April 24, 2017

Reliance Industries beats street estimates, post net profit at Rs 8,151 crore for Q4


Yes Bank beats estimates, reports Rs 914 crore Q4 net profitReliance Industries has reported a rise in Net Profit at Rs 8,151 crore, up by 1.60 percent for the quarter ended on March 2017. Its annual profit stood at Rs 31,425 for FY17, up by 18.80 percent Y-o-Y.

Company’s Gross Refining Margins improved by 6 percent to $11.5 per barrel, as against $10.8 in FY16 for the same period.

The company reported a standalone Total Revenue of Rs 74,598 crore, up by 12 percent as compared with Rs 66,606 crore for previous quarter. Its annual Total Revenue for FY17 stood at Rs 265,041 crore as compared with FY16 of Rs 251,241 crore.

The EBIDTA (Earnings Before Interest, Tax, Depreciation and Amortisation) margin of the company surged by 17.09 percent, to Rs 75,696 crore as compared to Rs 69,631 Q-o-Q for FY17.

The Petrochemical EBIT (Earnings Before Interest & Tax) margin for the quarter ended on March 2017, declined to 13.6 percent from 13.9 per cent Y-o-Y in the same period. Even Refining EBIT (Earnings Before Interest & Tax) margins too were down by 9.8 percent, as compared with 15.8 percent for FY16 in the same quarter.

The company has recommended a dividend of Rs 11 per Equity Share on face value of Rs 10.

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