Nifty 17469.75 (1.71%)
Sensex 58649.68 (1.76%)
Nifty Bank 37284.7 (1.82%)
Nifty IT 35956.75 (1.94%)
Nifty Financial Services 18282.7 (1.69%)
Adani Ports 761.40 (2.24%)
Asian Paints 3108.50 (2.58%)
Axis Bank 697.10 (1.47%)
B P C L 391.15 (0.86%)
Bajaj Auto 3326.00 (1.20%)
Bajaj Finance 7361.50 (3.64%)
Bajaj Finserv 17621.65 (3.00%)
Bharti Airtel 715.15 (2.33%)
Britannia Inds. 3570.00 (2.76%)
Cipla 897.95 (0.98%)
Coal India 150.90 (0.17%)
Divis Lab. 4604.95 (-0.43%)
Dr Reddys Labs 4570.70 (1.11%)
Eicher Motors 2500.00 (1.14%)
Grasim Inds 1716.25 (1.82%)
H D F C 2853.00 (1.26%)
HCL Technologies 1171.60 (1.91%)
HDFC Bank 1553.80 (1.84%)
HDFC Life Insur. 686.40 (-1.15%)
Hero Motocorp 2490.65 (1.17%)
Hind. Unilever 2340.60 (0.82%)
Hindalco Inds. 457.45 (3.38%)
I O C L 120.40 (-0.17%)
ICICI Bank 753.40 (2.55%)
IndusInd Bank 945.30 (2.01%)
Infosys 1753.35 (2.44%)
ITC 224.95 (1.95%)
JSW Steel 672.95 (1.86%)
Kotak Mah. Bank 1920.45 (-0.86%)
Larsen & Toubro 1825.05 (1.50%)
M & M 840.75 (1.79%)
Maruti Suzuki 7434.90 (3.46%)
Nestle India 19469.70 (0.65%)
NTPC 127.40 (1.64%)
O N G C 148.40 (1.71%)
Power Grid Corpn 204.80 (-0.49%)
Reliance Industr 2418.10 (1.52%)
SBI Life Insuran 1169.50 (0.89%)
Shree Cement 26106.90 (1.40%)
St Bk of India 491.55 (3.12%)
Sun Pharma.Inds. 757.55 (1.86%)
Tata Consumer 772.15 (1.51%)
Tata Motors 493.90 (2.51%)
Tata Steel 1173.00 (2.11%)
TCS 3626.90 (1.18%)
Tech Mahindra 1604.80 (1.79%)
Titan Company 2405.55 (1.05%)
UltraTech Cem. 7424.00 (1.71%)
UPL 729.30 (0.32%)
Wipro 641.70 (1.47%)
Reliance Industries Q2 results
News - Updates
by 5paisa Research Team 23/10/2021

India’s largest and most valuable continued to surprise the street on the positive side. For the second quarter ending Sep-21, Reliance Industries reported 49.84% growth in total revenues at Rs.174,104 crore. For the Sep-21 quarter, the bottom line net profits were up 43% on a YoY basis at Rs.13,680 crore. This is the highest PAT achieved by RIL in a quarter.
 

Reliance Industries Q2 results
 

Rs in Crore

Sep-21

Sep-20

YoY

Jun-21

QOQ

Total Income (Rs cr)

₹ 1,74,104

₹ 1,16,195

49.84%

₹ 1,44,372

20.59%

Operating Profit (Rs cr)

₹ 18,790

₹ 12,319

52.53%

₹ 16,485

13.98%

Net Profit (Rs cr)

₹ 13,680

₹ 9,567

42.99%

₹ 12,273

11.46%

Diluted EPS (Rs)

₹ 20.60

₹ 14.68

 

₹ 18.63

 

OPM

10.79%

10.60%

 

11.42%

 

Net Margins

7.86%

8.23%

 

8.50%

 


A better way would be to look at the numbers on a sequential basis, i.e. compared to the previous Jun-21 quarter. Compared to Jun-21, the revenues were higher by 20.59% compared to Rs.144,372 crore reported by Reliance Industries in the Jun-21 quarter. The robust YoY growth in the Oil to chemicals (O2C) business was on the strength of robust Brent Crude prices at above $85/bbl and above median gross refining margins or GRMs.

Check - Crude Oil at $83/bbl – Gainers & Losers

Let us now look at the break-up of the overall revenues. The largest O2C business of Reliance saw YoY growth of 58% at Rs.120,475 crore. The retail segment (consisting of the brick & mortar and online retailing of RRVL) saw growth of 10.5% at Rs.45,450 crore. The third big pillar of top line growth, digital business, saw revenues grow by 7.4% at Rs.24,362 crore.
 
Reliance Jio has already emerged as the largest mobile player in India in terms of subscriber numbers. However, ARPU pressures did stifle the top line growth in the quarter. While O2C still contributes the biggest share of revenues, retail and digital combined now contribute 60% of O2C revenues; which is a big deal.

Who contributed most to the EBIT of Reliance. O2C led the sweepstakes in absolute rupee terms, but its EBIT margins of the O2C business is just over 10%. Retail has even lower margins at about 6% on revenues, which is due to the front-ending of investments.

However, the star contributor to EBIT in terms of margins was digital business with EBIT margins of 40%. The EBIT contribution of retail and digital put together is as much as EBIT of O2C business. Interestingly, Reliance also reported 42% boost to cash profits at Rs.23,932 crore. Exports of Reliance in the quarter were up 59% YoY at Rs.59,844 crore.

Average revenue per user (ARPU) of Jio stood at Rs143.60, while data traffic was up 59% at 23 billion GB. EBITDA margins improved from 43.1% to 47%. However, due to the much larger top line base and the pressure of retail profitability, the net margins at 7.86% was lower than both comparable quarters.

Also Read:- 

Reliance Industries Q1 results

Reliance Industries (RIL) Share Price at 52 Week High

Open Demat Account

Enter First Name & Last Name
Enter Mobile Number
Enter correct otp
Please enter referal code
Start investing in just 5 mins
Free Demat account, No conditions apply
  • 0%* Brokerage
  • Flat ₹20 per order
Next Article

Start Investing Now!

Open Free Demat Account in 5 mins

 
 
There is some issue, try later