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    RELIANCE   INE002A01018

RELIANCE INDUSTRIES LTD

(RELIANCE)
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Reliance Industries : 2021 - 2022 Financial Presentation - Q1 Results 23, July | 2021

07/23/2021 | 03:38pm EDT

1Q FY 2021-22

FINANCIAL RESULTS

Forward Looking Statement

This presentation contains forward-looking statements which may be identified by their use of words like "plans," "expects," "will," "anticipates," "believes," "intends," "projects," "estimates" or other words of similar meaning. All statements that address expectations or projections about the future, including, but not limited to, statements about the strategy for growth, product development, market position, expenditures, and financial results, are forward-looking statements.

Forward-looking statements are based on certain assumptions and expectations of future events. The companies referred to in this presentation cannot guarantee that these assumptions and expectations are accurate or will be realized. The actual results, performance or achievements, could thus differ materially from those projected in any such forward-looking statements. These companies assume no responsibility to publicly amend, modify or revise any forward looking statements, on the basis of any subsequent developments, information or events, or otherwise.

2

Consolidated Financial Results

3

1Q FY22 - Key Highlights

  • Record quarterly EBITDAled by strong operating performance from O2C and Digital Services
    • Consolidated EBITDA at ₹ 27,550 crore, up 27.6% YoY
  • Net profitat ₹ 13,806 crore up 66.7% YoY, with normalised tax provision
  • O2C- Fourth sequential quarter of growth, significantly lower impact of second wave on demand and margins
    • Demand recovery on track to achieve pre-covid levels in 1-2 quarters
  • Retail- Impacted by restricted store operations
    • Ramped up digital commerce to serve customer needs
  • Digital Services- Good traction in subscriber addition and data usage, unaffected by second wave
    • Superior network, high customer engagement aiding traction
  • Oil & Gas- Turnaround led by ramp-up in KG D6 production
  • All strategic growth initiatives on course

Resilient business model with multiple growth engines mitigates second wave impact

4

Consolidated Financial Results : 1Q FY22

Change

Change

(₹ crore)

1Q FY22

4Q FY21

QoQ

1Q FY21

YoY

Revenue

158,862

172,095

-7.7%

100,929

57.4%

EBITDA

27,550

26,602

3.6%

21,585

27.6%

Finance Cost

3,397

4,044

-16.0%

6,735

-49.6%

Depreciation

6,883

6,973

-1.3%

6,308

9.1%

PBT

17,270

16,382

5.4%

13,508

27.9%

Tax

3,464

1,387

149.7%

260

-

Net Profit (Pre-excep)

13,806

14,198

-2.8%

8,282

66.7%

Net Profit

13,806

14,995

-7.9%

13,248

4.2%

  • Standalone net profit at ₹ 8,595 crore, up 76.2% YoY
  • YoY strong rebound in Revenues and Profits
  • QoQ revenues impacted by curtailed Retail operations
    • Better realization aided O2C, Oil & Gas benefited from KG D6 ramp-up
  • QoQ EBITDA improvement led by O2C, Digital Services and Oil & Gas, offsetting Retail weakness
  • Further reduction in finance charges with repayment of liabilities and proactive optimisation of liability cost
  • Sustained growth in PBT
    • Tax provision at normalised level

Strong operating performance despite pandemic-imposed challenges

5

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Reliance Industries Ltd. published this content on 23 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 July 2021 19:37:02 UTC.


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Sales 2022 6 547 B 88 839 M 88 839 M
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Net Debt 2022 17 775 M 241 M 241 M
P/E ratio 2022 29,2x
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Mean consensus OUTPERFORM
Number of Analysts 31
Last Close Price 2 489,90 INR
Average target price 2 260,73 INR
Spread / Average Target -9,20%
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Mukesh Dhirubhai Ambani Chairman & Managing Director
Srikanth Venkatachari Joint Chief Financial Officer
Alok Agarwal Joint Chief Financial Officer
K. Sethuraman Group Secretary & Chief Compliance Officer
Savithri Parekh Joint Secretary & Compliance Officer
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