Reliance Industries : Annual Financial Results for the year ended March 31, 2020

April 30, 2020
BSE Limited	National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers,	Exchange Plaza, Plot No. C/1, G Block,
Dalal Street,	Bandra-Kurla Complex, Bandra (East),
Mumbai 400 001,	Mumbai 400 051
Scrip Code: 500325	Trading Symbol:	RELIANCE

Dear Sirs,

Sub: Standalone and Consolidated Audited Financial Results for the quarter / year ended March 31, 2020

In continuation of our letter dated April 27, 2020, we wish to inform you that the Board of Directors of the Company, at its meeting held today, has inter alia:

1. Approved the Audited Financial Statements (Standalone and Consolidated) for the year ended March 31, 2020 and the Audited Financial Results (Standalone and Consolidated) for the quarter / year ended March 31, 2020, as recommended by the Audit Committee; and
2. Recommended a Dividend of Rs. 6.50 per equity share of Rs. 10/- each for the financial year ended March 31, 2020

Pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose the following:

1. Audited Financial Results (Standalone and Consolidated) for the quarter / year ended March 31, 2020; and
2. Auditors' Reports with unmodified opinions on the aforesaid Audited Financial Results (Standalone and Consolidated)

The meeting of the Board of Directors commenced at 4:30 p.m. and concluded at 6:15 p.m.

We shall inform you in due course the date on which the Company will hold its Annual General Meeting for the year ended March 31, 2020 and the date from which dividend, if approved by the shareholders, will be paid or warrants thereof despatched to the shareholders.

Thanking you,

Yours faithfully,

For Reliance Industries Limited

Savithri Parekh

Joint Company Secretary and Compliance Officer

Encl.: As above

Copy to:
The Luxembourg Stock Exchange	Singapore Stock Exchange	Taipei Stock Exchange
Societe de la Bourse de Luxembourg,	2 Shenton Way, #19- 00	15F, No.100, Sec. 2,
35A boulevard Joseph II	SGX Centre 1,	Roosevolt Road,
B P 165, L-2011 Luxembourg	Singapore 068804	Taipei, Taiwan, 10084

Regd. Office: 3rd Floor, Maker Chambers IV, 222, Nariman Point, Mumbai- 400 021, India

Phone #: [phone], Telefax: [phone]. E-mail:[e-mail], Website: www.ril.com

CIN- L17110MH1973PLC019786

Name of the Company:Reliance Industries Limited

Registered Office : 3rd Floor, Maker Chambers IV, 222, Nariman Point, Mumbai 400 021

AUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER/YEAR ENDED 31ST MARCH, 2020

(` in crore, except per share data)

Particulars			Quarter Ended			Year Ended
	31 Mar'20		31 Dec'19		31 Mar'19		31 Mar'20		31 Mar'19
Income
Value of Sales & Services (Revenue)		151,209		169,098		155,151		659,205		625,212
Less: GST Recovered		11,926		12,056		12,586		47,560		42,118
Revenue from Operations		139,283		157,042		142,565		611,645		583,094
Other Income		4,133		3,405		2,826		13,956		8,386
		Total Income		143,416		160,447		145,391		625,601		591,480
Expenses
Cost of Materials Consumed		57,683		68,373		62,092		260,621		275,237
Purchases of Stock-in-Trade		31,797		38,476		32,192		149,667		123,930
Changes in Inventories of Finished Goods, Work-in-Progress and Stock-in-Trade		99		(1,378)		(1,636)		(5,048)		(4,680)
Excise Duty		3,043		3,863		2,975		14,902		13,885
Employee Benefits Expense		3,713		3,880		3,345		14,075		12,488
Finance Costs		6,064		5,404		4,894		22,027		16,495
Depreciation / Amortisation and Depletion Expense		6,332		5,545		5,295		22,203		20,934
Other Expenses		21,166		21,202		22,444		89,211		78,067
		Total Expenses		129,897		145,365		131,601		567,658		536,356
Profit Before Share of Profit/(Loss) of Associates and Joint Ventures,		13,519		15,082		13,790		57,943		55,124
Exceptional Item and Tax
Share of Profit/(Loss) of Associates and Joint Ventures		(29)		57		68		107		103
Profit Before Exceptional Item and Tax		13,490		15,139		13,858		58,050		55,227
Exceptional Item (Refer Note 2)		(4,267)		(177)		-		(4,444)		-
Profit Before Tax$		9,223		14,962		13,858		53,606		55,227
Tax Expenses$
Current Tax		1,376		1,996		2,804		8,630		11,683
Deferred Tax		1,301		1,125		627		5,096		3,707
Profit for the Period		6,546		11,841		10,427		39,880		39,837
Other Comprehensive Income (OCI)
i		Items that will not be reclassified to Profit or Loss		23,280		(449)		77,275		22,286		77,470
ii		Income tax relating to items that will not be reclassified to Profit or Loss		(240)		(975)		(16,665)		(1,088)		(16,705)
iii		Items that will be reclassified to Profit or Loss		(5,688)		(787)		1,304		(7,085)		(2,177)
iv		Income tax relating to items that will be reclassified to Profit or Loss		964		55		(141)		1,180		177
Total Other Comprehensive Income/(Loss) (Net of Tax)		18,316		(2,156)		61,773		15,293		58,765
Total Comprehensive Income for the Period		24,862		9,685		72,200		55,173		98,602
Net Profit attributable to :
a)		Owners of the Company		6,348		11,640		10,362		39,354		39,588
b)		Non-Controlling Interest		198		201		65		526		249
Other Comprehensive Income attributable to :
a)		Owners of the Company		18,326		(2,152)		61,770		15,311		58,773
b)		Non-Controlling Interest		(10)		(4)		3		(18)		(8)
Total Comprehensive Income attributable to :
a)		Owners of the Company		24,674		9,488		72,132		54,665		98,361
b)		Non-Controlling Interest		188		197		68		508		241
Earnings per equity share (Face Value of ` 10/-) (Not Annualised for the quarter)
(a.1)		Basic (in `) - Before Exceptional Items		16.75		18.64		17.49		70.66		66.82
(a.2)		Basic (in `) - After Exceptional Items		10.01		18.36		17.49		63.49		66.82
(b.1)	Diluted (in `)- Before Exceptional Items		16.74		18.64		17.48		70.66		66.80
(b.2)	Diluted (in `)- After Exceptional Items		10.01		18.36		17.48		63.49		66.80
Paid up Equity Share Capital, Equity Shares of ` 10/- each.		6,339		6,339		5,926		6,339		5,926

Registered Office:	Corporate Communications	Telephone	: ([phone]
Maker Chambers IV	Maker Chambers IV	Telefax	: ([phone]
3rd Floor, 222, Nariman Point	9th Floor, Nariman Point	Internet	:	www.ril.com; [e-mail]
Mumbai 400 021, India	Mumbai 400 021, India	CIN	:	L17110MH1973PLC019786

Page 1 of 23

							(` in crore, except per share data)
Particulars			Quarter Ended			Year Ended
	31 Mar'20		31 Dec'19	31 Mar'19		31 Mar'20		31 Mar'19
Other Equity excluding Revaluation Reserve							446,992		381,186
Capital Redemption Reserve / Debenture Redemption Reserve		9,477		9,460	9,426		9,477		9,426
Net Worth (including Retained Earning)		375,734		355,605	324,644		375,734		324,644
a)	Debt Service Coverage Ratio		1.62		2.62	2.46		1.99		1.95
b)	Interest Service Coverage Ratio		3.22		3.80	3.83		3.64		4.35
c)	Debt Equity Ratio		0.74		0.74	0.74		0.74		0.74

$ Profit before tax is after exceptional item and tax thereon and Tax expenses are excluding the current tax on exceptional items.

