RIL reports 19% yoy rise in Q1F17 net profit of Rs. 7,548 crore: Mixed estimates

IIFL | Mumbai | July 15, 2016 18:13 IST

The company’s standalone revenue stood at Rs. 53,496 crore, down 18.72% yoy and 7.08% qoq.

RIL6
Reliance Industries, country’s largest oil to telecom conglomerate, reported standalone net profit of Rs. 7,548 crore for the quarter ended June 30, 2016, registering growth of 18.51% yoy and 4.45% qoq. The company’s standalone revenue stood at Rs. 53,496 crore, down 18.72% yoy and 7.08% qoq. Its standalone core operating profit of Rs.10,817 crore for the quarter, rising 17.90% yoy and 4.6% qoq. Operating profit margin for the current quarter was at 20.22%, rising 628 bps yoy, but declining 47bps qoq.

For the year ended June 30, 2016, the company reported consolidated net profit of Rs. 7,113 crore, increasing by 18.07% yoy and 2.64% qoq. Its consolidated revenue for the period stood at Rs. 64,990 crore, registering decline of 15.17% yoy but rising 8.91% qoq.

Reliance Industries' core operating profit stood at Rs. 11,223 crore, recording a rise of 12.69% yoy and a flat rise of 0.17% qoq. Operating margin for the current period stood at 17.26% increasing 427 bps yoy but contracting 150bps qoq.

Result Highlights: (Rs. in crore)

 
Reported Results IIFL Estimates Variance (%)
Standalone Revenue 53,496 58,095 -7.91
Standalone Net Profit 7,548 6,454 16.95


Standalone EPS for June quarter stood at Rs. 23.3

Stock Commentary:

Reliance Industries Ltd ended at Rs. 1012.55, up by Rs. 6.1 or 0.61% from its previous closing of Rs. 1006.45 on the BSE.

The scrip opened at Rs. 1010 and touched a high and low of Rs. 1020.65 and Rs. 1003.85 respectively. A total of 3556170(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 326362.85 crore.

The BSE group 'A' stock of face value Rs. 10 touched a 52 week high of Rs. 1089.5 on 15-Jan-2016 and a 52 week low of Rs. 819 on 24-Aug-2015. Last one week high and low of the scrip stood at Rs. 1015.8 and Rs. 978.55 respectively.

The promoters holding in the company stood at 45.15 % while Institutions and Non-Institutions held 32.38 % and 19.5 % respectively.

The stock traded above its 200 DMA.

***Note: This is a NSE Chart

 

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