RIL drops after announcing Q4 results

Reliance Industries declined 1.21% to Rs 1,026.15 at 9:25 IST on BSE after the company reported its Q4 results.

The result was announced after market hours on Friday, 22 April 2016.

Meanwhile, the S&P BSE Sensex was almost unchanged at 25,838.57.

On BSE, so far 1.17 lakh shares were traded in the counter as against average daily volume of 4.03 lakh shares in the past one quarter. The stock hit a high of Rs 1,044.90 and a low of Rs 1,023 so far during the day.

The large-cap company has equity capital of Rs 3240.38 crore. Face value per share is Rs 10.

Reliance Industries (RIL)'s consolidated net profit rose 15.93% to Rs 7398 crore on 10.95% fall in total income to Rs 62010 crore in Q4 March 2016 over Q4 March 2015. RIL's profit before interest, depreciation and tax (PBDIT) rose 16.9% to Rs 13994 crore in Q4 March 2016 over Q4 March 2015. Earnings before interest and tax (EBIT) margin increased to 12.1% in Q4 March 2016 as compared with 8.88% in Q4 March 2015. Decline in revenue was led by the 41.4% decline in benchmark oil price which averaged at $30.4 per barrel in Q4 March 2016 as compared to $51.9 per barrel in Q4 March 2015. Based on standalone performance, the gross refining margin (GRM) increased to $10.80 per barrel in Q4 March 2016 from $10.10 per barrel in Q4 March 2015. Operating profit before other income and depreciation increased by 21.7% on to Rs 12008 crore in Q4 March 2016 over Q4 March 2015. Strong operating performance from refining and petrochemicals businesses coupled with favorable exchange rate movement was partially offset by lower contribution from oil & gas business.

RIL is a diversified firm having presence in oil exploration, petrochemicals, retail and telecom sectors.

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