Financials
Q2-17: Reliance: Jio busts records, organised retail grows 63 percent
BENGALURU: The Mukesh D Ambani led Reliance Industries Limited (RIL) organized retail segment – Reliance Retail, continued its growth momentum and profitability in the quarter ended 30 September 2016 (Q2-17, current quarter), while its digital services offering Jio has broken all records in terms of subscriber acquisition.
The RIL earnings release for Q2-17 says that Jio has created a world record by crossing 1.6 crore (16 million) subscribers in its first month of operations (September 2016). RIL says that Jio has achieved this growth faster than any other telecom operator or start up in the world including the likes of Facebook, WhatsApp and Skype.
Ambani, said, “We are delighted and humbled by the enthusiastic adoption of Jio by India. Jio is built to empower every Indian with the power of data.”
Further, RIL claims that Jio applications have been very popular on the network. In 1 week from launch, all the 12 Jio applications were ranked in the top 15 applications on Playstore and Appstore. All the Jio applications, including JioTV, JioCinema, JioMusic, JioMagazine, JioNews, which bouquet is worth Rs. 15,000 for an annual subscription, have been provided complimentary for all active Jio subscribers up to 31 December 2017.
Organised Retail
RIL’s Organised Retail segment revenue in the current quarter increased 63 percent year-over-year (y-o-y) to Rs 8,079 crore as compared to Rs 4,856 crore and increased 21.2 percent quarter-over-quarter (q-o-q) from Rs 6,666 crore.
The segment’s EBIT increased 42.1 percent y-o-y to Rs 162 crore from Rs 114 crore and increased 9.5 percent q-o-q from Rs 148 crore.
RIL says that during the quarter, Reliance Retail added 59 stores across various store concepts and strengthened its distribution network for consumer electronics. Omni commerce channel offerings www.footprint360.com and www.ajio.com gained traction during the quarter. As on 30September 2016, Reliance Retail operated 3,442 stores across 679 cities with an area of over 1.3 crore (13 million) square feet.
RIL numbers
RIL achieved a turnover of Rs 81,651 crore ($ 12.3 billion), an increase of 9.6 percent, as compared to Rs 74,490 crore in the corresponding period of the previous year. Increase in revenue is primarily on account of increase in volumes in refining, petrochemical and retail businesses.
Operating profit before other income and depreciation (before exceptional item) increased by 20.2 percent on a y-o-y basis to Rs 11,176 crore ($ 1.7 billion) from Rs 9,301 crore in the previous year. Strong operating performance from refining and petrochemicals businesses was partially offset by lower contribution from Oil & Gas business due to lower volumes and weak price environment says that company.
Profit after tax excluding exceptional items was higher by 43.1 perc ent at Rs 7,206 crore ($ 1.1 billion) as against Rs 5,035 crore in the corresponding period of the previous year.
Basic earnings per share (EPS) excluding exceptional items for the quarter ended 30th September 2016 was Rs 24.4 as against Rs 17.1 in the corresponding period of the previous year.
Note:The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR).The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:
(a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.
(b) 10,000 lakh = 100 crore = 1 arab = 1 billion.Skype, www.footprint360.com, www.ajio.com, Q2-17
MUMBAI: It’s time to brief the markets: Page Industries is showing that even when regulations tighten, it can still keep its footing in the innerwear business. The Bengaluru-based apparel major has reported its financials for the quarter ended 31 December 2025, delivering a performance that remains steady and well put together.
The company’s top line showed plenty of elasticity this quarter. Revenue from operations stretched to Rs 1,38,675.71 lakhs, a healthy jump from the Rs 1,29,085.82 lakhs reported in the preceding quarter. Compared to the same period last year, which stood at Rs 1,31,305.10 lakhs, it’s clear the brand’s grip on the market isn’t loosening. Total income for the quarter, including other finance gains, reached a comfortable Rs 1,39,919.03 lakhs.
However, it wasn’t all smooth silk. The Government of India’s new unified Labour Codes, covering everything from wages to social security, officially kicked in on 21 November 2025. This regulatory shift forced Page Industries to account for a one-time “exceptional item” cost of Rs 3,500.42 lakhs to cover incremental employee benefits and related obligations. Despite this Rs 35-crore legislative snag, the underlying business remained robust. Profit before tax stood at Rs 25,625.35 lakhs after the exceptional hit, and without that one-off cost, the figure would have been a more muscular Rs 29,125.77 lakhs. Net profit for the quarter came in at Rs 18,953.64 lakhs.
Total expenses rose to Rs 1,10,793.26 lakhs, driven largely by raw material consumption of Rs 30,162.65 lakhs and employee benefits of Rs 23,310.66 lakhs. Even so, the company’s operational strength ensured the bottom line remained firmly stitched together.
For shareholders, the news is particularly “fitting.” The Board has declared a third interim dividend for 2025-26 of Rs 125 per equity share. The record date has been set for 11 February 2026, with the payment scheduled on or before 6 March 2026. This follows two previous interim dividends of Rs 150 and Rs 125 declared earlier in the financial year, reinforcing the company’s commitment to sharing the spoils of its success.
Looking at the nine-month stretch ending December 2025, Page Industries has amassed total income of Rs 4,04,090.59 lakhs, with total comprehensive income of Rs 58,231.49 lakhs. While the basic earnings per share for the quarter dipped slightly to Rs 169.93, compared to Rs 183.48 in the same quarter last year, the year-to-date EPS remains a solid Rs 524.57.
Auditors at S.R. Batliboi & Associates LLP have given the results a “limited review” thumbs up, reporting no material misstatements. It seems that, as far as Page Industries is concerned, the business remains as well-constructed as its famous Jockey briefs.
