Reliance Industries Announce financial Result for quarter ended 31 st March 2019

Posted On April 18th, 2019 - 2:45 pm | by Oil and gas press

Reliance Industries Limited (RIL) today reported its financial performance for the quarter/year ended 31st March 2019

HIGHLIGHTS OF QUARTER’S PERFORMANCE (CONSOLIDATED)

• Revenue increased by 19.4% to ` 154,110 crore ($ 22.3 billion)

• PBDIT increased by 16.3% to ` 24,047 crore ($ 3.5 billion)

• Profit Before Tax increased by 4.6% to ` 13,858 crore ($ 2.0 billion)

• Cash Profit increased by 6.1% to ` 16,349 crore ($ 2.4 billion)

• Net Profit increased by 9.8% to ` 10,362 crore ($ 1.5 billion)

Commenting on the results, Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries Limited said:

“During FY 2018-19, we achieved several milestones and made significant strides in building Reliance of the future. Reliance Retail crossed

₹ 100,000 crore revenue milestone, Jio now serves over 300 million consumers and our petrochemicals business delivered its highest ever earnings. I am proud of the entire Reliance team; their hard work and dedication has laid the foundation for these achievements and many more to come.

The Company has delivered record consolidated net profit of 39,588 crore for the year in a period of heightened volatility in the energy markets. I am delighted to highlight that our Company has more than doubled its PBDIT in last five years to 92,656 crore – establishing a global benchmark for value creation. Focus on service and customer satisfaction led to higher numbers of subscribers and footfalls across our consumer businesses, driving robust revenue growth. Our endeavour is to create better experiences for our customers, leading to a better shared future.”

Source / More : Reliance

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