Reliance Industries Ltd barely grew its earnings in the fiscal third quarter as weak oil and gas revenues offset gains in the telecom and retail businesses.
Consolidated net profit of India’s largest company by market capitalization increased 0.56% year-on-year ₹Revenue increased by 10.51% to Rs 18,645 crore ₹2,69,496 crore, according to exchange filings on Friday. Analysts surveyed by Bloomberg had estimated the bottom line ₹19,896 crores.
RIL Q3 results (consolidated, year-on-year)
- Revenue increased by 10.51% ₹2,69,496 crore (estimate: ₹2,57,038 crores)
- EBITDA increased by 5.09% ₹Rs 46,018 crore (estimate: ₹47,997 crores)
- EBITDA margin declined 88 bps to 17.07% (estimate: 18.7%)
- Net profit increased by 0.56% ₹Rs 18,645 crore (estimate: ₹19,896 crores)
One basis point is one hundredth of one percentage point.
RIL shares fell 0.06% on Friday ₹1457.60 per share on the BSE, while the benchmark Sensex closed 0.23% higher at 83,570.35 points. Quarterly results were announced after market close.