RIL DECLEARED 65% DIVIDEND (6.50 on FV -10)
RELIANCE INDS – A PERFECT COMBINATION OF RETAIL,PETROCHEMICAL,OIL & GAS,MEDIA,& DIGITAL .
RIL INDS Q4FY19 & FUTURE OUTLOOK :
Q4FY19 NET PROFIT UP 9.8% YEAR ON YEAR AT 10,362cr
NET PROFIT UP 13.1% AT ALL TIME HIGH 39,588cr
FINANCE COST STOOD AT 4894 cr VS 2566 cr YOY.
♨️NUMBERS ARE INLINE WITH MARKET EXPECTATION & WITH POSITIVE BIAS.STOCK RECENTLY HAD GOOD RUN UP FROM 1050 LEVELS.IN SHORT TERM STOCK IS POISED TO HIT NEW 52wk HIGH & CAN EVEN TOUCH 1460/1500/1550
BUT THERE CAN BE PROFIT BOOKING AT HIGHER LEVELS.
FUTURE OUTLOOK LOOKS POSITIVE FOR NEXT 12 TO 24 MONTHS AND STOCK HAS POTENTIAL TO TEST 2100/2400
🔷️EARNINGS ARE AT ALL TIME HIGH FROM PETROCHEMICALS,DIGITAL SERVICE & RETAIL.
🔷️RETAIL BUSSINESS CROSSED 1 LAC CRORE REVENUE & ALSO ACHIVED 10415 STORES MILESTONE WITH REACH OF 6600+ CITIES & TOWN WITH 22 MILLION SQ FT. RETAIL REVENUE UP ALMOST 89% AT 130,566 crore.
🔷️JIO COMPLETED DEMERGER OF TOWER & FIBER ASSETS.
🔷️JIO COMPLETED ACQUISITION OF HATHWAY CABLES,DATACOM LTD & DEN NETWORKS LTD
🔷️JIO CROSSED 15000cr EBITDA MILESTONE & 300 MILLION SUBSCRIBERS.
🔷️RIL JIO Q4FY19 NET PROFIT INCREASED 64.7% YOY TO 840cr VS 510Cr IN SAME QUARTER LAST YEAR.REVENUE ALSO INCREASED BY 55.8% TO 11,106 cr VS 7128 cr YOY.
🔷️RIL JIO FY19 NET PROFIT UP 309% AT 2964 cr VS 723 cr IN FY18
🔷️PETROCHEMICALS VOLUMES AT ALL HIGHEST LEVEL AT 37.7 MMT ,UP 16%
🔷️FY19 REFEINING EBITA of 19,868 crore, GRM $ 8.2/bbl, $4.3/bbl ABOVE SINGAPORE COMPLEX MARGINS.
🔷️RELIANCE RETAIL AND JIO CONTRIBUTED 25% OF QUATER OF EBITDA WHICH WAS HALF PREVIOUS YEAR. RELIANCE RETAIL AND JIO HAS STARTED TO MAKE SIGNIFICANT CONTRIBUTION TO BOTTOM LINE.
🔷️HIGHER MULTIPLES FOR RELIANCE IS JUSTIFIED BY HIGHER GROWTH IN RETAIL AND JIO RATHER THEN TRADITIONAL PETROLEUM BUSINESS.
🚩FUTURE –
🔷️GOING AHEAD RELIANCE WILL HAVE 50% CONTRIBUTION FROM CONSUMER BUSINESS SUCH AS RETAIL JIO MEDIA AND WOULD GIVE TOUGH COMPETION TO AMAZON , FLIPKART NETFLIX WHICH WOULD JUSTIFY HIGHER PE MULTIPLE.
Disc – All views expressed are personal & Only for Educational and study purpose only based on expectation of future growth.Consult your financial advisor before investing or taking any position based on above article.
WealthCreatures 