolidated net profit declines to Rs. 12273 crores

Posted On: 2021-07-23 17:10:16 (Time Zone: UTC)


RELIANCE INDUSTRIES LTD. (RIL) has reported financial results for the period ended June 30, 2021.

Financial Results (Q1 FY 2021-22) - QoQ Comparison

The company has reported total income of Rs.148591 crores during the period ended June 30, 2021 as compared to Rs.158133 crores during the period ended March 31, 2021.

The company has posted net profit / (loss) of Rs.12273 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.13227 crores for the period ended March 31, 2021.

The company has reported EPS of Rs.18.63 for the period ended June 30, 2021 as compared to Rs.20.13 for the period ended March 31, 2021.

FinancialsQ1 FY2021-22Q4 FY20-21% Change
Total Income₹ 148591 crs₹ 158133 crsDown Tick -6.03%
Net Profit₹ 12273 crs₹ 13227 crsDown Tick -7.21%
EPS₹ 18.63₹ 20.13Down Tick -7.45%

Financial Results (Q1 FY 2021-22) - YoY Comparison

The company has reported total income of Rs.148591 crores during the period ended June 30, 2021 as compared to Rs.95626 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.12273 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.13233 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.18.63 for the period ended June 30, 2021 as compared to Rs.20.63 for the period ended June 30, 2020.

FinancialsQ1 FY2021-22Q1 FY2020-21% Change
Total Income₹ 148591 crs₹ 95626 crsUp Tick 55.39%
Net Profit₹ 12273 crs₹ 13233 crsDown Tick -7.25%
EPS₹ 18.63₹ 20.63Down Tick -9.69%

Commenting on the results, Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries Limited said: "I am happy that our Company has delivered robust growth despite facing a highly challenging operating environment caused by the second wave of the COVID pandemic. The results of the First Quarter of FY2022 clearly demonstrate the resilience of Reliance's diversified portfolio of businesses that cater to large parts of the consumption basket.

In our O2C business, we generated strong earnings through our integrated portfolio and superior product placement capabilities. Along with our partner bp, we commissioned the satellite cluster in KG D6 and continued to ramp up production, contributing to 20% of gas production in India. This will be a major contribution to our country's energy security.

Jio has posted yet another record quarterly performance with industry leading operating metrics. I am thankful to Jio's family of loyal subscribers whose number has grown further during the quarter, consolidating its position as India's No. 1 provider of digital connectivity and services. They appreciate our continuing focus on raising the bar for superior service quality.

COVID-related restrictions on store operations during the quarter impacted our Retail business operations and profitability. This is a temporary phenomenon. We remained focused on ensuring supplies of necessities, including food, grocery, health & hygiene products through a combination of online-offline channels. We stepped up our efforts in creating partnerships with small merchants and digital engagement with consumers. This is creating a newer and inclusive model of growth. I am confident that the retail business is poised to create exponential value and growth.

I am most excited by the swift start to our new Clean and Green Energy business initiative. We have started investment across all verticals to execute our ambitious plans. We are also resolutely implementing our vision of net carbon zero before 2035, which is our highest priority. We remain committed to disciplined capital allocation with an emphasis on long-term value creation for our shareholders."

Shares of RELIANCE INDUSTRIES LTD. was last trading in BSE at Rs. 2105.2 as compared to the previous close of Rs. 2121. The total number of shares traded during the day was 253418 in over 17708 trades.

The stock hit an intraday high of Rs. 2135 and intraday low of 2102.85. The net turnover during the day was Rs. 536906207.


Source: Equity Bulls

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