Registered Office:	Corporate Communications	Telephone	: ([phone]
Maker Chambers IV	Maker Chambers IV	Telefax	: ([phone]
3rd Floor, 222, Nariman Point	9th Floor, Nariman Point	Internet	:	www.ril.com; [e-mail]
Mumbai 400 021, India	Mumbai 400 021, India	CIN	:	L17110MH1973PLC019786

Page 2 of 23

Notes

1. The figures for the corresponding previous period have been regrouped/reclassified wherever necessary, to make them comparable.
   The figures for quarter ended 31st March, 2020 are balancing figures between the audited figures of the full financial year and the reviewed year-to-date figures up to the third quarter of the financial year.
2. The outbreak of Coronavirus (COVID-19) pandemic globally and in India is causing significant disturbance and slowdown of economic activity. In many countries, businesses are being forced to cease or limit their operations for long or indefinite period of time. Measures taken to contain the spread of the virus, including travel bans, quarantines, social distancing, and closures of non-essential services have triggered significant disruptions to businesses worldwide, resulting in an economic slowdown.
   COVID-19 is significantly impacting business operation of the companies, by way of interruption in production, supply chain disruption, unavailability of personnel, closure / lock down of production facilities etc. On 24th March 2020, the Government of India ordered a nationwide lockdown for 21 days which further got extended till 3rd May 2020 to prevent community spread of COVID-19 in India resulting in significant reduction in economic activities. Further, during March 2020/April 2020, there has been significant volatility in oil prices, resulting in reduction in oil prices.
   In assessing the recoverability of Company's assets such as Investments, Loans, intangible assets, Goodwill, Trade receivable, Inventories etc. the Company has considered internal and external information upto the date of approval of these financial results. The company has performed sensitivity analysis on the assumptions used basis the internal and external information / indicators of future economic conditions and expects to recover the carrying amount of the assets.
   Further, in respect to Refining and Petrochemicals business, the Company has determined the non-cash inventory holding losses in the energy businesses due to dramatic drop in oil prices accompanied with unprecedented demand destruction due to Covid-19 and the same has been

Registered Office:	Corporate Communications	Telephone	: ([phone]
Maker Chambers IV	Maker Chambers IV	Telefax	: ([phone]
3rd Floor, 222, Nariman Point	9th Floor, Nariman Point	Internet	:	www.ril.com; [e-mail]
Mumbai 400 021, India	Mumbai 400 021, India	CIN	:	L17110MH1973PLC019786

Page 3 of 23

disclosed as Exceptional Items in the Financial Results. Impact of the same, net of current tax for the quarter and year ended 31 March 2020 is ` 4,245 crore (tax ` 899 crore).

In addition to above, the Company has also recognized ` 53 crore against liability relating to erstwhile subsidiary GAPCO and reversed ` 31 crore for AGR dues of RJIL (charge in quarter ended December 31st, 2019 ` 177 crore and year ended March 31st, 2020 ` 146 crore), as part of exceptional items.

1. During the year, pursuant to a scheme of arrangement sanctioned by the National Company
   Law Tribunal, Reliance Corporate IT Park Limited ("RCITPL"), a wholly-owned subsidiary of the Company has reclassified its development rights in leasehold land to "Intangible Assets under Development". In terms of the scheme, RCITPL has accounted the fair valuation impact of "Intangible Assets under Development" aggregating to ` 38 crore in the retained earnings, overriding the provisions of Ind AS in accordance with the current accounting guidelines. Same accounting treatment has been followed in consolidated financial results.
2. The Company and its subsidiaries have repaid Commercial Papers on their respective due dates. The details of outstanding Commercial Papers (listed) as on March 31, 2020 is as below:

Sr. No.	Name of Company	` in crore	Credit rating
1	Reliance Industries Limited	27,709	A1+ by CRISIL & CARE
2	Reliance Jio Infocomm Limited	23,242	A1+ by CRISIL & CARE
3	TV18 Broadcast Limited	720	A1+ by CARE, ICRA & India
4	Network18 Media & Investments Limited	1,490	A1+ by CARE, ICRA & India

5 a. Total Non-Convertible Debentures of the Company outstanding as on 31st March,2020 are

• 55,599 crore out of which, secured non-convertible debentures are ` 13,886 crore.

The asset cover in respect of the non-convertible debentures of the Company as on 31st March, 2020 exceeds hundred percent of the principal amount of the said listed secured non- convertible debentures.

Registered Office:	Corporate Communications	Telephone	: ([phone]
Maker Chambers IV	Maker Chambers IV	Telefax	: ([phone]
3rd Floor, 222, Nariman Point	9th Floor, Nariman Point	Internet	:	www.ril.com; [e-mail]
Mumbai 400 021, India	Mumbai 400 021, India	CIN	:	L17110MH1973PLC019786

Page 4 of 23

5 b. Details of non-convertible debentures are as follows:

S.	Particulars	Whether	Rating	Previous Due Date	Next Due Date
No.		Secured /		(1st October 2019 till 31st March	(1st April 2020 till 30th September
		Unsecured
				2020)		2020)
				Principal		Interest	Principal		Interest
			CRISIL
1	PPD180	Secured*	AAA/Stable,	-		-	6th May 2020		6th May 2020
Tranche 1	IND
			AAA/Stable
2	PPD Series A	Unsecured		-		-	-		31st Aug 2020
3	PPD Series B	Unsecured		-		-	16th Sep 2020		1st Sep 2020 /
			16th Sep 2020
4	PPD Series C	Unsecured	CRISIL	-		-	04th Sep 2020		04th Sep 2020
5	PPD Series G	Unsecured	AAA/Stable,	-		17th Oct 2019	-		-
6	PPD Series D	Unsecured	[ICRA] AAA	-		08th Nov 2019	-		-
7	PPD Series H	Unsecured	(Stable),	-		11th Nov 2019	-		-
8	PPD Series E	Unsecured	CARE	-		14th Nov 2019	-		-
9	PPD Series IB	Unsecured	AAA/Stable	-		11th Dec 2019	-		-
10	PPD Series IA	Unsecured		-		11th Dec 2019	-		-
11	PPD Series F	Unsecured		-		24th Dec 2019	-		-
12	PPD Series J	Unsecured		-		09th Mar 2020	-		-
13	PPD1	Unsecured	CRISIL -AAA	-		-	15th Sep 2020		15th Sep 2020
			/ Stable
14	PPD2	Unsecured	CARE	-		4th Oct 2019	-		-
			AAA/Stable
15	PPD3	Unsecured		-		-	-		16th June 2020
16	PPD4	Unsecured		18th Nov 2019		18th Nov 2019
17	PPD5	Unsecured	CRISIL AAA/	21st Jan 2020		21st Jan 2020
(Option 1)
		Stable
	PPD5
18	Unsecured	[ICRA]AAA	-		21st Jan 2020	-
(Option 2)
		(Stable)
19	PPD8	Secured**	-		30th Oct 2019	-		30th Apr 2020
				30th Jan 2020		30th July 2020
20	PPD11	Secured**		-			-		8th July 2020
21	PPD12	Secured**	CRISIL AAA/	-			-		09th Apr 2020
22	PPD13	Secured**	Stable	-			-		16th Apr 2020
23	PPD14	Secured**	[ICRA]AAA	-			-		24th Apr 2020
			(Stable)
24	PPD15	Secured**	-			-		15th June 2020
CARE AAA/
25	PPD16	Secured**	Stable	-			-		20th July 2020

• Secured by way of first mortgage/charge on RIL's certain immovable properties.
• Secured by way of pari passu charge on RJIL's certain movable properties.

