Reliance Industries Q1 results highlights: Profit hits record Rs 9,459 cr; earnings from petchem business nearly double

Reliance Industries Q1 results: RIL today reported its financial performance for the quarter ended 30 th June, 2018. The Mukesh Ambani led company reported a record Rs 9,459 crore net profit in April-June on the back of near doubling of earnings from mainstay petrochemical business. Ambani reacted by saying: "Our petrochemicals business generated record EBITDA with strong volumes and an upswing in polyester chain margins. Refining business performance remained steady despite the seasonal weakness in cracks." Here are the highlights:

Reliance Industries Q1 results highlights: Profit hits record Rs 9,459 cr; earnings from petchem business nearly double

Reliance Industries Q1 results: RIL today reported its financial performance for the quarter ended 30 th June, 2018. The Mukesh Ambani led company reported a record Rs 9,459 crore net profit in April-June on the back of near doubling of earnings from mainstay petrochemical business. Ambani reacted by saying: "Our petrochemicals business generated record EBITDA with strong volumes and an upswing in polyester chain margins. Refining business performance remained steady despite the seasonal weakness in cracks." Here are the highlights:

HIGHLIGHTS OF QUARTER’S PERFORMANCE (CONSOLIDATED)

* Revenue increased by 56.5% to Rs 141,699 crore ($ 20.7 billion)

* PBDIT increased by 52.8% to Rs 22,449 crore ($ 3.3 billion)

* Profit Before Tax increased by 30.3% to Rs 13,726 crore ($ 2.0 billion)

* Cash Profit increased by 41.2% to Rs 15,892 crore ($ 2.3 billion)

* Net Profit increased by 17.9% to Rs 9,459 crore ($ 1.4 billion)

HIGHLIGHTS OF QUARTER’S PERFORMANCE (STANDALONE)

* Revenue increased by 41.0% to Rs 99,318 crore ($ 14.5 billion)

* Exports increased by 41.5% to Rs 52,501 crore ($ 7.7 billion)

* PBDIT increased by 27.5% to Rs 17,222 crore ($ 2.5 billion)

* Profit Before Tax increased by 16.7% to Rs 12,322 crore ($ 1.8 billion)

* Cash Profit increased by 18.4% to Rs 12,586 crore ($ 1.8 billion)

* Revenue increased by 56.5% to Rs 141,699 crore ($ 20.7 billion)

* PBDIT increased by 52.8% to Rs 22,449 crore ($ 3.3 billion)

* Profit Before Tax increased by 30.3% to Rs 13,726 crore ($ 2.0 billion)

* Cash Profit increased by 41.2% to Rs 15,892 crore ($ 2.3 billion)

* Net Profit increased by 17.9% to Rs 9,459 crore ($ 1.4 billion)

HIGHLIGHTS OF QUARTER’S PERFORMANCE (STANDALONE)

* Revenue increased by 41.0% to Rs 99,318 crore ($ 14.5 billion)

* Exports increased by 41.5% to Rs 52,501 crore ($ 7.7 billion)

* PBDIT increased by 27.5% to Rs 17,222 crore ($ 2.5 billion)

* Profit Before Tax increased by 16.7% to Rs 12,322 crore ($ 1.8 billion)

* Cash Profit increased by 18.4% to Rs 12,586 crore ($ 1.8 billion)

* Net Profit increased by 7.6% to Rs 8,820 crore ($ 1.3 billion)

* Gross Refining Margin (GRM) of $ 10.5/bbl for the quarter