Mukesh Ambani Is Betting On Consumer Businesses To Take Ril's Story Forward.
The success story is not limited to Jio. While building the 4G network, Ambani made a farsighted investment of 1.5 lakh crore to expand the petrochemical capacity at Jamnagar, Gujarat. It was the rise in petrochemicals margin that offset the sharp fall in gross refining margins (GRMs) in the last five quarters from $12 to $8.80 a barrel. The segment earnings before interest and tax (EBIT) of petrochemicals grew 63 per cent in the last financial year and 64 per cent in the nine months of this financial year. For the first time in the history of RIL, petrochemicals EBIT will overtake refining this financial year.
“Competitive cost positions and integration benefits is core to our oil to chemicals (refining and petrochemicals) business, driving sustained performance even in challenging global business environment,” Ambani recently said. Buoyed by the growth of petrochemicals and telecom, RIL’s consolidated profit grew 20.6 per cent to 36,075 crore in the last financial year, on a revenue of 4,30,731 crore, which went up 30.5 per cent. In the first nine months of this financial year, the profit grew 14.4 per cent to 29,226 crore, while revenue grew 55.6 per cent to 4,69,326 crore.
Diese Geschichte stammt aus der March 10, 2019-Ausgabe von Business Today.
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Diese Geschichte stammt aus der March 10, 2019-Ausgabe von Business Today.
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