Reliance Industries : Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2020

July 30, 2020
BSE Limited	National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers	Exchange Plaza
Dalal Street	Plot No. C/1, G Block
Mumbai 400 001	Bandra-Kurla Complex
	Bandra (East)
	Mumbai 400 051
Scrip Code: 500325 / 890147	Trading Symbol: RELIANCE / RELIANCEPP
Dear Sirs,

Sub: Standalone and Consolidated Unaudited Financial Results for the quarter ended June 30, 2020

In continuation of our letter dated July 21, 2020 and pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose the Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2020, duly reviewed and recommended by the Audit Committee and approved by the Board of Directors of the Company, at its meeting held today.

The meeting of the Board of Directors commenced at 5:15 p.m. and concluded at 6:55 p.m.

Kindly acknowledge the receipt.

Thanking you,

Yours faithfully,

For Reliance Industries Limited

Savithri Parekh

Joint Company Secretary and

Compliance Officer

Encl.: as above
Copy to:	Singapore Stock Exchange
The Luxembourg Stock Exchange	2 Shenton Way, #19- 00 SGX Centre 1,
Societe de la Bourse de Luxembourg	Singapore 068804
35A boulevard Joseph II
B P 165, L-2011 Luxembourg

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

UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH JUNE, 2020

(` in crore, except per share data)

							Quarter Ended			Year Ended
Particulars						(Audited)
					30 June'20		31 Mar'20	30 June'19		31 Mar'20
Income
Value of Sales & Services (Revenue)		100,929		151,461	174,087		659,997
Less: GST Recovered		9,691		11,926	11,734		47,560
Revenue from Operations		91,238		139,535	162,353		612,437
Other Income		4,388		3,881	2,846		13,164
			Total Income		95,626		143,416	165,199		625,601
Expenses
Cost of Materials Consumed		35,286		57,683	70,939		260,621
Purchases of Stock-in-Trade		13,815		31,797	43,659		149,667
Changes in Inventories of Finished Goods, Work-in-Progress and Stock-in-Trade		(1,637)		99	(4,642)		(5,048)
Excise Duty		2,985		3,043	4,373		14,902
Employee Benefits Expense		3,168		3,713	3,335		14,075
Finance Costs		6,735		6,064	5,109		22,027
Depreciation / Amortisation and Depletion Expense		6,308		6,332	5,011		22,203
Other Expenses		20,746		21,166	23,074		89,211
			Total Expenses		87,406		129,897	150,858		567,658
Profit Before Share of Profit/(Loss) of Associates and Joint Ventures,		8,220		13,519	14,341		57,943
Exceptional Item and Tax
Share of Profit/(Loss) of Associates and Joint Ventures		322		(29)	25		107
Profit Before Exceptional Item and Tax		8,542		13,490	14,366		58,050
Exceptional Gain/(Loss) (Refer Note 3)		4,966		(4,267)	-		(4,444)
Profit Before Tax^		13,508		9,223	14,366		53,606
Tax Expenses^
Current Tax		923		1,376	3,193		8,630
Deferred Tax		(663)		1,301	1,032		5,096
Profit for the Period		13,248		6,546	10,141		39,880
Other Comprehensive Income (OCI)
i		Items that will not be reclassified to Profit or Loss		19,495		23,280	(508)		22,286
ii		Income tax relating to items that will not be reclassified to Profit or Loss		(2,104)		(240)	103		(1,088)
iii		Items that will be reclassified to Profit or Loss		635		(5,688)	339		(7,085)
iv		Income tax relating to items that will be reclassified to Profit or Loss		(356)		964	(15)		1,180
Total Other Comprehensive Income/(Loss) (Net of Tax)		17,670		18,316	(81)		15,293
Total Comprehensive Income for the Period		30,918		24,862	10,060		55,173
Net Profit attributable to :
a)		Owners of the Company		13,233		6,348	10,104		39,354
b)		Non-Controlling Interest		15		198	37		526
Other Comprehensive Income attributable to :
a)		Owners of the Company		17,667		18,326	(76)		15,311
b)		Non-Controlling Interest		3		(10)	(5)		(18)
Total Comprehensive Income attributable to :
a)		Owners of the Company		30,900		24,674	10,028		54,665
b)		Non-Controlling Interest		18		188	32		508
Earnings per equity share (Face Value of ` 10/-) (Not Annualised for the quarter)*
(a.1)			Basic (in `) - After Exceptional Item		20.69		9.95	16.94		63.07
(a.2)			Basic (in `) - Before Exceptional Item		12.92		16.63	16.94		70.19
(b.1)		Diluted (in `) - After Exceptional Item		20.63		9.95	16.93		63.06
(b.2)		Diluted (in `) - Before Exceptional Item		12.89		16.63	16.93		70.18
Paid up Equity Share Capital, Equity Shares of ` 10/- each *		6,445		6,339	5,926		6,339
Other Equity excluding Revaluation Reserve							446,992

