Reliance Retail's PBDIT jumps 65.8% to Rs 398 crore
Reliance Retail's PBDIT jumps 65.8% to Rs 398 crore
The company said on Thursday that Reliance Jio will launch a rights issue of shares to raise Rs 20,000 crore
21 July, 2017, 01:39
Revenues on a consolidated basis for RIL during the quarter grew 26.7%, to Rs 90,537 crore, against RS 71,451 crore in Q1FY17. Balaji Telefilms is promoted by Ekta Kapoor and her family, led by her father and yesteryear Bollywood superstar Jeetendra. "This investment is a vote of confidence to the Company's strategic move to own our IP and our viewers".
Axis Capital acted as the sole investment banker for this transaction.
The company said that the increase in revenue was primarily on account of increase in prices and volumes of refining and petrochemical products partially offset by lower prices and volumes from E&P business. Gross Refining Margins (GRM) for 1Q FY18 stood at United States dollars 11.9/bbl as against USD 11.5/bbl in 1Q FY17. The total volume of shares traded was 227,482 at the BSE (Thursday).
Reliance Industries (RIL) disclosed a good increase in consolidated net profit for the quarter ended June 2017.
Singapore GRM was flat at Dollars 6.40 a barrel QoQ as lower cracks for light and middle distillates were offset by stronger fuel oil cracks and lower freight, it said. Further, favorable Brent-Dubai differential aided crude sourcing during the quarter.
Motilal Oswal Securities expects RIL to post an inventory loss of $1 a barrel.
"Our Company recorded yet another strong quarterly performance with a net profit of Rs9,108 crores, up 28% Y-o-Y". Profit Before Tax increased by 5.9% to Rs 10,561 crore ($ 1.6 billion).
Standalone revenue from operations climbed 18.4 percent to 704.34 billion rupees. Retail business also witnessed accelerated growth momentum with YoY revenue growth of 74 per cent. "Full commissioning of the new PX facility...will strengthen the integration with our polyester chain, Ramp-up of ethane import projects has helped in diversifying feedstock resources and mitigating risks for our existing crackers at Dahej and Hazira". "Revenue was also boosted by robust growth in retail business which recorded a 73.6 per cent increase in revenue to Rs 11,571 crore", it said.
RIL's net debt as on June 30 stood at Rs 1,28,567 crore; and the company had cash and cash equivalents to the tune of Rs 72,107 crore.
The shares slid 0.3% to close at ₹1,528.70 prior to the results, which were announced after close of trading.
CELTIC fans can not believe Leigh Griffiths has been charged by Uefa for "provoking spectators" against Linfield . The charges against Linfield FC include the throwing of objects onto the pitch and a field invasion by fans.
According to USDA, the World Organization for Animal Health has recognized the United States as having "negligible risk for BSE". The OIE, the worldwide organization for animal health, recognizes the U.S.as a country at negligible risk for BSE.
Justice League 2 is also looking for a new premiere date after news broke that its 2019 release would need to be pushed back. Pictures announced two release dates today for a pair of unspecified DC Extended Universe movies.
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Ed sang a "new" song, "Hands of Gold", which has significant meaning within the A Song of Ice and Fire universe. Chart-topping musician Ed Sheeran is to play Lisa's love interest in an upcoming episode of " The Simpsons ".
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This comes after McConnell announced Saturday that he would delay a vote this week on the revised health care bill. Trump's promises also included offering a plan to cover everyone for less cost, without any cuts to Medicaid.
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Philadelphia police on DiNardo farm in Bucks, report says
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D-backs get JD Martinez
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State pension age to hit 68 in 2038
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Audi ad likens women to used cars in Chinese ad
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Kelly captive claims father sent her to live with singer
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Caitlyn Jenner and Steven Tyler Are Recording a Duet
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BHP hit by $546m Chilean strikes burden
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