RIL net profit expected to touch Rs10,000 crore in Q4

Reliance Industries Q4 results 2018 LIVE Mukesh Ambani firm to announce earnings soon

Reliance Industries Q4 results 2018 LIVE Mukesh Ambani firm to announce earnings soon

Jio statement said that it has continued its strong subscriber growth trend with net addition during the quarter ended 31 March 2018 (Q4 2017-18) of 26.5 million (as against 21.5 million in the previous quarter) and a churn of 0.25 percent per month.

Buoyed by growth across all sectors, RIL posted a 39 per cent rise in revenues at Rs129,120 crore ($19.8 billion) against Rs92,889 crore in the previous-year quarter. For the full year, RIL's net profit stood at Rs36,075 crore, up 20.6% from 2016-17.

A Bloomberg poll of several analysts expects RIL to report a net profit of Rs9,347 crore, on the back of revenues worth Rs1.16 trillion for the quarter ended 31 March.

Mukesh Ambani-led Reliance Jio's momentum doesn't seem to be stopping anytime soon.

Trump commemorates 'Meds Yeghern', Armenian deaths of 1915
In January the French president, Emmanuel Macron, added 24 April to the French calendar to commemorate the events 100 years ago. He did not use the word "genocide", a term crucial for many Armenians but hotly rejected by Turkey.

While its core petrochemical business posted record quarterly pre-tax profits, earnings from the oil refining business dipped on squeeze in margins.

While Future Group's retail business comes purely from fashion and food and grocery, Reliance Retail had a year ago added its merged its petro-retail business to the overall retail segment which has led to the massive jump in the sales figurers and hence can not be compared with the revenues of the pure-play retailers that depend exclusively on fashion, consumer durables and FMCG. Organised retail revenue rose 134% to Rs 24,183 crore while operating profit jumped 291% to Rs 951 crore, reflecting much higher operating margins from its operations across 3,837 stores in 750 cities. The increase in revenue is primarily on account of higher volumes with start-up of petrochemicals projects and uptrend in the prices of products in refining and petrochemical businesses. Jio said that its consolidated value of services stood at Rs 8,136 crore, up 12.8 percent over trailing quarter and consolidated EBIT stood at Rs 1,441 crore, up 452.1 percent over trailing quarter. The company operated 1,313 petroleum retail outlets in the country at the end of the year.

RIL's share price at the BSE today closed at Rs 994.75, up 1.9 per cent as compared to previous close. Alongside the revenue aspect, Jio also revealed the numbers of the company such as subscriber base, data usage by the subscribers and more.

Reliance Jio's JioFi devices compete with Airtel's 4G hotspot which is available for Rs 999.

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