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Reliance Industries Limited Mar-23 Quarter (Reliance), Revenue dwindles by 1.9% to Rs.216376 Crore and Profit increases sharply by 19.8% to Rs.21327 Crore

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The Indian Giant, Reliance, has announced a revenue of Rs.216376 Crore, which has reduced by 1.9% as compared to previous quarter revenue of Rs.220592 Crore.


The Major Segments have been, Digital Services and O2C. The share of each major segments is Digital Services: 31373 Crore [14.5%] and O2C: 128633 Crore [59.4%]. The change in segment revenue of Digital Services segment grows by 3.4% and O2C segment diminish by -11.1% during the quarter.



On analysis, it is observed that EBITDA (Operating Profit) Margin has soars to 17.77% from 15.98%. The reason for the grows of EBITDA Margin is due to,

a) Cost to Revenue % of Cost of Sales has diminish to 63.4% (Prev. Quarter: 66.1%). . Cost of Sales has downfall from Rs.145737 Crore to 137103 Crore.                                                                       

b) Cost to Revenue % of Employee Cost has upscales to 3.0% (Prev. Quarter: 2.8%). Employee Cost has Up from Rs.6267 Crore to 6471 Crore.

c) Cost to Revenue % of Other Expenses has grows to 15.9% (Prev. Quarter: 15.1%). Other Expenses has Up from Rs.33341 Crore to 34362 Crore.                    

                             

The finance cost has grown from Rs.5201 Crore to 5819 Crore by 11.9%.                                         



On an annual basis, the company has clocked revenue of Rs. 892944 Crore. It has spikes by 23.74% from previous financial year revenue of Rs. 721634 Crore.

Profit has soars to 74088 Crore from 67845 Crore, a year ago. Net Profit After Tax Margin has contract from 9.4% to 8.3% Primary reason that profit has increase is due:                                                           

a) Cost to Revenue % of Cost of Sales has nearly maintains same to 65.99% (Prev. Quarter: 65.81%). Cost of Sales has nearly similar from Rs.474912 Crore to 589280 Crore.

b) Cost to Revenue % of Employee Cost has soars to 2.79% (Prev. Quarter: 2.6%). Employee Cost has boost from Rs.18775 Crore to 24894 Crore.                            

c) Cost to Revenue % of Other Expenses has diminish to 15.22% (Prev. Quarter: 16.28%). Other Expenses has upscales from Rs.117487 Crore to 135862 Crore.                                                            


The finance cost has also, zooms from Rs.14584 Crore to 19571 Crore by 34.2%.                              


Price to Earning (PE) ratio of the company is 25.98 as compared to the Industry PE of 31.99. Low PE signifies that there can be scope of increase in share prices in future. Companies Return on Equity (ROE) is 9.02% and Return of Capital Employed (ROCE) is 9.16%                                                                    


Company has in the past four years reflected a Compounded Annual Growth Rate (CAGR) in Revenue of 35.50% and a CAGR in profit of the past four years of 17.42%.                                                                  


The Brief of Quarterly Results is as follows: 


                       

Disclaimer : The information and analysis of financial results or financial statements are purely informative in nature and shall not be consider as any form of investment or any other sort of advice to buy / sell / hold any stock , units or any other financial instruments or advice to make any other form of decision whatsoever.

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