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

* Refer Note 4.

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 12

Notes

1. The figures for the corresponding previous period have been regrouped/reclassified wherever necessary, to make them comparable.
2. The outbreak of corona virus (COVID-19) pandemic globally and in India is causing significant disturbance and slowdown of economic activity. The Group's operations and revenue during the current quarter were impacted due to COVID-19. The Group has taken into account the possible impact of COVID-19 in preparation of the unaudited consolidated financial results, including its assessment of recoverable value of its assets based on internal and external information upto the date of approval of these unaudited consolidated financial results and current indicators of future economic conditions.
3. Following initial agreements with BP Global Investments Limited ("BP") in December 2019, the
   Company transferred its Petro Retail Marketing business to Reliance BP Mobility Limited ("RBML"). BP has acquired 49% equity stake in RBML by way of (i) subscribing to 7.42% equity shares of RBML and (ii) balance by purchase of 41.58% of equity shares in RBML from the Company for an aggregate consideration of ` 7,629 crore based on the enterprise value of US$ 2.04 billion for RBML.
   During the quarter, upon receipt of requisite regulatory approval, the Company recognised a gain of ` 4,966 crore (net of taxes of ` 1,508 crore), as an Exceptional Item.
4. The Company had, issued 42,26,26,894 equity shares of face value of ₹ 10/- each ('Rights Equity Shares') to the Eligible Equity Shareholders at an issue price of ₹ 1,257 per Rights Equity Share (including premium of ₹1,247 per Rights Equity Share). The Rights Equity Shares were issued as partly paid-up and an amount of ₹ 314.25 per Rights Equity Share was payable on application (of which ₹ 2.50 towards face value of Rights Equity Share and ₹ 311.75 towards premium amount of Rights Equity Share).
   There is no deviation in use of proceeds from the objects stated in the Offer document for rights issue.
   Pursuant to IND AS 33, basic and diluted earnings per share for the previous periods have been restated for the bonus element in respect of right issue made during the quarter ended 30th June 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 2 of 12

1. On completion of the ongoing O2C expansions including J3 Projects, the management based on internal and external technical evaluation, reassessed the estimates relating to the life of Plant & Machinery. Basis the technical evaluation, the Company has revised the useful life of the assets to 50 years from the respective dates of commissioning, with effect from April 01, 2020.
2. Deferred tax credit in Q1 FY21 is primarily due to planned restructuring of O2C business in the current year. This is partially offset by increase in deferred tax expense in Digital Services business.
3. Total Non-Convertible Debentures of the Company outstanding as on June 30, 2020 are ` 79,414 crore out of which, secured non-convertible debentures are ` 13,351 crore.

The listed Secured Non-Convertible Debentures of the Company aggregating ` 13,351 crore as on 30th June 2020 are secured by way of first charge on the Company's certain properties. The asset cover in respect of the Non-Convertible Debentures of the Company as on 30th June 2020 exceeds hundred percent of the principal amount of the said listed Non-Convertible Debentures.

During the quarter, the Company issued listed Unsecured Non-Convertible Redeemable Debentures amounting to ` 24,955 crore in four tranches (Series K, L, M and N) on private placement basis and redeemed listed Secured Non-Convertible Redeemable Debentures amounting to ` 500 crore (Series PPD -180 Tranche 1).

1. Commercial Papers due for redemption during Q1 FY21, were duly repaid.
2. 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 July, 2020. The Statutory Auditors of the Company have carried out a Limited Review of the aforesaid results.

