RIL Q2 FY2019-20 result highlights: Net profit rises by 9.5% to Rs 9,702 crore

Reliance Industries Limited (RIL) today reported its financial performance for the second quarter ended September 30, 2019, posting net profit of 7.4% sequentially to Rs 9,702 crore, according to the company’s statement. 

Highlights of the Q2 results (consolidated) are: 

• Revenue increased by 4.8% to Rs 163,854 crore ($ 23.1 billion)
• PBDIT increased by 15.5% to Rs 25,820 crore ($ 3.6 billion)
• Profit Before Tax increased by 14.1% to Rs 15,055 crore ($ 2.1 billion)
• Cash Profit increased by 18.0% to Rs 18,305 crore ($ 2.6 billion)
• Net Profit increased by 18.3% to Rs 11,262 crore ($ 1.6 billion)

Highlights of the Q2 performance (Standalone) are: 

• Revenue decreased by 8.4% to Rs 94,446 crore ($ 13.3 billion)
• Exports decreased by 12.1% to Rs  53,161 crore ($ 7.5 billion)
• PBDIT increased by 2.3% to Rs 17,295 crore ($ 2.4 billion)
• Profit Before Tax increased by 4.4% to Rs 12,255 crore ($ 1.7 billion)
• Cash Profit increased by 7.5% to Rs 13,020 crore ($ 1.8 billion)
• Net Profit increased by 9.5% to Rs 9,702 crore ($ 1.4 billion)

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• Gross Refining Margin (GRM) of $ 9.4/bbl for the quarter
• Refining Throughput of 16.7 MMT during the quarter
• Petchemicals Production of 9.9 MMT during the quarter