RELIANCE INDS posted solid sets of Q3 numbers on 17th Jan.company posted 10251cr Qtrly profits for Q3FY19
Company showed all round performance in Retail,Petrochemicals,Digital & Telecom services for Jio.
Mr.Mukesh Ambani chairman & MD of RIL said “I am confident RELIANCE is Well positioned for the future & for the next growth cycle.RIL making more VALUE for Stakeholders and for country.RIL has become 1st private company to cross 10000cr quaterly profits.Company to post robust growth Growth momentum across Retail and Jio platform”
REVENUE – consolidated revenue rose 56.38% to 1,60,299cr in Q3FY19 vs 1,02,500cr last year in same Qtr.
GRM & NET PTOFITS –
Gross Refeining margins stood at 8.8$ per barrel & Company Recorded Higest ever Net profits of 10251cr ,A growth of 8.8% YOY.
ARPU & EPS – Average Revenue per customer for qtr came at Rs.130 per month per subscriber.
Company recorded EPS of 17.3 vs 16 YOY.
Reliance Retail –
Reliance Retail Posted a healthy Revenues of Rs.35000 Crores For Quarter
Reliance Retail and & JIO now contributes 25% of the profits .
We expect Strong momentum to continue for years to come and will be Significant contributer to Bottom line in years to come.
MARKET CAP/DEBT & CASH BAL –
Companies current Market cap is 7,20,006.28cr as on 17th Jan’19 & Debt is 2,74,381 cr.company has cash & Equivalents of 77,933 cr.
Old Note on Reliance
COMPANY IS ON SOLID GROWTH & STOCK CAN BE SEEN AS CORE PORTFOLIO STOCK.WE ARE BULLISH ON STOCK FROM QUITE SOMETIME FROM SUB 900 LEVELS & WE@ WEALTHCREATURES EXPECT RIL TO GIVE GOOD RETURNS IN NEXT 12 TO 24 MONTHS.
DISC – All views on stock reco are personal and for study and Educational purpose only. Consult your financial advisor before investing.