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 12

UNAUDITED CONSOLIDATED SEGMENT INFORMATION FOR THE QUARTER ENDED 30TH JUNE, 2020

(` in crore)

Sr. No

1

2

3

4

						Quarter Ended			Year Ended
Particulars							(Audited)
				30 June'20		31 Mar'20	30 June'19		31 Mar'20
Segment Value of Sales and Services (Revenue)
-	Petrochemicals			25,192		32,206	37,611		145,264
-	Refining			46,642		84,854	101,721		387,522
-	Oil and Gas			506		625	923		3,211
-	Retail			31,633		38,242	38,216		163,029
-	Digital Services			21,302		19,153	15,886		69,605
-	Financial Services			690		783	513		2,194
-	Others			8,153		16,614	10,724		41,689
Gross Value of Sales and Services			134,118		192,477	205,594		812,514
Less: Inter Segment Transfers			33,189		41,016	31,507		152,517
Value of Sales & Services			100,929		151,461	174,087		659,997
Less: GST Recovered			9,691		11,926	11,734		47,560
Revenue from Operations			91,238		139,535	162,353		612,437
Segment Results (EBITDA)
-	Petrochemicals			4,430		5,938	8,810		30,933
-	Refining			3,818		6,614	5,143		24,461
-	Oil and Gas			(32)		(46)	207		353
-	Retail			1,083		2,569	2,060		9,695
-	Digital Services			7,803		6,833	5,027		23,348
-	Financial Services^			380		352	122		811
-	Others			1,409		1,634	859		4,408
Total Segment Profit before Interest, Tax, Exceptional		18,891		23,894	22,228		94,009
item and Depreciation, Amortisation and Depletion
Segment Results (EBIT)
-	Petrochemicals			3,392		4,553	7,508		25,547
-	Refining			2,892		5,706	4,499		21,334
-	Oil and Gas			(511)		(485)	(249)		(1,407)
-	Retail			722		2,072	1,786		8,292
-	Digital Services			4,708		4,251	3,121		14,634
-	Financial Services^			380		352	122		811
-	Others			1,095		1,260	532		3,117
Total Segment Profit before Interest and Tax	and		12,678		17,709	17,319		72,328
Exceptional item
(i)	Finance Cost*			(6,735)		(6,022)	(5,108)		(21,880)
(ii)	Interest Income			2,792		2,267	2,474		9,642
(iii)	Other Un-allocable Income (Net of Expenditure)			(193)		(464)	(319)		(2,040)
Profit Before Exceptional Item and Tax			8,542		13,490	14,366		58,050
Exceptional Item			4,966		(4,267)	-		(4,444)
Profit Before Tax#			13,508		9,223	14,366		53,606
(i)	Current Tax			(923)		(1,376)	(3,193)		(8,630)
(ii) Deferred Tax			663		(1,301)	(1,032)		(5,096)
Profit After Tax (including share of Profit/(Loss) of		13,248		6,546	10,141		39,880
Associates & Joint Ventures)
Total EBITDA					25,886	24,486
		21,585			102,280

^ 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 Nil for the quarter ended 30th June 2020, ` 42 crore for the quarter ended 31st March 2020;
• • 1 crore for the quarter ended 30th June 2019, `147 crore for the year ended 31st March 2020 has been considered as part of Segment result.

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

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 12

							(` in crore)
Sr.				Quarter Ended			Year Ended
No	Particulars				(Audited)
			30 June'20	31 Mar'20	30 June'19		31 Mar'20
5	Segment Assets
	-	Petrochemicals	129,217	130,741	126,537		130,741
	-	Refining	219,107	229,070	221,826		229,070
	-	Oil and Gas	45,441	42,693	36,632		42,693
	-	Retail	40,280	38,902	34,836		38,902
	-	Digital Services	293,035	280,971	252,263		280,971
	-	Financial Services	83,827	68,368	13,150		68,368
	-	Others	99,184	89,099	86,634		89,099
	-	Unallocated	296,716	286,071	255,241		286,071
	Total Segment Assets	1,206,807	1,165,915	1,027,119		1,165,915
6	Segment Liabilities
	-	Petrochemicals	11,388	12,129	18,127		12,129
	-	Refining	32,470	38,265	48,543		38,265
	-	Oil and Gas	45,720	42,626	41,168		42,626
	-	Retail	18,901	19,286	24,332		19,286
	-	Digital Services	83,071	76,075	171,033		76,075
	-	Financial Services	73	78	10		78
	-	Others	22,604	24,932	18,353		24,932
	-	Unallocated	992,580	952,524	705,553		952,524
	Total Segment Liabilities	1,206,807	1,165,915	1,027,119		1,165,915

