Reliance announces financial results of Q4 (FY 2017-2018)

Reliance Industries Q4 results 2018 today Mukesh Ambani firm may report profit for 13th straight quarter

"Jio has demonstrated that it can scale and sustain its strong financial performance", Mukesh Ambani, chairman and managing director, Reliance Industries Limited said in a statement.The standalone revenue from operation came in 3.6 per cent higher quarter-on-quarter to Rs 7,128 crore as against Rs 6,879 crore in the third quarter.

Reliance said pre-tax profit from petrochemical business, where all expansion projects have been completed, was at record high of Rs 6,435 crore in the fourth quarter of the 2017-18 fiscal, up 12 per cent over previous year. However, its GRM outperformed Singapore complex refining margins by $4 per barrel. "We established several records on both operating and financial parameters".

Apart from the revenue aspect, Reliance Jio also released the data which details the number of subscribers along with the total amount of data consumed. The company's PAT from the refining business, however, dropped 10 per cent to Rs 5,607 crore.

Reliance Jio, the company's telecom operator had reported the profit of Rs. 504 in the Q3 2017.

Reliance Retail, the group's retail arm, nearly doubled its sales at Rs24,183 crore, against Rs10,332 crore in the year ago period.


RIL's share price at the BSE today closed at Rs 994.75, up 1.9 per cent as compared to previous close. This, however, includes RIL's petro-retail business as well.

Reliance Industries in other sectors too saw rising profits in Q4 and it is believed that it might soon be part of the $100 Billion Dollar club with the petro-chemical and retails arms of the huge conglomerate earning record net profits in this quarter of 2018. The company added 86 stores across formats during the quarter. In addition, it supports calls over 4G VoLTE, and offers 64GB storage via expandable memory card slot.

134 per cent surge in its retail business. However, he did not give any guidance on expansion of this segment at a time when global players like Walmart are looking to enter the burgeoning online market.

Increase in revenue is primarily on account of volume increase with start-up of petrochemicals projects and oil price related increase in realisations for refining and petrochemical products. Its telecom service segment, Reliance Jio, can not be blamed completely for missing the Street expectations. The company operated 1,313 petroleum retail outlets in the country at the end of the year. The company also revealed that its subscriber base as of March 2018 is 186.6 million, further marking itself as the world's fastest-growing digital services platform.

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