Reliance Industries Result Analysis - Q3 FY 2019


Reliance Industries declared their results for the quarter ending December 31, 2018 on January 17, 2019. The company, which deals in sectors such as Petrochemicals, Refining, Oil and Gas, Organized Retail and Digital Services, has performed exceedingly well in all segments except Oil & Gas. The performance was quite robust considering the fact that there was sluggishness of damand in almost all segments during Q3FY19.

Consolidated Result

Revenue of the company jumped by 56% YoY to Rs. 1,60,299 crores. This jump came mostly from Petrochemicals, Refining and Organized retail segments.

In terms of Profit Before Tax (PBT), the company saw a jump of 9.33% YoY. The PBT for Q3FY18 was Rs. 13,212 crores which jumped to Rs. 14,445 crores in Q3FY19. Profit After Tax (PAT) increased by 9.95% from Rs. 9,437 in Q3FY18 to Rs. 10,376 crores in the quarter ending December 31, 2019.

Segment wise performance (Consolidated)

In terms of revenue growth, the Petrochemicals segment grew from Rs. 33,726 crores in Q3FY18 to Rs. 46,246 crores in Q3FY19. The Orrganized Retail segment saw a huge jump of 89% in terms of revenue. The revenue for Organized Retail segment was Rs. 18,798 crores in Q3FY18 which grew to Rs. 35,577 crores in Q3FY19.

Another segment which did quite well in terms of revenue generation was Digital Services. The revenue growth was 51%.

Reliance Revenue Growth Chart Consolidated - Q3 FY19

Reliance PBT Growth Chart Consolidated - Q3 FY19

Reliance Revenue PBT Segment Consolidated - Q3 FY19

Standalone Result

The core company which deals mainly in Petrochemicals, Refining and Oil & Gas segments also did quite well on revenue front. In terms of revenue, the growth was 37.66% YoY. The PAT grew by just 5.60%.

Reliance Revenue PBT Segment Standalone - Q3 FY19

Excerpts from the press release

On new NCDs issued during the quarter
During the quarter, the Company issued listed unsecured non-convertible redeemable debentures to~ 12,000 crore (Paid-up to the extent of~ 10,000 crore) in four tranches (Series G, H, lA and 18). The Company also fully redeemed secured non-convertible Debentures
Secured Jio NCDs
Further the listed non-convertible debentures of the subsidiary Reliance Jio lnfocomm Limited, aggregating~ 17,500 crore as on 31st December, 2018 are secured by way of pari passu charge on certain movable properties of Reliance Jio lnfocomm Limited and the asset cover thereof exceeds hundred percent of the principal amount of the said debentures.
Merger of Media subsidiaries into one
Private Limited, Web18 Software Services Limited, Television Eighteen Media and Investments Limited, Television Eighteen Mauritius Limited, Web18 Holdings Limited, E-18 Limited and Network18 Holdings Limited into NW18 (a subsidiary of the Company) with appointed date as 1st April 2016. The scheme has become effective on 1st November, 2018.

As on February 3rd 2019, the PE and PEG ratios stands at 22.33 and 4.0966 respectively


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