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 12

Notes to Segment Information (Consolidated) for the Quarter Ended 30th June, 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 Retail segment includes consumer retail and range of related services.
5. The Digital Services segment includes provision of a range of digital services.
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.
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 6 of 12

UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH JUNE, 2020

(` in crore, except per share data)

						Quarter Ended			Year Ended
Particulars						(Audited)
				30 Jun'20		31 Mar'20	30 Jun'19		31 Mar'20
Income
Value of Sales & Services (Revenue)		52,263		80,526	96,867		366,177
Less: GST Recovered		1,817		3,299	3,748		14,322
Revenue from Operations		50,446		77,227	93,119		351,855
Other Income		4,211		3,718	2,862		13,566
		Total Income		54,657		80,945	95,981		365,421
Expenses
Cost of Materials Consumed		29,128		50,447	65,009		237,342
Purchases of Stock-in-Trade		1,367		2,158	1,631		7,292
Changes in Inventories of Finished Goods, Work-in-Progress and Stock-		195		(1,247)	(1,545)		77
in-Trade
Excise Duty		2,985		3,043	4,373		14,902
Employee Benefits Expense		1,187		1,506	1,338		6,067
Finance Costs		4,780		4,161	2,701		12,105
Depreciation / Amortisation and Depletion Expense		2,174		2,685	2,175		9,728
Other Expenses		8,456		9,749	8,190		33,347
		Total Expenses		50,272		72,502	83,872		320,860
Profit Before Exceptional Item and Tax		4,385		8,443	12,109		44,561
Exceptional Gain/(Loss) (Refer Note 3)		4,420		(4,245)	-		(4,245)
Profit Before Tax$		8,805		4,198	12,109		40,316
Tax Expenses$
Current Tax		629		1,337	2,442		7,200
Deferred Tax		(1,577)		281	631		2,213
Profit for the Period		9,753		2,580	9,036		30,903
Other Comprehensive Income (OCI)
i		Items that will not be reclassified to Profit or Loss		183		(119)	(227)		(392)
ii		Income tax relating to items that will not be reclassified to Profit		(39)		36	49		(944)
	or Loss
iii		Items that will be reclassified to Profit or Loss		1,767		(5,672)	63		(6,921)
iv		Income tax relating to items that will be reclassified to Profit or		(353)		964	(14)		1,183
	Loss
Total Other Comprehensive Income/(Loss) (Net of Tax)		1,558		(4,791)	(129)		(7,074)
Total Comprehensive Income for the Period		11,311		(2,211)	8,907		23,829
Earnings per equity share (Face Value of ` 10/-) (Not Annualised for the
quarter)*
(a.1)		Basic (in `) - After Exceptional Item		15.25		4.04	14.16		48.42
(a.2)		Basic (in `) - Before Exceptional Item		8.34		10.69	14.16		55.07
(b.1)		Diluted (in `) - After Exceptional Item		15.21		4.04	14.16		48.42
(b.2)		Diluted (in `) - Before Exceptional Item		8.32		10.69	14.16		55.07
Paid up Equity Share Capital, Equity Shares of ` 10/- each *.		6,445		6,339	6,339		6,339
Other Equity excluding Revaluation Reserve							418,245

$ Profit before tax is after exceptional item and tax thereon and Tax expenses are excluding the current tax on exceptional item. * Refer Note 4.

