Reliance Industries Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2021
October 22, 2021 at 10:49 am EDT
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Reliance Industries Limited reported earnings results for the second quarter and six months ended September 30, 2021. For the second quarter, the company reported sales was INR 1,850,390 million compared to INR 1,234,260 million a year ago. Revenue was INR 1,783,280 million compared to INR 1,204,440 million a year ago. Net income was INR 136,800 million compared to INR 95,670 million a year ago. Basic earnings per share from continuing operations was INR 20.88 compared to INR 14.84 a year ago. Diluted earnings per share from continuing operations was INR 20.6 compared to INR 14.68 a year ago. Basic earnings per share was INR 20.88 compared to INR 14.84 a year ago. Diluted earnings per share was INR 20.6 compared to INR 14.68 a year ago.
For the six months, sales was INR 3,394,780 million compared to INR 2,213,700 million a year ago. Revenue was INR 3,269,190 million compared to INR 2,160,700 million a year ago. Net income was INR 259,530 million compared to INR 228,000 million a year ago. Basic earnings per share from continuing operations was INR 39.86 compared to INR 27.7 a year ago. Diluted earnings per share from continuing operations was INR 39.21 compared to INR 27.39 a year ago. Basic earnings per share was INR 39.86 compared to INR 35.42 a year ago. Diluted earnings per share was INR 39.21 compared to INR 35.02 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 
