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Values in Rs. in  Crores

Reliance Sep 23 Revenue as compared to Sep,22 Nearly Maintains by 0.9% to Rs.234956 Crore and Year on Year Profit flies by 28.2% to Rs.19878 Crore. Quarter to Quarter Revenue Surge by 11.4% and Q to Q Profit grown by 8.9%

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Revenue Analysis:

Reliance, has reported a revenue of Rs. 234956 Crore, which has nearly remains regular by 11.4% as compared to previous quarter revenue of Rs. 210831 Crore. As compared to revenue of September-22, there is a nearly stays similar by 0.9% from Rs. 232863 Crore. to Rs. 234956 Crore.


Market Expectations V/s Actual

The Market Estimate of the Revenue was Rs.224491 Crore . Company's reported Revenue of Rs. 234956 is fairly in line with expectations.


Segment Revenue and Analysis

The Major Segments have been, Digital Services ,Oil to Chemicals (O2C) and Retail. The share of each major segments are Digital Services : 32657 Crore [13.9%] ,Oil to Chemicals (O2C) : 147988 Crore [63.0%] and Retail : 77163 Crore [32.8%].

 



Profit and Cost Analysis

Quarterly Profit has balloons by 28.2% to Rs.19878 Crore from Rs. 15512 Crore, when compared with year ago quarter results. In comparison with preceding quarter of June, 2023 , quarter profit has increases by 8.9% to Rs.19878 Crore from Rs. 18258 Crore. Net Profit % of the Company has remained at 8.5% compared to 8.7% in previous quarter and 6.7% in year ago quarter.


On analysis, it is observed that this Quarter's EBITDA (Operating Profit) Margin has nearly remains regular to 17.4% from 18.1% as compared with June, 2023 quarter. The reason for the nearly maintains same of EBITDA Margin is due to,

a) Cost of Sales has increases to 65.0% (Previous Quarter: 62.5%). Cost of Sales in absolute terms has increases sharply from Rs. 131668 Crore to 152709 Crore.

b) Employee Cost has turndowns to 2.5% (Previous Quarter: 3.1%). Employee Cost in exact value has dwindle from Rs. 6601 Crore to 5947 Crore.

c) Other Expenses has slip to 15.0% (Previous Quarter: 16.3%). Other Expenses zooms from Rs. 34469 Crore to 35332 Crore.


The finance cost has shrinks from Rs. 5837 Crore to 5731 Crore by -1.8%.


Key Matrix:

Price to Earning (PE) ratio of the company is 23.68 as compared to the Industry PE of 27.6. PE is better placed which signifies that neither company is overvalue or undervalued. Companies Return on Equity (ROE) is 8.8% and Return of Capital Employed (ROCE) is 10.3%.


Share Price Movement:

The Return on Share Prices were -3.4% in past one month, -11.1% in 3 months, -7.2% in 6 months, -11.1% in 12 months, -10.6% in 24 months.


Summary:

To summarize, as compared to June'23, Revenue has surge by 11.4%. Gross Margin has slides from 37.5% to 35.0%. EBITDA Margin has nearly remains regular to 17.4% from 18.1%. and Net Profit After Tax Margin has increases to 8.5% from 8.7%.


The Brief of Quarterly Results is as follows:

Reliance Industries Ltd

Particulars (In Cr.)
Sep, 2023
Jun, 2023
Mar, 2023
Dec, 2022
Revenue
234956
210831
216376
220592
Cost of Goods Sold
152709
131668
137103
145737
Employee Cost
5947
6601
6471
6267
Other Expenses
35332
34469
34362
33341
EBITDA
40968
38093
38440
35247
Depreciation
12585
11775
11456
10187
Interest Expense
5731
5837
5819
5201
Other Income
3899
3889
2949
3213
Profit B4 Excep. Items
26551
24370
24114
23072
Exception Items
0
0
0
0
Net Profit Before Tax
26551
24370
24114
23072
Taxes
6673
6112
2787
5266
Net Profit After Tax
19878
18258
21327
17806
Gross Margin %
35.00%
37.50%
36.60%
33.90%
Employee Cost %
2.50%
3.10%
3.00%
2.80%
Other Expense Cost %
15.00%
16.30%
15.90%
15.10%
EBITDA %
17.40%
18.10%
17.80%
16.00%
Net Profit After Tax %
8.50%
8.70%
9.90%
8.10%

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00:00 / 03:44

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00:00 / 02:59
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