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 12

Notes

1. The figures for the corresponding previous period have been regrouped / reclassified wherever necessary, to make them comparable.
2. The outbreak of corona virus (COVID-19) pandemic globally and in India is causing significant disturbance and slowdown of economic activity. The Company's operations and revenue during the current quarter were impacted due to COVID-19. The Company has taken into account the possible impact of COVID-19 in preparation of the unaudited standalone financial results, including its assessment of recoverable value of its assets based on internal and external information upto the date of approval of these unaudited standalone financial results and current indicators of future economic conditions.
3. Following initial agreements with BP Global Investments Limited ("BP") in December 2019, the
   Company transferred its Petro Retail Marketing business to Reliance BP Mobility Limited ("RBML"). BP has acquired 49% equity stake in RBML by way of (i) subscribing to 7.42% equity shares of RBML and (ii) balance by purchase of 41.58% of equity shares in RBML from the Company for an aggregate consideration of ` 7,629 crore based on the enterprise value of US$ 2.04 billion for RBML.
   During the quarter, upon receipt of requisite regulatory approval, the Company recognised a gain of ` 4,420 crore (net of taxes of ` 1,508 crore), as an Exceptional Item.
4. The Company had, issued 42,26,26,894 equity shares of face value of ₹ 10/- each ('Rights Equity Shares') to the Eligible Equity Shareholders at an issue price of ₹ 1,257 per Rights Equity Share (including premium of ₹ 1,247 per Rights Equity Share). The Rights Equity Shares were issued as partly paid-up and an amount of ₹ 314.25 per Rights Equity Share was payable on application (of which ₹ 2.50 towards face value of Rights Equity Share and ₹ 311.75 towards premium amount of Rights Equity Share).
   There is no deviation in use of proceeds from the objects stated in the Offer document for rights issue.
   Pursuant to IND AS 33, basic and diluted earnings per share for the previous periods have been restated for the bonus element in respect of right issue made during the quarter ended 30th June 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 8 of 12

1. On completion of the ongoing O2C expansions including J3 Projects, the management based on internal and external technical evaluation, reassessed the estimates relating to the life of Plant & Machinery. Basis the technical evaluation, the Company has revised the useful life of the assets to 50 years from the respective dates of commissioning, with effect from April 01, 2020.
2. Deferred tax credit in Q1 FY21 is primarily due to planned restructuring of O2C business in the current year.
3. Total Non-Convertible Debentures of the Company outstanding as on June 30, 2020 are ` 79,414 crore out of which, secured non-convertible debentures are ` 13,351 crore.

The listed Secured Non-Convertible Debentures of the Company aggregating ` 13,351 crore as on 30th June 2020 are secured by way of first charge on the Company's certain properties. The asset cover in respect of the Non-Convertible Debentures of the Company as on 30th June 2020 exceeds hundred percent of the principal amount of the said listed Non-Convertible Debentures.

During the quarter, the Company issued listed Unsecured Non-Convertible Redeemable Debentures amounting to ` 24,955 crore in four tranches (Series K, L, M and N) on private placement basis and redeemed listed Secured Non-Convertible Redeemable Debentures amounting to ` 500 crore (Series PPD -180 Tranche 1).

1. Commercial Papers due for redemption during Q1 FY21, were duly repaid.
2. The 'Retail' and 'Digital Services' have been distinct business segments of the company for the past few years and have been disclosed as segments in the consolidated segment results of the company. In accordance with decision taken by the Executive Committee (Chief Operating Decision Maker - CODM) of the Company, with effect from this quarter, the Company has disclosed 'Retail' and 'Digital Services' as a separate business segment in standalone results as well. The Company has restated segment information of all comparative previous periods in consonance with Ind AS 108 - Operating Segments", including related disclosures.
3. 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 July, 2020. The Statutory Auditors of the Company have carried out a Limited Review of the aforesaid results.

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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UNAUDITED STANDALONE SEGMENT INFORMATION FOR THE QUARTER ENDED 30TH JUNE, 2020