Interest and Principal have been paid on the due dates.

Registered Office:	Corporate Communications	Telephone	: ([phone]
Maker Chambers IV	Maker Chambers IV	Telefax	: ([phone]
3rd Floor, 222, Nariman Point	9th Floor, Nariman Point	Internet	:	www.ril.com; [e-mail]
Mumbai 400 021, India	Mumbai 400 021, India	CIN	:	L17110MH1973PLC019786

Page 5 of 23

6. Formulae for computation of ratios are as follows -

Earnings before Interest, Tax and Exceptional Items

Debt Service Coverage Ratio = Interest Expense + Principal Repayments made during the period for long term loans

Interest Service Coverage Ratio = Earnings before Interest, Tax and Exceptional Items

	Interest Expense
Debt / Equity Ratio	= Total Debt

Equity

Total Debt represents Current Borrowings, Non-Current Borrowings and Current maturities of Non-Current Borrowings.

Equity represents Equity Share Capital and Other Equity.

7. The Audit Committee has reviewed the above results and the Board of Directors has approved the above results and its release at their respective meetings held on 30th April, 2020.

Registered Office:	Corporate Communications	Telephone	: ([phone]
Maker Chambers IV	Maker Chambers IV	Telefax	: ([phone]
3rd Floor, 222, Nariman Point	9th Floor, Nariman Point	Internet	:	www.ril.com; [e-mail]
Mumbai 400 021, India	Mumbai 400 021, India	CIN	:	L17110MH1973PLC019786

Page 6 of 23

AUDITED CONSOLIDATED BALANCE SHEET

		(` in crore)
Particulars	As at 31st March 2020	As at 31st March 2019
ASSETS
Non-Current Assets
Property, Plant and Equipment	435,920	302,115
Capital Work-in-Progress	59,096	150,178
Goodwill	10,259	11,997
Other Intangible Assets	86,479	84,262
Intangible Assets Under Development	50,010	29,285
Financial Assets
Investments	203,852	164,612
Loans	21,732	5,452
Deferred Tax Assets (Net)	2,900	4,776
Other Non-Current Assets	37,407	17,676
Total Non-Current Assets	907,655	770,353
Current Assets
Inventories	73,903	67,561
Financial Assets
Investments	72,915	71,023
Trade Receivables	19,656	30,089
Cash and Cash Equivalents	30,920	11,081
Loans	669	545
Other Financial Assets	27,434	10,283
Other Current Assets	32,763	36,804
Total Current Assets	258,260	227,386
Assets Held for Sale	-	4,667
Total Assets	1,165,915	1,002,406
EQUITY AND LIABILITIES
Equity
Equity Share Capital	6,339	5,926
Other Equity	446,992	381,186
Non-Controlling Interest	8,016	8,280
Liabilities
Non-Current Liabilities
Financial Liabilities
Borrowings	197,631	207,506
Other Financial Liabilities	18,804	10,020
Deferred Payment Liabilities	18,839	18,839
Provisions	1,790	2,856
Deferred Tax Liabilities (Net)	54,123	49,923
Other Non- Current Liabilities	465	548
Total Non-Current Liabilities	291,652	289,692
Current Liabilities
Financial Liabilities
Borrowings	93,786	64,436
Trade Payables	96,799	108,309
Other Financial Liabilities	144,778	87,051
Other Current Liabilities	75,663	52,901
Provisions	1,890	1,326
Total Current Liabilities	412,916	314,023
Liabilities directly associated with Assets held for Sale	-	3,299
Total Liabilities	704,568	607,014
Total Equity and Liabilities	1,165,915	1,002,406

Registered Office:	Corporate Communications	Telephone	: ([phone]
Maker Chambers IV	Maker Chambers IV	Telefax	: ([phone]
3rd Floor, 222, Nariman Point	9th Floor, Nariman Point	Internet	:	www.ril.com; [e-mail]
Mumbai 400 021, India	Mumbai 400 021, India	CIN	:	L17110MH1973PLC019786

Page 7 of 23

AUDITED CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH, 2020

			(` in crore)
Particulars	Year Ended 31st	Year Ended
		Mar'20	31st Mar'19
A.	CASH FLOW FROM OPERATING ACTIVITIES:
	Net Profit Before Tax as per Statement of Profit and Loss (After exceptional item and tax thereon)	53,606	55,227
	Adjusted for:
	Share of (Profit)/Loss of Associates and Joint Ventures	(107)	(103)
	Loss on Buy back of debentures	60	-
	(Profit) / Loss on Sale / Discard of Property, Plant and Equipment and Other Intangible Asset (Net)	247	33
	Depreciation / Amortisation and Depletion Expense	22,203	20,934
	Effect of Exchange Rate Change	107	(1,319)
	(Profit)/Loss on Divestment of Stake	11	(20)
	Net Gain on Financial Assets#	(2,076)	(2,471)
	Tax on Exceptional Item	(948)	-
	Dividend Income#	(110)	(501)
	Interest Income#	(10,317)	(4,952)
	Finance Costs#	21,880	16,491
	Operating Profit before Working Capital Changes	84,556	83,319
	Adjusted for:
	Trade and Other Receivables	(9,804)	(40,136)
	Inventories	(6,342)	(6,724)
	Trade and Other Payables	38,050	18,078
	Cash Generated from Operations	106,460	54,537
	Taxes Paid (Net)	(8,386)	(12,191)
	Net Cash Flow from Operating Activities	98,074	42,346
B.	CASH FLOW FROM INVESTING ACTIVITIES:
	Purchase of Property, Plant and Equipment and Other Intangible Assets	(76,517)	(93,626)
	Proceeds from disposal of Property, Plant and Equipment and Other Intangible Assets	964	849
	Purchase of Other Investments	(1,159,270)	(1,105,479)
	Proceeds from Sale of Financial Assets (including advance received)	1,173,330	1,103,615
	Upfront Fibre Payment	(16,439)	-
	Net Cash Flow for Other Financial Assets	650	(1,960)
	Interest Income	1,477	972
	Dividend Income from Associates	18	3
	Dividend Income from Others	70	498
	Net Cash Flow used in Investing Activities	(75,717)	(95,128)
C.	CASH FLOW FROM FINANCING ACTIVITIES:
	Proceeds from Issue of Equity Share Capital	18	117
	Proceeds from Issue of Share Capital to Non-Controlling Interest/Compulsorily Convertible Debentures	111	113
	Share Application Money	1	2
	Payment of Lease Liabilities	(1,062)	-
	Proceeds from Borrowing - Non-Current	28,665	80,299
	Repayment of Borrowing - Non-Current	(18,179)	(20,245)
	Borrowing - Current (Net)	25,095	26,402
	Deferred Payment Liabilities	(1,370)	(870)
	Movement in Deposits	(2,720)	(2,292)
	Dividend Paid (including Dividend Distribution Tax)	(4,592)	(4,282)
	Interest Paid	(28,508)	(23,338)
	Net Cash (used in) / from Financing Activities	(2,541)	55,906
	Net Increase in Cash and Cash Equivalents	19,816	3,124
	Opening Balance of Cash and Cash Equivalents	11,081	7,336
	Add: Upon addition of Subsidiaries	23	621
	Closing Balance of Cash and Cash Equivalents	30,920	11,081

