Reliance Industries Q2FY18 consolidated net profit rises 12.8% yoy to Rs.8,097 crore : Estimates Mixed

India Infoline Research Team | October 13, 2017 17:36 IST

Reliance Industries Ltd Q2FY18

Consolidated Results Q2FY18: (Rs. in crore)

Q2FY18 YoY (%)
Revenue 95,085 16.5
EBITDA 15,565 39.4
EBITDA Margin (%) 16.4 270
Net Profit (adjusted) 8,097 12.8
***EBITDA margin change is bps
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Reco. Price

876.7

Last updated on

13-Oct-2017


Reliance Industries Ltd.  Consolidated results for Q2FY18 came in mixed versus street estimates.Revenue for the quarter came in 11.1 % higher than the estimated figure of Rs. 85571 crore. EBITDA for the quarter came in 18.1 % higher than the estimated figure of Rs. 13178 crore. Lastly, net profit for the quarter came in 0.9 % lower than the estimated figure of Rs. 8169 crore. Also GRM for the quarter stood at $12/barrel versus estimated $12.5/barrel.

Reliance Industries Ltd. consolidated revenue for the quarter came in at Rs. 95085 crore, registering 16.5% yoy increase. This was primarily driven by rise in revenue from refinery business by 15.3% yoy to Rs. 69766 crores in Q2FY18 vs Rs. 60527 crores in Q2FY17. Also, digital services reported Rs. 7213 crores in Q2FY18 vs Rs. 200 crores in Q2FY17.

EBITDA for the quarter rose by 39.4% yoy to Rs. 15565 crore with a corresponding margin expansion of 270 bps. EBITDA margin for the quarter stood at 16.4%. 

The PAT for the quarter came in at Rs. 8097 crore, yoy increase of 12.8%. However, the company witnessed increase in finance cost to Rs. 2272 crores in Q2FY18 vs Rs. 883 crores Q2FY17. Also, effective tax rate increased by 1.22% during the quarter.

The company acquired equity stake in Balaji Telefilms which is in Media and Entertainment industry. Reliance Retail acquired 40% stake in Genesis Luxury Fasion which operates brands like Armani, Burberry, Coach etc.

Reliance Jio's subscriber base as on Q2FY18 were138.6 million. Net subscriber addition  during the quarter were 15.3 million. Also, Jio has reporter over 85% market share in the LTE smartphone base in the country. 


Technical View:

Reliance Industries Ltd ended at Rs. 876.70, up by 4.2 points or 0.48% from its previous closing of Rs. 872.50 on the BSE.
The scrip opened at Rs. 880 and touched a high and low of Rs. 891 and Rs. 874.25 respectively. A total of 1,04,58,962(NSE+BSE) shares were traded on the counter. The stock traded below its 50 DMA.

BSE 919.90 [0.65] ([0.07]%)
NSE 919.75 [1.75] ([0.19]%)

***Note: This is a NSE Chart

 

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