Summary

• Page properties (1 modified, 0 added, 0 removed)

Details

Page properties

Content

...	...	@@ -54,7 +54,7 @@
54	54
55	55	On January 17 2020, Reliance Industries announced its Q3 results.
56	56
57		-For the quarter ended 31 st December, 2019, RIL achieved revenue of 168,858 crore ($ 23.7 billion), a decrease of 1.4% as compared to  171,300 crore in the corresponding period of the previous year. Decrease in revenue is primarily on account of 10.6% decline in O2C business revenues, with lower product price realization and 6.6% fall in Brent crude price. This was partially offset by continuing growth momentum in consumer businesses. Digital Services and Retail business recorded an increase of 36.2% and 27.4% respectively, in revenue during the quarter compared to the corresponding quarter of the previous year.{{footnote}}https://www.ril.com/getattachment/322d592b-1377-48ad-96ab-09e7cf0cf5d2/Financial%20performance%20for%20the%20quarter/nine%20months%20ended%2031%20Dec,%202019.aspx{{/footnote}}
	57	+For the quarter ended 31 st December, 2019, RIL achieved revenue of 168,858 crore ($ 23.7 billion), a decrease of 1.4% as compared to  171,300 crore in the corresponding period of the previous year. Decrease in revenue is primarily on account of 10.6% decline in O2C business revenues, with lower product price realization and 6.6% fall in Brent crude price. This was partially offset by continuing growth momentum in consumer businesses. Digital Services and Retail business recorded an increase of 36.2% and 27.4% respectively, in revenue during the quarter compared to the corresponding quarter of the previous year.{{footnote}}https://www.ril.com/getattachment/322d592b-1377-48ad-96ab-09e7cf0cf5d2/Financial%20performance%20for%20the%20quarter/nine%20months%20ended%2031%20Dec%202019.aspx{{/footnote}}
58	58
59	59	Exports (including deemed exports) from RIL’s India operations were lower by 13.7% at ` 53,804 crore ($ 7.5 billion) as against ` 62,378 crore in the corresponding period of the previous year due to lower price realization from Petrochemical and Refining business. Higher sales volume of Petrochemicals business products in domestic market also contributed towards reduction in exports.
60	60
...	...	@@ -64,6 +64,8 @@
64	64
65	65	RIL has setup a Wholly Owned Subsidiary (WOS) viz. Jio Platforms Limited (JPL), for digital platform initiatives. RIL invested ` 1,65,000 crore in the WOS through OCPS and ` 4,961 crore in equity shares. The WOS has acquired RIL’s investment of ` 64,450 crore in Reliance Jio Infocomm Limited (RJIL). This New-age Digital Technology Platform entity is proposed for holding all digital platforms including RJIL, the digital connectivity platform. This will enable access to world class technology platforms across healthcare, education and agriculture
66	66
	67	+{{putFootnotes/}}
	68	+
67	67	= Business updates =
68	68
69	69	== Refining and Marketing Business ==