#Other than Financial Services Segment

Registered Office:	Corporate Communications	Telephone	: ([phone]
Maker Chambers IV	Maker Chambers IV	Telefax	: ([phone]
3rd Floor, 222, Nariman Point	9th Floor, Nariman Point	Internet	:	www.ril.com; [e-mail]
Mumbai 400 021, India	Mumbai 400 021, India	CIN	:	L17110MH1973PLC019786

Page 8 of 23

AUDITED CONSOLIDATED SEGMENT INFORMATION FOR THE QUARTER/YEAR ENDED 31ST MARCH, 2020

															(` in crore)
Sr.	Particulars				Quarter Ended			Year Ended
No
				31 Mar'20		31 Dec'19		31 Mar'19		31 Mar'20		31 Mar'19
1.		Segment Value of Sales and Services (Revenue)
		-	Petrochemicals			32,206		36,909			42,414		145,264		172,065
		-	Refining			84,854		103,718			87,844		387,522		393,988
		-	Oil and Gas			625		873			1,069		3,211		5,005
		-	Organized Retail			38,211		45,327			36,663		162,936		130,566
		-	Digital Services			18,632		17,555			14,328		68,462		48,660
		-	Financial Services			671		240			322		1,271		250
		-	Others			17,155		4,639			7,938		42,463		22,151
		Gross Value of Sales and Services		192,354		209,261			190,578		811,129		772,685
		Less: Inter Segment Transfers			41,145		40,163			35,427		151,924		147,473
		Value of Sales & Services			151,209		169,098			155,151		659,205		625,212
		Less: GST Recovered			11,926		12,056			12,586		47,560		42,118
		Revenue from Operations			139,283		157,042			142,565		611,645		583,094
2.		Segment Results (EBITDA)
		-	Petrochemicals			5,938		7,239			9,346		30,933		37,866
		-	Refining			6,614		6,808			5,239		24,461		26,050
		-	Oil and Gas			(46)		64			258		353		1,642
		-	Organized Retail			2,556		2,727			1,923		9,654		6,201
		-	Digital Services			6,452		5,833			4,515		22,517		15,341
		-	Financial Services$			39		146			315		473		233
		-	Others			1,772		1,089			551		4,573		2,751
		Total Segment Profit before Interest, Tax,
		Exceptional items and Depreciation, Amortisation		23,325		23,906			22,147		92,964		90,084
		and Depletion
3.		Segment Results (EBIT)
		-	Petrochemicals			4,553		5,866			7,961		25,547		32,394
		-	Refining			5,706		5,934			4,452		21,334		22,880
		-	Oil and Gas			(485)		(366)			(267)		(1,407)		(1,379)
		-	Organized Retail			2,062		2,389			1,721		8,263		5,546
		-	Digital Services			4,104		3,857			2,665		14,363		8,784
		-	Financial Services$			39		146			315		473		233
		-	Others			1163		658			139		2,721		1,225
		Total Segment Profit before Interest and Tax and		17,142		18,484			16,986		71,294		69,683
		Exceptional items
		(i)	Finance Cost*			(6,022)		(5,306)			(4,893)		(21,880)		(16,491)
		(ii)	Interest Income**			2,580		2,469			1,261		9,980		4,952
		(iii)	Other Un-allocable Income (Net of Expenditure)		(210)		(508)			504		(1,344)		(2,917)
		Profit Before Exceptional Items and Tax		13,490		15,139			13,858		58,050		55,227
		Exceptional Item			(4,267)		(177)			-		(4,444)		-
		Profit before Tax			9,223		14,962			13,858		53,606		55,227
		(i)	Current Tax			(1,376)		(1,996)			(2,804)		(8,630)		(11,683)
		(ii) Deferred Tax			(1,301)		(1,125)			(627)		(5,096)		(3,707)
		Profit after Tax (including share of Profit/(Loss) of		6,546		11,841			10,427		39,880		39,837
		Associates & Joint Ventures)
4.		Total EBITDA			25,886		26,088			24,047		102,280		92,656
	Registered Office:	Corporate Communications	Telephone	:	([phone]
	Maker Chambers IV	Maker Chambers IV		Telefax	:	([phone]
	3rd Floor, 222, Nariman Point	9th Floor, Nariman Point	Internet	:	www.ril.com; [e-mail]
	Mumbai 400 021, India	Mumbai 400 021, India	CIN	:	L17110MH1973PLC019786

Page 9 of 23

											(` in crore)
Sr.					Quarter Ended				Year Ended
No	Particulars		31 Mar'20		31 Dec'19	31 Mar'19		31 Mar'20		31 Mar'19
5.	Segment Assets
	-	Petrochemicals		130,866		128,691	129,952		130,866		129,952
	-	Refining		229,070		223,452	220,103		229,070		220,103
	-	Oil and Gas		42,693		39,487	36,133		42,693		36,133
	-	Organized Retail		38,165		44,634	35,560		38,165		35,560
	-	Digital Services		277,439		256,888	213,393		277,439		213,393
	-	Financial Services		25,258		17,491	8,332		25,258		8,332
	-	Others		92,522		96,691	65,992		92,522		65,992
	-	Unallocated		329,902		279,962	292,941		329,902		292,941
	Total Segment Assets		1,165,915		1,087,296	1,002,406		1,165,915		1,002,406
6.	Segment Liabilities
	-	Petrochemicals		12,129		11,830	21,745		12,129		21,745
	-	Refining		38,265		49,277	46,928		38,265		46,928
	-	Oil and Gas		42,626		41,501	42,201		42,626		42,201
	-	Organized Retail		19,276		26,246	22,508		19,276		22,508
	-	Digital Services		75,837		186,119	150,083		75,837		150,083
	-	Financial Services		78		259	19		78		19
	-	Others		25,180		25,865	10,790		25,180		10,790
	-	Unallocated		952,524		746,199	708,132		952,524		708,132
	Total Segment Liabilities		1,165,915		1,087,296	1,002,406		1,165,915		1,002,406

$ Segment results (EBITDA and EBIT) of the financial services segment include interest income and interest expense relating to the segment.

