Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
News18 » Business
1-min read

RIL Q2 Profit Rises 0.6% to Rs 9,516 Crore; More Than 25 Crore Jio Subscribers

Consolidated revenue during the quarter grew by 9.73 percent to Rs 1,46,018 crore compared to Rs 1,33,069 crore in previous quarter.

News18.com

Updated:October 17, 2018, 7:24 PM IST
facebookTwitterskypewhatsapp
RIL Q2 Profit Rises 0.6% to Rs 9,516 Crore; More Than 25 Crore Jio Subscribers
Picture for Representation. (Getty Images)
Loading...

Reliance Industries has reported a 0.6 percent sequential growth in consolidated profit to Rs 9,516 crore for the quarter ended September 2018.

Meanwhile, Hathway approved raising fund up to Rs 2,940 crore via preferential allotment to RIL.

Consolidated revenue during the quarter grew by 9.73 percent to Rs 1,46,018 crore compared to Rs 1,33,069 crore in previous quarter.

Profit on year increased 17.35 percent and revenue 53.56 percent.

The Mukesh Ambani Group company said gross refining margin for the quarter stood at $9.50 a barrel against $10.5 a barrel in June quarter.

Crude oil price continued its upward trend in September quarter. Average Brent crude price was up 45 percent YoY and 1 percent Q-o-Q at $75 a barrel.

The stock rallied 29 percent during the quarter and gained 26 percent year-to-date. It has, though, corrected nearly 12 percent since August 28, when the market touched record high.

The stock closed at Rs 1,148.90, down Rs 14.75, or 1.27 percent ahead of quarterly earnings announced after market hours.

During the July-September quarter, RIL had raised prices of its key petrochemical products to offset higher crude oil prices and counter the effect of a weakening rupee. Bulk chemicals traders, suppliers for RIL’s petrochemical products and analysts tracking the company said it raised prices by 10-21% in Q2 2018-19 while year-on-year increase is 17-61%.

On the pettrochemical EBIDTA, last quarter it had hit a record high, the EBIDTA is expected to rise further by 8 percent quarter-on-quarter (Q-o-Q) to come in at Rs 8,490 crore

(Disclaimer: News18.com is part of Network18 Media & Investment Limited which is owned by Reliance Industries Limited)​

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

| Edited by: Parth Sharma
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp
Most Active
Company Price Change %Gain
HDFC 2,049.30 3.78
Maruti Suzuki 6,591.95 10.39
ICICI Bank 417.50 7.99
HDFC Bank 1,199.60 8.95
Reliance 1,254.35 6.39
Company Price Change %Gain
Astral Poly Tec 1,213.70 5.25
HDFC 2,052.10 3.92
SBI Life Insura 815.85 1.73
Zee Entertain 301.10 -2.49
Maruti Suzuki 6,585.25 10.89
Top Gainers
Company Price Change %Gain
Eicher Motors 17,860.20 13.38
Hero Motocorp 2,862.90 13.06
IndusInd Bank 1,419.60 10.71
UltraTechCement 4,269.65 10.43
Maruti Suzuki 6,591.95 10.39
Company Price Change %Gain
Hero Motocorp 2,866.50 13.19
Maruti Suzuki 6,585.25 10.89
IndusInd Bank 1,419.60 10.74
Bajaj Finance 3,705.60 10.19
SBI 301.70 10.09
Top Losers
Company Price Change %Gain
Power Grid Corp 196.20 -2.46
Zee Entertain 301.40 -2.41
Infosys 805.00 -1.91
TCS 2,065.45 -1.74
NTPC 119.85 -1.52
Company Price Change %Gain
Power Grid Corp 196.35 -2.39
Infosys 805.10 -1.94
TCS 2,065.60 -1.74
NTPC 119.90 -1.52

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results