										(` in crore)
Sr.							Quarter Ended			Year Ended
Particulars							(Audited)
No.
					30 Jun'20	31 Mar'20	30 Jun'19		31 Mar'20
1	Segment Value of Sales and Services (Revenue)
	-	Petrochemicals			24,189		31,403	36,179		140,896
	-	Refining			39,842		67,809	76,587		299,079
	-	Oil and Gas			80		160	490		1,639
	-	Retail			13		31	20		93
	-	Digital Services			259		403	145		1,025
	-	Financial Services			447		511	483		1,590
	-	Others			252		507	314		1,641
	Gross Value of Sales and Services			65,082		100,824	114,218		445,963
	Less: Inter Segment Transfers			12,819		20,298	17,351		79,786
	Value of Sales & Services			52,263		80,526	96,867		366,177
	Less: GST Recovered			1,817		3,299	3,748		14,322
	Revenue from Operations			50,446		77,227	93,119		351,855
2	Segment Results (EBITDA)
	-	Petrochemicals			4,325		6,002	8,570		30,416
	-	Refining			3,616		6,563	5,065		24,165
	-	Oil and Gas			(6)		43	268		738
	-	Retail			9		13	11		41
	-	Digital Services			216		201	119		651
	-	Financial Services^			447		511	483		1,590
	-	Others			139		216	135		646
	Total Segment Profit before Interest, Tax, Exceptional		8,746		13,549	14,651		58,247
	Item and Depreciation, Amortisation and Depletion
3	Segment Results (EBIT)
	-	Petrochemicals			3,326		4,583	7,392		25,265
	-	Refining			2,724		5,686	4,421		21,156
	-	Oil and Gas			(37)		8	117		241
	-	Retail			6		10	8		29
	-	Digital Services			54		46	41		171
	-	Financial Services^			447		511	483		1,590
	-	Others			131		146	99		519
	Total Segment Profit before Interest and Tax	and		6,651		10,990	12,561		48,971
	Exceptional Item
	(i)	Finance Cost			(4,780)		(4,161)	(2,701)		(12,105)
	(ii)	Interest Income			3,026		2,678	2,341		9,588
	(iii) Other Un-allocable Income (Net of Expenditure)			(512)		(1,064)	(92)		(1,893)
	Profit Before Exceptional Item and Tax			4,385		8,443	12,109		44,561
	Exceptional Gain/(Loss)			4,420		(4,245)	-		(4,245)
	Profit Before Tax#			8,805		4,198	12,109		40,316
	(i)	Current Tax			(629)		(1,337)	(2,442)		(7,200)
	(ii) Deferred Tax			1,577		(281)	(631)		(2,213)
	Profit After Tax			9,753		2,580	9,036		30,903
4	Total EBITDA			11,339		15,289	16,985		66,394

• Segment results (EBITDA and EBIT) of the financial services segment include interest income and interest expense relating to the segment.
  # Profit before tax is after exceptional item and tax thereon and Tax expenses are excluding the current tax on exceptional item.

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 12

							(` in crore)
Sr.	Particulars		Quarter Ended			Year Ended
No.				(Audited)
			30 Jun'20	31 Mar'20	30 Jun'19		31 Mar'20
5	Segment Assets
	-	Petrochemicals	122,958	124,634	117,456		124,634
	-	Refining	212,845	222,775	214,583		222,775
	-	Oil and Gas	46,128	43,792	34,740		43,792
	-	Retail	9,802	8,054	8,002		8,054
	-	Digital Services	203,874	211,443	84,828		211,443
	-	Financial Services	28,351	30,523	62,332		30,523
	-	Others	10,846	11,012	10,345		11,012
	-	Unallocated	340,564	316,679	239,696		316,679
	Total Segment Assets	975,368	968,912	771,982		968,912
6	Segment Liabilities
	-	Petrochemicals	10,048	10,066	12,987		10,066
	-	Refining	26,463	32,028	41,159		32,028
	-	Oil and Gas	5,916	5,768	5,391		5,768
	-	Retail	10	11	6		11
	-	Digital Services	169	238	379		238
	-	Financial Services	-	-	-		-
	-	Others	225	242	193		242
	-	Unallocated	932,537	920,559	711,867		920,559
	Total Segment Liabilities	975,368	968,912	771,982		968,912

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 12

Notes to Segment Information (Standalone) for the Quarter Ended 30th June, 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 Retail segment includes consumer retail & its range of related services and investment in retail business.
4. The Digital Services segment includes provision of a range of digital services and investment in digital business.
5. 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.
6. All other business segments have been grouped under the others segment.
7. 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.

For Reliance Industries Limited

Mukesh D Ambani

Chairman & Managing Director

July 30, 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

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