*Finance cost relating to Financial Services segment of ` 42 crore for the quarter ended March 31st, 2020; ` 98 crore for the quarter ended December 31st 2019, ` 1 crore for the quarter ended March 31st 2019, ` 147 crore for the year ended March 31st, 2020 ` 4 crore for the year ended March 31st ,2019, has been considered as part of Segment result.

• Interest Income relating to Petrochemicals Segment of ` 337 crore for quarter and year ended March 31, 2020 has been considered as part of Segment result.

Registered Office:	Corporate Communications	Telephone	: ([phone]
Maker Chambers IV	Maker Chambers IV	Telefax	: ([phone]
3rd Floor, 222, Nariman Point	9th Floor, Nariman Point	Internet	:	www.ril.com; [e-mail]
Mumbai 400 021, India	Mumbai 400 021, India	CIN	:	L17110MH1973PLC019786

Page 10 of 23

Notes to Segment Information (Consolidated) for the Quarter / Year Ended 31st March, 2020

1. As per Indian Accounting Standard 108 'Operating Segments', the Company has reported 'Segment Information', as described below:

1. The Petrochemicals segment includes production and marketing operations of petrochemical products namely, High density Polyethylene, Low density Polyethylene, Linear Low density Polyethylene, Polypropylene, Polyvinyl Chloride, Polyester Yarn, Polyester Fibres, Purified Terephthalic Acid, Paraxylene, Ethylene Glycol, Olefins, Aromatics, Linear Alkyl Benzene, Butadiene, Acrylonitrile, Poly Butadiene Rubber, Styrene Butadiene Rubber, Caustic Soda, Polyethylene Terephthalate, High Purity Iso- Butylene and Composites.
2. The Refining segment includes production and marketing operations of the petroleum products.
3. The Oil and Gas segment includes exploration, development, production of crude oil and natural gas.
4. The Organized Retail segment includes organized retail business in India.
5. The Digital Services segment includes provision of a range of digital services in India and investment in telecom infrastructure business.
6. The Financial Services segment comprises of management and deployment of identified resources of the Company to various activities including non-banking financial services, insurance broking etc.
7. Other business segments which are not separately reportable have been grouped under the Others segment.
8. Other investments / assets, long term resources raised by the company, business trade financing liabilities managed by the centralised treasury function and related income/expense are considered under Unallocated.

Registered Office:	Corporate Communications	Telephone	: ([phone]
Maker Chambers IV	Maker Chambers IV	Telefax	: ([phone]
3rd Floor, 222, Nariman Point	9th Floor, Nariman Point	Internet	:	www.ril.com; [e-mail]
Mumbai 400 021, India	Mumbai 400 021, India	CIN	:	L17110MH1973PLC019786

Page 11 of 23

2. During this quarter, the Company has identified 'Financial services' as a separate business segment. It is based on internal reorganization of its business segments, increased focus and business review carried out by the Executive Committee (Chief Operating Decision Maker - CODM) of the Company. The Financial Services segment comprises of management and deployment of identified resources of the Company to various activities including non-banking financial services, insurance broking etc.

Further, the CODM has evaluated that business trade financing would be part of the centralized treasury function along with management of long-term resources raised by the Company.

Pursuant to the above change, the Company has restated segment information of all comparative previous periods in consonance with Ind AS 108 - Operating Segments", including related disclosures.

Registered Office:	Corporate Communications	Telephone	: ([phone]
Maker Chambers IV	Maker Chambers IV	Telefax	: ([phone]
3rd Floor, 222, Nariman Point	9th Floor, Nariman Point	Internet	:	www.ril.com; [e-mail]
Mumbai 400 021, India	Mumbai 400 021, India	CIN	:	L17110MH1973PLC019786

Page 12 of 23

AUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER/YEAR ENDED 31ST MARCH, 2020

(` in crore, except per share data)

Particulars			Quarter Ended			Year Ended
				31 Mar'20		31 Dec'19		31 Mar'19		31 Mar'20		31 Mar'19
Income
Value of Sales & Services (Revenue)		80,298		93,828		90,816		365,202		401,583
Less: GST Recovered		3,299		3,589		4,076		14,322		16,082
Revenue from Operations		76,999		90,239		86,740		350,880		385,501
Other Income		3,946		3,867		2,715		14,541		8,822
		Total Income		80,945		94,106		89,455		365,421		394,323
Expenses
Cost of Materials Consumed		50,447		61,844		59,085		237,342		265,288
Purchases of Stock-in-Trade		2,158		1,841		1,594		7,292		8,289
Changes in Inventories of Finished Goods, Work-in-Progress and Stock-		(1,247)		91		(1,881)		77		(3,294)
in-Trade
Excise Duty		3,043		3,863		2,975		14,902		13,885
Employee Benefits Expense		1,506		1,426		1,405		6,067		5,834
Finance Costs		4,161		2,520		2,791		12,105		9,751
Depreciation / Amortisation and Depletion Expense		2,685		2,551		2,465		9,728		10,558
Other Expenses		9,749		8,216		9,690		33,347		36,645
		Total Expenses		72,502		82,352		78,124		320,860		346,956
Profit Before Exceptional Item and Tax		8,443		11,754		11,331		44,561		47,367
Exceptional Item (Refer Note 2)		4,245		-		-		4,245		-
Profit Before Tax$		4,198		11,754		11,331		40,316		47,367
Tax Expenses$
Current Tax		1,337		1,869		2,145		7,200		9,440
Deferred Tax		281		300		630		2,213		2,764
Profit for the Period		2,580		9,585		8,556		30,903		35,163
Other Comprehensive Income (OCI)
i		Items that will not be reclassified to Profit or Loss		(119)		(1)		77,154		(392)		76,892
ii		Income tax relating to items that will not be reclassified to Profit		36		(1,028)		(16,625)		(944)		(16,569)
	or Loss
iii		Items that will be reclassified to Profit or Loss		(5,672)		(315)		651		(6,921)		(827)
iv		Income tax relating to items that will be reclassified to Profit or		964		56		(140)		1,183		178
	Loss
Total Other Comprehensive Income/(Loss) (Net of Tax)		(4,791)		(1,288)		61,040		(7,074)		59,674
Total Comprehensive Income for the Period		(2,211)		8,297		69,596		23,829		94,837
Earnings per equity share (Face Value of ` 10/-) (Not Annualised for the
quarter)
(a.1)		Basic (in `) - Before Exceptional Item		10.77		15.12		13.50		55.45		55.48
(a.2)		Basic (in `) - After Exceptional Item		4.07		15.12		13.50		48.75		55.48
(b.1)		Diluted (in `) - Before Exceptional Item		10.77		15.12		13.50		55.44		55.47
(b.2)		Diluted (in `) - After Exceptional Item		4.07		15.12		13.50		48.75		55.47
Paid up Equity Share Capital, Equity Shares of ` 10/- each.		6,339		6,339		6,339		6,339		6,339
Other Equity excluding Revaluation Reserve								418,245		398,983
Capital Redemption Reserve/Debenture Redemption Reserve		9,375		9,375		9,375		9,375		9,375
Net Worth (including Retained Earning)		370,465		367,884		344,128		370,465		344,128
(a)		Debt Service Coverage Ratio		1.18		4.60		3.20		2.66		3.49
(b)		Interest Service Coverage Ratio		3.03		5.66		5.06		4.68		5.86
(c)		Debt-Equity Ratio		0.62		0.34		0.40		0.62		0.40

$ Profit before tax is after exceptional item and tax thereon and Tax expenses are excluding the current tax on exceptional items.

