For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Reliance Q4 Profits At Rs. 6348 Crore; Approves Right Issue At Rs. 1257Share

|

Reliance Industries posted its results for the quarter ended March of FY20 today.

Reliance Q4 Profits At Rs. 6348 Crore; Approves Right Issue At Rs. 1257Share
 

The profit from its telecom division has stood more than estimates at Rs. 2331 crore.

Revenue has come in at Rs. 14, 835 crore.

At the consolidated level, net profits of RIL for the March ended quarter stood at Rs. 6348 crore.

Revenue at the company has come in at Rs. 1.36 lakh crore. EBIDTA margin has stood strong at 16%.

The consolidated profit in the previous quarter was Rs 11,640 crore and in the corresponding quarter last year it came in at Rs 10,362 crore.

"In respect to Refining and Petrochemicals business, the company has determined the non-cash inventory holding losses in the energy businesses due to dramatic drop in oil prices accompanied with unprecedented demand destruction due to COVID-19 and the same has been disclosed as exceptional items," company reasoned.

The refining business has in fact performed better than estimates.The company also said that the Saudi Aramco deal is on track.

RIL approves rights issue at the price of Rs. 1257 per share. Through the issue the company aims to raise Rs. 54000 crore and is for 1 share for every 15 shares held.

Promoters will subscriber up to the extent of 50% of their holding in the stock and also subscribe to the unsubscribed portion. For the rights issue, only 25% will be have to paid upfront and then as and when the company will need funds it may ask for the price from shareholders.

The company has also declared dividend of Rs. 6.5 per shares.

The stock of RIL on April 30, 2020 closed at Rs. 1467.05 per share.

GoodReturns.in

Read more about: ril earnings
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more
天天躁夜夜躁狠狠,99re6热这里在线精品视频,色播亚洲视频在线观看