RELIANCE INDUSTRIES (RIL) on Friday reported a 10.82% fall in its consolidated net profit to ₹16,011 crore, on the back of weak performance of oil-to-chemicals (02C) business and higher interest and depreciation costs.
The fall was the highest in the past 11 quarters, according to Capitaline data. However, the muted performance in the O2C business was partly offset by double-digit growth in consumer-facing businesses of digital and retail services.
Consolidated revenue during fell 5.31% to ₹2.11 trillion, while Ebitda rose 5.13% to ₹41,982 crore. A consensus estimate by Bloomberg analysts expected RIL to post a consolidated net profit of ₹16,995 crore, on revenue of ₹2.14 trillion and Ebitda of ₹38,046 crore.
The company's depreciation rose by 31.7% y-o-y to ₹11,775 crore ($1.4 billion) due to expanded asset base across all businesses and higher network utilisation in digital services business. The finance costs rose by 46% to ₹5,837 crore ($711 million), mainly due to higher interest rates and loan balances.
この記事は Financial Express Mumbai の July 22, 2023 版に掲載されています。
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この記事は Financial Express Mumbai の July 22, 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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