Registered Office:	Corporate Communications	Telephone	: ([phone]
Maker Chambers IV	Maker Chambers IV	Telefax	: ([phone]
3rd Floor, 222, Nariman Point	9th Floor, Nariman Point	Internet	:	www.ril.com; [e-mail]
Mumbai 400 021, India	Mumbai 400 021, India	CIN	:	L17110MH1973PLC019786

Page 13 of 23

Notes

1. The figures for the corresponding previous period have been regrouped / reclassified wherever necessary, to make them comparable.
   The figures for quarter ended 31st March, 2020 are balancing figures between the audited figures of the full financial year and the reviewed year-to-date figures up to the third quarter of the financial year.
2. The outbreak of Coronavirus (COVID-19) pandemic globally and in India is causing significant disturbance and slowdown of economic activity. In many countries, businesses are being forced to cease or limit their operations for long or indefinite period of time. Measures taken to contain the spread of the virus, including travel bans, quarantines, social distancing, and closures of non-essential services have triggered significant disruptions to businesses worldwide, resulting in an economic slowdown.
   COVID-19 is significantly impacting business operation of the companies, by way of interruption in production, supply chain disruption, unavailability of personnel, closure / lock down of production facilities etc. On 24th March 2020, the Government of India ordered a nationwide lockdown for 21 days which further got extended till 3rd May 2020 to prevent community spread of COVID-19 in India resulting in significant reduction in economic activities. Further, during March/April 2020, there has been significant volatility in oil prices, resulting in reduction in oil prices.
   In assessing the recoverability of Company's assets such as Investments, Loans, Intangible Assets, Goodwill, Trade receivable, Inventories etc. the Company has considered internal and external information upto the date of approval of these financial results. The Company has performed sensitivity analysis on the assumptions used basis the internal and external information / indicators of future economic conditions and expect to recover the carrying amount of the assets.
   Further, in respect to Refining and Petrochemicals business, the Company has determined the non-cash inventory holding losses in the energy businesses due to dramatic drop in oil prices accompanied with unprecedented demand destruction due to Covid-19 and the same has been disclosed as Exceptional Items in the Financial Results. Impact of the same, net of current tax for the quarter and year ended 31 March 2020 is ` 4,245 crore (tax ` 899 crore).

Registered Office:	Corporate Communications	Telephone	: ([phone]
Maker Chambers IV	Maker Chambers IV	Telefax	: ([phone]
3rd Floor, 222, Nariman Point	9th Floor, Nariman Point	Internet	:	www.ril.com; [e-mail]
Mumbai 400 021, India	Mumbai 400 021, India	CIN	:	L17110MH1973PLC019786

Page 14 of 23

1. Pursuant to the Scheme of Arrangement amongst RJIL and certain class of its creditors, approved by the Hon'ble National Company Law Tribunal, Ahmedabad bench vide order dated
   March 13, 2020, certain liabilities of ` 1,04,365 crore have stood transferred to RIL with an equal amount of consideration and the same has been recognized in financial statements with effect from appointed date i.e. December 16, 2019.
2. The Company has repaid Commercial Papers on their respective due dates. The Commercial Papers (listed) of the Company outstanding as on 31st March,2020 are ` 27,709 crore.
   The Company has retained 'CRISIL A1+' and 'CARE A1+' ratings by CRISIL Limited and Care Ratings Limited respectively.
3. The Company is in compliance with the requirements of SEBI circular dated November 26, 2018 applicable to Large Corporate Borrowers.
4. a Total Non-Convertible Debentures of the Company outstanding as on 31st March,2020 are
5. • 55,599 crore out of which, secured non-convertible debentures are ` 13,886 crore.

The asset cover in respect of the non-convertible debentures of the Company as on 31st March, 2020 exceeds hundred percent of the principal amount of the said listed secured non-convertible debentures.

Registered Office:	Corporate Communications	Telephone	: ([phone]
Maker Chambers IV	Maker Chambers IV	Telefax	: ([phone]
3rd Floor, 222, Nariman Point	9th Floor, Nariman Point	Internet	:	www.ril.com; [e-mail]
Mumbai 400 021, India	Mumbai 400 021, India	CIN	:	L17110MH1973PLC019786

Page 15 of 23

6.b Details of non-convertible debentures are as follows:

S.	Particulars	Whether	Rating	Previous Due Date	Next Due Date
No.		Secured /		(1st October 2019 till 31st	(1st April 2020 till 30th
		Unsecured		March 2020)	September 2020)
				Principal	Interest	Principal	Interest
	PPD180		CRISIL
1	Secured*	AAA/Stable,	-	-	6th May 2020	6th May 2020
Tranche 1
		IND AAA/Stable
2	PPD Series A	Unsecured		-	-	-	31st Aug 2020
3	PPD Series B	Unsecured		-	-	16th Sep 2020	1st Sep 2020 /
	16th Sep 2020
4	PPD Series C	Unsecured		-	-	04th Sep 2020	04th Sep 2020
			CRISIL
5	PPD Series G	Unsecured	-	17th Oct 2019	-	-
			AAA/Stable,
6	PPD Series D	Unsecured	-	08th Nov 2019	-	-
[ICRA] AAA
7	PPD Series H	Unsecured	(Stable),	-	11th Nov 2019	-	-
			CARE
8	PPD Series E	Unsecured	-	14th Nov 2019	-	-
AAA/Stable
9	PPD Series IB	Unsecured		-	11th Dec 2019	-	-
10	PPD Series IA	Unsecured		-	11th Dec 2019	-	-
11	PPD Series F	Unsecured		-	24th Dec 2019	-	-
12	PPD Series J	Unsecured		-	09th Mar 2020	-	-
13	PPD1	Unsecured	CRISIL -AAA	-	-	15th Sep 2020	15th Sep 2020
			/ Stable
14	PPD2	Unsecured	CARE	-	4th Oct 2019	-	-
			AAA/ Stable
15	PPD3	Unsecured		-	-	-	16th June 2020
			CRISIL AAA/
16	PPD5(Option 2)	Unsecured	-	21st Jan 2020	-	-
			Stable
		Secured**		30th Oct 2019		30th Apr 2020
17	PPD8	[ICRA]AAA	-	-
	30th Jan 2020	30th July 2020
			(Stable)
18	PPD11	Secured**		-	-	-	8th July 2020
19	PPD12	Secured**	CRISIL AAA/	-	-	-	09th Apr 2020
20	PPD13	Secured**	Stable	-	-	-	16th Apr 2020
			[ICRA]AAA
21	PPD14	Secured**	-	-	-	24th Apr 2020
(Stable)
22	PPD15	Secured**	-	-	-	15th June 2020
CARE AAA/
			Stable
23	PPD16	Secured**	-	-	-	20th July 2020

• Secured by way of first mortgage/charge on RIL's certain immovable properties.
• Secured by way of pari passu charge on RJIL's certain movable properties.

