Reliance Industries' profit on a standalone basis, which includes the company's refining, petrochemicals and oil and gas exploration businesses, but primarily excludes retail and telecom operations, stood at Rs 8,454 crore in the quarter ended December 31, up from Rs 8,022 crore a year earlier.
Revenue from operations during the quarter jumped 21.74 per cent year-on-year to Rs 1,02,500 crore compared with Rs 84,189 crore reported for the same period last year. The company had reported PBDIT of Rs 333 crore during the corresponding period past year. Interestingly, Jio's first ever profit came just a day after rival and India's largest telecom operator Bharti Airtel reported a decline in consolidated net profit for the seventh straight quarter.
EBITDA jumped 82.1 per cent quarter-on-quarter to Rs 2,628 crore and the net profit stood at Rs 504 crore.
The owner of world's largest refining complex earned Dollars 11.6 on turning every barrel of crude oil into fuel in October-December as against a gross refining margin (GRM) of USD 10.8 in the same period a year ago.
The company's refining business delivered double-digit refining margins for the 12th consecutive quarter, demonstrating operating excellence and healthy industry fundamentals.
The revenue from the Petrochemicals segment for the quarter ended December 2017 increased by 47.6 percent on a YoY basis to Rs33,726 crore (USD 5.3 billion) due to higher volumes and prices.
Similarly, Phillip Capital on GRM, however, said that there will be 115% growth in refining utilisation higher petrochem volumes and lower margins for RIL.
Outstanding debt as on 31st December 2017 was INR 213,206 crore ($ 33.4 billion) compared to INR 196,601 crore as on 31st March 2017.
Reliance said pre-tax profit from petrochemical business, where all expansion projects have been completed, was at record high of Rs 5,753 crore in the third quarter of the current fiscal.
By the end of December 31, the company said, its customer base touched 160.1 million.
The 4G entrant said that it had continued its strong subscriber growth trend with gross adds during the quarter of 27.8 million as against 19.5 million in the trailing quarter.
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