Reliance Industries Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
January 20, 2023 at 08:40 am EST
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Reliance Industries Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 2,375,350 million compared to INR 2,035,790 million a year ago. Revenue was INR 2,237,390 million compared to INR 1,953,180 million a year ago. Net income was INR 157,920 million compared to INR 185,490 million a year ago. Basic earnings per share from continuing operations was INR 23.34 compared to INR 23.79 a year ago. Diluted earnings per share from continuing operations was INR 23.34 compared to INR 23.52 a year ago. Basic earnings per share was INR 23.34 compared to INR 28.08 a year ago. Diluted earnings per share was INR 23.34 compared to INR 27.76 a year ago.
For the nine months, sales was INR 7,273,970 million compared to INR 5,430,570 million a year ago. Revenue was INR 6,854,760 million compared to INR 5,222,370 million a year ago. Net income was INR 474,030 million compared to INR 445,020 million a year ago. Basic earnings per share from continuing operations was INR 70.07 compared to INR 63.68 a year ago. Diluted earnings per share from continuing operations was INR 70.07 compared to INR 62.66 a year ago. Basic earnings per share was INR 70.07 compared to INR 68.01 a year ago. Diluted earnings per share was INR 70.07 compared to INR 66.93 a year ago.
Reliance Industries Ltd is a diversified group organized around 6 areas of activity:
- refining of petroleum products (58.4% of net sales): liquefied petroleum gas, propylene, naphtha, gasoline, kerosene, etc. At the end of March 2021, the group operated a refinery in India. The group also produces petrochemicals (polyethylene, polypropylene, polyvinyl chloride, polyester, purified terephthalic acid, paraxylene, ethylene, olefins, benzene, butadiene, acrylonitrile and caustic soda);
- distribution of consumer products (28.3%): distribution of food products, clothing and accessories, consumer electronics, etc. through a network of 12,711 stores in India;
- digital services (5.1%);
- exploration and production of crude oil and natural gas (0.3%);
- financial services (0.2%);
- other (7.7%): telecommunications and media services, textile manufacturing, etc.
India accounts for 61.5% of net sales.
RELIANCE INDUSTRIES LTD 
