RIL Q3 results: Reliance Industries (RIL) has reported a 9.3% year-on-year (YoY) growth in its consolidated net profit for the quarter ended December 2023, amounting to Rs 17,265 crore. This surpassed the estimated Rs 16,944 crore according to an ETNow poll.
The Mukesh Ambani-led company also witnessed a 3.6% YoY growth in its consolidated revenue from operations, reaching Rs 2.28 lakh crore. However, this figure was slightly lower than the estimated Rs 2.36 lakh crore.
On a sequential basis, Reliance Industries experienced a 0.7% decline in its bottom line and a nearly 3% fall in its topline.
Furthermore, the company’s consolidated earnings before interest, taxes, depreciation, and amortization (EBITDA) or operating margin expanded by 210 basis points YoY and 50 bps sequentially, reaching 18%.
The consolidated finance cost rose by over 11% YoY to Rs 5,789 crore. At the consolidated level, the capital expenditure for the quarter was Rs 30,102 crore, down from Rs 38,815 crore in the previous quarter, according to an ET report.
Cash and cash equivalents as of December end were Rs 1.92 lakh crore, an increase from Rs 1.78 lakh crore in the preceding quarter. The outstanding debt at the consolidated level reached Rs 3.12 lakh crore as of December end, up from Rs 2.96 lakh crore a quarter ago and Rs 3.03 lakh crore a year ago. The net debt-to-EBITDA ratio was 0.67 times as of December end, compared to 0.66 times a quarter ago.
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The Mukesh Ambani-led company also witnessed a 3.6% YoY growth in its consolidated revenue from operations, reaching Rs 2.28 lakh crore. However, this figure was slightly lower than the estimated Rs 2.36 lakh crore.
On a sequential basis, Reliance Industries experienced a 0.7% decline in its bottom line and a nearly 3% fall in its topline.
Furthermore, the company’s consolidated earnings before interest, taxes, depreciation, and amortization (EBITDA) or operating margin expanded by 210 basis points YoY and 50 bps sequentially, reaching 18%.
The consolidated finance cost rose by over 11% YoY to Rs 5,789 crore. At the consolidated level, the capital expenditure for the quarter was Rs 30,102 crore, down from Rs 38,815 crore in the previous quarter, according to an ET report.
Cash and cash equivalents as of December end were Rs 1.92 lakh crore, an increase from Rs 1.78 lakh crore in the preceding quarter. The outstanding debt at the consolidated level reached Rs 3.12 lakh crore as of December end, up from Rs 2.96 lakh crore a quarter ago and Rs 3.03 lakh crore a year ago. The net debt-to-EBITDA ratio was 0.67 times as of December end, compared to 0.66 times a quarter ago.
Stay tuned for more updates on this news.