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05-07-2022 02:32 PM | Source: PR Agency
Reliance Industries Ltd : Q4 FY2021-2022 Financial and Operational Performance
News By Tags | #133 #572 #412 #1302

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Consolidated Results For Quarter / Year Ended 31 St March, 2022

Strong Growth Across Operating Businesses

Record Annual Consolidated Revenue At ₹ 792,756 Crore ($104.6 Billion), Up 47.0%

Record Annual Consolidated Ebitda At ₹ 125,687 Crore ($16.6 Billion), Up 28.8%

Record Annual Consolidated Profit After Tax At ₹ 67,845 Crore ($9.0 Billion), Up 26.2%

Annual Revenue For Retail Business Nearly ₹ 200,000 Crore

All Time High Annual Ebitda For Retail Business ₹ 12,423 Crore ($1.6 Billion)

Annual Revenue For Digital Services Crossed ₹ 100,000 Crore Mark

Record Annual Ebitda Of Digital Services Business At ₹ 40,268 Crore ($5.3 Billion)

Annual Ebitda Of Oil & Gas Business At ₹ 5,457 Crore ($720 Million), Highest In 7 Years

Ril Announces Dividend Of ₹ 8 /- Per Share

STRATEGIC UPDATES (4Q FY22)

• Abu Dhabi Chemicals Derivatives Company RSC Ltd (TA’ZIZ) and the Company signed the formal shareholder agreement for the TA’ZIZ Ethylene Dichloride (EDC) & Polyvinyl Chloride (PVC) project. The TA’ZIZ EDC & PVC joint venture will construct and operate a Chlor-Alkali, EDC and PVC production facility, with a total investment of over US$ 2 billion (AED 7.34 billion). These chemicals will be produced in the UAE for the first time, unlocking new revenue streams. The Company will explore collaboration in the exploration, development and production of conventional and unconventional resources in Abu Dhabi as well as in decarbonization of operations, including in carbon dioxide (CO2) sequestration.

• Reliance Strategic Business Ventures Limited (RSBVL), a wholly-owned subsidiary of the Company, and Sanmina Corporation (Sanmina), a leading integrated manufacturing solutions company, announced about having entered into an agreement to create a joint venture through an investment in Sanmina’s existing Indian entity (Sanmina SCI India Private Ltd, “SIPL”). RSBVL will hold 50.1% equity stake in the joint venture entity with Sanmina owning the remaining 49.9%. The joint venture will create a world-class electronic manufacturing hub in India, in line with the Hon’ble Prime Minister's “Make in India” vision. It will prioritize high technology infrastructure hardware, for growth markets, and across industries such as communications networking (5G, cloud infrastructure, hyperscale data-centers), medical and healthcare systems, industrial and cleantech, and defense and aerospace

 

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