Financial highlights for Sep-20 compared yoy and sequentially
|Rs in Crore||Sep-20||Sep-19||YOY||Jun-20||QOQ|
|Diluted EPS (Rs)||14.68||18.47||20.63|
Key takeaways from the Sep-20 quarter results
- For the Sep-20 quarter, the biggest contributor to overall revenues continues to be oil refining. Out of the four major pockets of business that RIL now focuses on, the contribution to revenues was as under. Oil refining accounted for the bulk of 38% of the total revenues for the quarter following by retail segment generating 24% of the total revenues. In addition, petchem generated 18% while digital generated 14%. These four segments collectively accounted for 94% of total revenues.
- The picture gets a lot more interesting when you look at the EBITDA contributions. Out of the total EBITDA figure of Rs20,885cr, Digital accounted for 40% following by petchem at 29%. Refining contributed just about 14% of EBITDA while retail contributed another 10%. Clearly, digital is making its presence felt in the EBITDA game in the quarter.
- In the latest quarter debt equity ratio fell sharply from 0.72 last year to 0.46 in Sep-20 after Reliance prepaid long term debt to the tune of Rs54,198cr during the latest quarter. That is the reason why the sharp fall of the debt service coverage to 0.23 looks a tad out of place. This should stabilize in the coming quarters. It is one more step towards their zero-debt target by Mar-21.