1/n Reliance Industries Ltd announces results for Q3 & 9m FY2020-21. Details follow… #RILresults

2/n Q3 FY2020-21 Reliance reports strong sequential rebound across all the businesses #RILresults
3/n Reliance posts highest ever consolidated quarterly Net Profit; Q3 FY2020-21 PAT at Rs 15,015 crore, up 24.9% (Excluding EO) #RILresults
4/n Q3 FY2020-21 Consolidated quarterly EBITDA up 12.0% Q-o-Q to a record Rs 26,094 crore #RILresults
5/n Q3 FY2020-21 Strong 38.2% sequential jump in quarterly EPS to Rs 20.5 per share (Excluding EO) #RILresults
6/n Q3 FY2020-21 Digital Services report record high profits; Q3 FY21 EBITDA at Rs 8,942 crore, up 48.4% Y-o-Y @RelianceJio #RILresults
7/n Q3 FY2020-21 Robust recovery in Retail performance; EBITDA at record high of Rs 3,102 crore, up 52.9% Q-o-Q #RILresults
8/n Reliance Industries generated over 50,000 new jobs in COVID times #RILresults
9/n Q3 FY2020-21 Jio Platforms revenue including access revenues for the quarter was Rs 22,858 crore ($3.1 billion), up 5.3% sequentially @RelianceJio #RILresults
10/n Q3 FY2020-21 Jio Platforms EBITDA for the quarter was Rs 8,483 crore ($1.2 billion), an increase of 6.4% #RILresults
11/n Q3 FY2020-21 Jio Platforms net profit for the quarter was Rs 3,489 crore ($477 million) growth of 15.5% Q-o-Q #RILresults
12/n Q3 FY2020-21 @RelianceJio total subscriber base as at end Dec 2020 stood at 410.8 million, with gross addition of 25.1 million customers during the quarter #RILresults
13/n Q3 FY2020-21 @RelianceJio’s ARPU during the quarter improved to ₹151.0 per month, as against ₹145.0 in the trailing quarter #RILresults
14/n Q3 FY2020-21 @RelianceJio’s customer engagement continued to improve with average monthly data consumption per user rising to 12.9 GB from 12.0 GB in trailing quarter #RILresults
15/n Q3 FY2020-21 @RelianceJio's total data traffic during the quarter improved 4% sequentially to 1,586 crore GB; voice traffic grew 4.6% sequentially to 97,496 crore minutes #RILresults
16/n Q3 FY2020-21 @RelianceJio’s FTTH services witnessed increased uptake during the quarter on the back of unique offering and widespread network across the country #RILresults
17/n Q3 FY2020-21 Reliance Retail posted a strong jump in EBITDA margins to 9.3% – as against 5.5% in trailing quarter – as COVID related curbs on store operations eased during the quarter #RILresults
18/n Q3 FY2020-21 Reliance Retail's topline stagnated as fuel retailing business was transferred out and Reliance Market stores were converted to fulfilment centers to support New Commerce #RILresults
19/n Q3 FY2020-21 Apparel & Footwear business staged a strong bounce back driven by impactful event activation, which led to strong festive season performance and enabled 1.5X growth over last quarter #RILresults
20/n Q3 FY2020-21 AJIO continues to scale new highs with 5X growth in orders over previous year and significant improvement across customer metrics and operating parameters #RILresults
21/n Q3 FY2020-21 Digital commerce momentum continued with orders up 12X Y-o-Y alongside growth in portfolio, traffic and customer base across platforms #RILresults
22/n Q3 FY2020-21 Track record of expansion continues with more stores, more orders and more merchant partnerships; Added 327 new stores taking total store count to 12,201 spread over 31.2 million sq. ft. #RILresults
23/n Q3 FY2020-21 Reliance integrates Oil-to-Chemicals business; Single management team for day-to-day operations; To drive integrated planning and optimization across the hydrocarbon value chain #RILresults
24/n Q3 FY2020-21 Strong demand revival for polyester and polymers drive O2C segment’s Q3 FY21 EBITDA up 10.3% to Rs 9,756 crore #RILresults
n/n Q3 FY2020-21 Q3 capacity utilization improves across O2C sites; Total throughput for the quarter improves 8.3% sequentially to 18.2 million tonne #RILresults

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So I'd recommend reading this thread from Dave, but I thought about some of these policies, and how they fit into the whole, a lot, and want to offer a different interpretation.


I think California is world leading on progressivism that doesn't ask anyone to give anything up, or accept any major change, right now.

That's what I mean by symbolically progressive, operationally conservative.

Take the 100% renewable energy standard. As @leahstokes has written, these policies often fail in practice. I note our leadership on renewable energy in the piece, but the kind of politics we see on housing and transportation are going foil that if they don't change.

Creating a statewide consumer financial protection agency is great! But again, you're not asking most voters to give anything up or accept any actual changes.

I don't see that as balancing the scales on, say, high-speed rail.

CA is willing to vote for higher taxes, new agencies, etc. It was impressive when LA passed Measure H, a new sales tax to fund homeless shelters. And depressing to watch those same communities pour into the streets to protest shelters being placed near them. That's the rub.

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