Interest and Principal have been paid on the due dates.

Registered Office:	Corporate Communications	Telephone	: ([phone]
Maker Chambers IV	Maker Chambers IV	Telefax	: ([phone]
3rd Floor, 222, Nariman Point	9th Floor, Nariman Point	Internet	:	www.ril.com; [e-mail]
Mumbai 400 021, India	Mumbai 400 021, India	CIN	:	L17110MH1973PLC019786

Page 16 of 23

7. Formulae for computation of ratios are as follows -

	Earnings before Interest, Tax and Exceptional Items
Debt Service Coverage Ratio	= Interest Expense + Principal Repayments made during
	the period for long term loans
Interest Service Coverage Ratio = Earnings before Interest, Tax and Exceptional Items
	Interest Expense
Debt / Equity Ratio	= Total Debt
	Equity

Total Debt represents Current Borrowings, Non-Current Borrowings and Current maturities of Non-Current Borrowings.

Equity represents Equity Share Capital and Other Equity.

8. The Audit Committee has reviewed the above results and the Board of Directors has approved the above results and its release at their respective meetings held on 30th April, 2020.

Registered Office:	Corporate Communications	Telephone	: ([phone]
Maker Chambers IV	Maker Chambers IV	Telefax	: ([phone]
3rd Floor, 222, Nariman Point	9th Floor, Nariman Point	Internet	:	www.ril.com; [e-mail]
Mumbai 400 021, India	Mumbai 400 021, India	CIN	:	L17110MH1973PLC019786

Page 17 of 23

AUDITED STANDALONE BALANCE SHEET

			( ` in crore)
Particulars	As at 31st March 2020	As at 31st March 2019
ASSETS
Non-Current Assets
Property, Plant and Equipment	297,847	194,895
Capital Work-in-Progress	15,638	105,155
Intangible Assets	8,624	8,293
Intangible Assets Under Development	12,327	6,402
Financial Assets
Investments	419,073	272,043
Loans		44,348	31,806
Other Non-Current Assets	4,458	4,287
Total Non-Current Assets	802,315	622,881
Current Assets
Inventories		38,802	44,144
Financial Assets
Investments	70,030	59,640
Trade Receivables	7,483	12,110
Cash and Cash Equivalents	8,443	3,768
Loans		15,028	4,876
Others Financial Assets	16,100	17,127
Other Current Assets	10,711	11,199
Total Current Assets	166,597	152,864
Total Assets	968,912	775,745
EQUITY AND LIABILITIES
Equity
Equity Share Capital	6,339	6,339
Other Equity	418,245	398,983
Total Equity	424,584	405,322
Liabilities
Non-Current Liabilities
Financial Liabilities
Borrowings	178,751	118,098
Other Financial Liabilities	2,924	-
Provisions		1,410	2,483
Deferred Tax Liabilities (Net)	50,556	47,317
Other Non-Current Liabilities	504	504
Total Non-Current Liabilities	234,145	168,402
Current Liabilities
Financial Liabilities
Borrowings	51,276	39,097
Trade Payables due to:
-	Micro and Small Enterprise	116	229
-	Other than Micro and Small Enterprise	70,932	88,012
Other Financial Liabilities	120,618	27,675
Other Current Liabilities	66,169	46,225
Provisions		1,072	783
Total Current Liabilities	310,183	202,021
Total Liabilities	544,328	370,423
Total Equity and Liabilities	968,912	775,745

Registered Office:	Corporate Communications	Telephone	: ([phone]
Maker Chambers IV	Maker Chambers IV	Telefax	: ([phone]
3rd Floor, 222, Nariman Point	9th Floor, Nariman Point	Internet	:	www.ril.com; [e-mail]
Mumbai 400 021, India	Mumbai 400 021, India	CIN	:	L17110MH1973PLC019786

Page 18 of 23

AUDITED STANDALONE CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH, 2020

			(` in crore)
Particulars	2019-20	2018-19
A.	CASH FLOW FROM OPERATING ACTIVITIES
	Net Profit Before Tax as per Statement of Profit and Loss (After exceptional item and tax thereon)	40,316	47,367
	Adjusted for:
	Loss on Buy back of Debentures	60	-
	(Profit) / Loss on Sale / Discard of Property, Plant and Equipment (Net)	192	(15)
	Depreciation / Amortisation and Depletion Expense	9,728	10,558
	Effect of Exchange Rate Change	(253)	(1,540)
	Net Gain on Financial Assets#	(1,717)	(2,252)
	Tax on Exceptional Items	(899)	-
	Dividend Income	(350)	(449)
	Interest Income#	(10,899)	(5,517)
	Finance Costs	12,105	9,751
	Operating Profit before Working Capital Changes	48,283	57,903
	Adjusted for:
	Trade and Other Receivables	5,050	(24,011)
	Inventories	5,342	(4,575)
	Trade and Other Payables	23,139	9,300
	Cash Generated from Operations	81,814	38,617
	Taxes Paid (Net)	(5,254)	(9,426)
	Net Cash Flow from Operating Activities	76,560	29,191
B.	CASH FLOW FROM INVESTING ACTIVITIES
	Purchase of Property, Plant and Equipment and Intangible Assets	(23,183)	(24,971)
	Consideration for Capex Liabilities transferred from RJIL through scheme*	31,849	-
	Proceeds from disposal of Property, Plant and Equipment and Intangible Assets	15	103
	Investment in Subsidiaries/Trusts	(212,106)	(28,827)
	Disposal of Investments in Subsidiaries	65,365	97
	Purchase of Other Investments	(986,656)	(1,001,730)
	Proceeds from Sale of Financial Assets (including advanced received)	1,002,471	1,017,713
	Net Cash Flow for Other Financial Assets	(24,620)	(19,150)
	Interest Income	3,863	2,368
	Dividend Income from Subsidiaries / Associates	303	3
	Dividend Income from Others	47	445
	Net Cash Flow used in Investing Activities	(142,652)	(53,949)
C.	CASH FLOW FROM FINANCING ACTIVITIES
	Proceeds from Issue of Equity Share Capital	18	117
	Share Application Money	1	2
	Payment of lease Liabilities	(97)	-
	Proceeds from Borrowing - Non-Current	20,323	23,989
	Consideration for Non- Current borrowings transferred from RJIL through scheme$	66,987	-
	Repayment of Borrowing - Non-Current	(9,238)	(6,594)
	Borrowing - Current (Net)	11,828	24,147
	Dividend Paid (including Dividend Distribution Tax)	(4,584)	(4,282)
	Interest Paid	(14,471)	(11,584)
	Net Cash Flow from Financing Activities	70,767	25,795
	Net Increase in Cash and Cash Equivalents	4,675	1,037
	Opening Balance of Cash and Cash Equivalents	3,768	2,731
	Closing Balance of Cash and Cash Equivalents	8,443	3,768

