RIL Q3 Scorecard: 7 essential takeaways for D-St from corporation’s December quarter numbers

Diversified corporation Reliance Industries Ltd reported better-than-expected earnings for the quarter ended December, helped by a much better program by the digital and retail services, which balance out the weak point in the essential oil-to-chemicals service. The business reported a 9.3% year-on-year (YoY) development in combined net earnings to Rs 17,265 crore, beating the quote of Rs 16,944 crore. Consolidated earnings from operations grew 3.6% YoY to Rs 2.28 lakh crore, however was a little bit lower than the approximated Rs 2.36 lakh crore. Sequentially, the bottom line decreased 0.7% and the topline fell almost 3%, mainly due to the weak point in the oil-to-chemicals company. Consolidated profits before interest, taxes, devaluation and amortization or EBITDA grew almost 17% YoY to Rs 44,678 crore, led by development throughout all company sections. Running margin broadened 210 basis points YoY and 50 bps sequentially to 18%. Capex/Cash BalanceAt the combined level, capital investment for the quarter was Rs 30,102 crore, compared to Rs 38,815 crore a quarter previously. Money and money equivalents since December-end was Rs 1.92 lakh crore, compared to Rs 1.78 lakh crore a quarter back. Financial obligation RisesRIL’s arrearage at the combined level was Rs 3.12 lakh crore since December-end, compared to Rs 2.96 lakh crore a quarter back, and Rs 3.03 lakh crore a year back. The net debt-to-EBITDA was 0.67 times since December- end, compared to 0.66 times a quarter earlier. Strong digital opsJio Platforms reported an over 11% YoY development in both earnings and EBITDA to Rs
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