#Other than Financial Services Segment *Net of Repayment of ` 5,529 crore

$ Refer Note 3 of Standalone Financial Results above

Registered Office:	Corporate Communications	Telephone	: ([phone]
Maker Chambers IV	Maker Chambers IV	Telefax	: ([phone]
3rd Floor, 222, Nariman Point	9th Floor, Nariman Point	Internet	:	www.ril.com; [e-mail]
Mumbai 400 021, India	Mumbai 400 021, India	CIN	:	L17110MH1973PLC019786

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AUDITED STANDALONE SEGMENT INFORMATION FOR THE QUARTER/YEAR ENDED 31ST MARCH, 2020

														(` in crore)
Sr.									Quarter Ended			Year Ended
No.	Particulars
							31 Mar'20	31 Dec'19	31 Mar'19		31 Mar'20	31 Mar'19
1	Segment Value of Sales and Services (Revenue)
	-	Petrochemicals				31,403		35,906	41,395		140,896		168,075
	-	Refining					67,809		78,189	68,814		299,079		320,547
	-	Oil and Gas					160		542	520		1,639		2,613
	-	Financial Services				283		87	168		616		597
	-	Others					931		529	532		2,296		1,685
	Gross Value of Sales and Services		100,586		115,253	111,429		444,526		493,517
	Less: Inter Segment Transfers			20,288		21,425	20,613		79,324		91,934
	Value of Sales & Services				80,298		93,828	90,816		365,202		401,583
	Less: GST Recovered				3,299		3,589	4,076		14,322		16,082
	Revenue from Operations				76,999		90,239	86,740		350,880		385,501
2	Segment Results (EBITDA)
	-	Petrochemicals				6,002		7,075	9,065		30,416		36,789
	-	Refining					6,563		6,734	5,089		24,165		25,530
	-	Oil and Gas					43		201	278		738		1,215
	-	Financial Services				283		87	168		616		597
	-	Others					274		159	143		731		561
	Total Segment Profit before Interest, Tax,
	Exceptional	items	and	Depreciation,		13,165		14,256	14,743		56,666		64,692
	Amortisation and Depletion
3	Segment Results (EBIT)
	-	Petrochemicals				4,583		5,774	7,805		25,265		31,752
	-	Refining					5,686		5,892	4,302		21,156		22,362
	-	Oil and Gas					8		56	96		241		(216)
	-	Financial Services				283		87	168		616		597
	-	Others					49		3	19		122		107
	Total Segment Profit before Interest and Tax		10,609		11,812	12,390		47,400		54,602
	and Exceptional items
	(i)	Finance Cost				(4,161)		(2,520)	(2,791)		(12,105)		(9,751)
	(ii)	Interest Income*				2,906		2,536	1,391		10,562		5,517
	(iii) Other Un-allocable Income (Net of Expenditure)		(911)		(74)	341		(1,296)		(3,001)
	Profit Before Exceptional Items and Tax		8,443		11,754	11,331		44,561		47,367
	Exceptional Items				(4,245)		-	-		(4,245)		-
	Profit Before Tax				4,198		11,754	11,331		40,316		47,367
	(i)	Current Tax					(1,337)		(1,869)	(2,145)		(7,200)		(9,440)
	(ii) Deferred Tax					(281)		(300)	(630)		(2,213)		(2,764)
	Profit After Tax					2,580		9,585	8,556		30,903		35,163
4	Total EBITDA					15,289		16,825	16,587		66,394		67,676

Segment results (EBITDA and EBIT) of the financial services segment include interest income and interest expense relating to the segment.

*Interest Income relating to Petrochemicals Segment of ` 337 crore for quarter and year ended 31st March,2020 has been considered as part of Segment result.

Registered Office:	Corporate Communications	Telephone	: ([phone]
Maker Chambers IV	Maker Chambers IV	Telefax	: ([phone]
3rd Floor, 222, Nariman Point	9th Floor, Nariman Point	Internet	:	www.ril.com; [e-mail]
Mumbai 400 021, India	Mumbai 400 021, India	CIN	:	L17110MH1973PLC019786

Page 20 of 23

								(` in crore)
Sr.	Particulars		Quarter Ended			Year Ended
No.
			31 Mar'20	31 Dec'19	31 Mar'19		31 Mar'20	31 Mar'19
5	Segment Assets
	-	Petrochemicals	124,758	122,851	117,700		124,758	117,700
	-	Refining	222,775	213,130	213,926		222,775	213,926
	-	Oil and Gas	43,792	38,631	32,566		43,792	32,566
	-	Financial Services	7,924	6,561	6,671		7,924	6,671
	-	Others	41,634	41,725	85,076		41,634	85,076
	-	Unallocated	528,029	479,929	319,806		528,029	319,806
	Total Segment Assets	968,912	902,827	775,745		968,912	775,745
6	Segment Liabilities
	-	Petrochemicals	10,066	10,152	13,374		10,066	13,374
	-	Refining	32,028	38,946	40,530		32,028	40,530
	-	Oil and Gas	5,768	4,331	5,255		5,768	5,255
	-	Financial Services	-	-	-		-	-
	-	Others	491	473	795		491	795
	-	Unallocated	920,559	848,925	715,791		920,559	715,791
	Total Segment Liabilities	968,912	902,827	775,745		968,912	775,745

Registered Office:	Corporate Communications	Telephone	: ([phone]
Maker Chambers IV	Maker Chambers IV	Telefax	: ([phone]
3rd Floor, 222, Nariman Point	9th Floor, Nariman Point	Internet	:	www.ril.com; [e-mail]
Mumbai 400 021, India	Mumbai 400 021, India	CIN	:	L17110MH1973PLC019786

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Notes to Segment Information (Standalone) for the Quarter / Year Ended 31st March, 2020

1. As per Indian Accounting Standard 108 'Operating Segments', the Company has reported 'Segment Information', as described below:

1. 1. The Petrochemicals segment includes production and marketing operations of petrochemical products namely, High density Polyethylene, Low density Polyethylene, Linear Low density Polyethylene, Polypropylene, Polyvinyl Chloride, Polyester Yarn, Polyester Fibres, Purified Terephthalic Acid, Paraxylene, Ethylene Glycol, Olefins, Aromatics, Linear Alkyl Benzene, Butadiene, Acrylonitrile, Poly Butadiene Rubber, Styrene Butadiene Rubber, Caustic Soda, Polyethylene Terephthalate, High Purity Iso-Butylene and Composites.
   2. The Refining segment includes production and marketing operations of the petroleum products.
2. The Oil and Gas segment includes exploration, development, production of crude oil and natural gas.
3. The Financial Services segment comprises of management and deployment of identified resources of the Company to various activities including non-banking financial services, insurance broking etc.
4. All other business segments have been grouped under the Others segment.
5. Other investments / assets, long term resources raised by the Company, business trade financing liabilities managed by the centralized treasury function and related income and expense are considered under Unallocated.

Registered Office:	Corporate Communications	Telephone	: ([phone]
Maker Chambers IV	Maker Chambers IV	Telefax	: ([phone]
3rd Floor, 222, Nariman Point	9th Floor, Nariman Point	Internet	:	www.ril.com; [e-mail]
Mumbai 400 021, India	Mumbai 400 021, India	CIN	:	L17110MH1973PLC019786

Page 22 of 23