Reliance Retail (RRL) Annual Report | Revenue

Reliance Retail Limited (RRL) Return Comparision with Primex 40 Index

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Reliance Retail Limited

Reliance Retail Limited Balance Sheet (In Rs. Crore)

Particulars	As at 31 March 2023	As at 31 March 2022
Assets:
Non-Current Assets
Property, Plant, and Equipment	39,311.81	14,104.86
Other Intangible Assets	14,277.52	2,775.99
Capital Work-in-Progress	24,442.22	11,888.04
Goodwill	2.90	90.03
Intangible Assets Under Development	1,322.94	11,839.66
Financial Assets
Investments	1.09	482.58
Other Financial Assets	-	1.48
Other Non-Current Assets	4,664.60	6,547.68
Total Non-Current Assets	84,023.08	47,730.32
Current Assets
Inventories	24,969.10	20,072.07
Financial Assets
Investments	262.05	481.89
Trade Receivables	5,520.17	8,833.93
Cash and Cash Equivalents	401.38	466.42
Other Financial Assets	3,195.61	2,693.30
Other Current Assets	10,088.45	8,452.92
Total Current Assets	44,436.76	41,000.53
Total Assets	1,28,459.84	88,730.85
Equity and Liabilities:
Equity
Equity Share Capital	4,990.42	4,990.42
Financial Assets	32,232.41	25,421.62
Total Equity	37,222.83	30,412.04
Liabilities
Non-Current Liabilities
Borrowings	44,569.04	12,135.91
Lease Liabilities	-	8.55
Provisions	86.85	68.49
Deferred Tax Liabilities (Net)	2,381.34	1,458.82
Total Non-Current Liabilities	47,037.23	13,671.77
Current Liabilities
Borrowings	26,368.68	28,735.44
Lease Liabilities	-	1.50
Trade Payables	15,488.76	12,990.01
Other Financial Liabilities	971.90	1,417.44
Other Current Liabilities	1,362.73	1,497.57
Provisions	7.71	5.08
Total Current Liabilities	44,199.78	44,647.04
Total Liabilities	91,237.01	58,318.81
Total Equity and Liabilities	1,28,459.84	88,730.85

Reliance Retail Limited Profit & Loss Statement (In Rs. Crore)

PARTICULARS	2023	2022
I. Revenue from Operations	2,23,826.28	1,70,133.32
II. Other Income	59.96	21.78
III. Total Income (I+II)	2,23,886.24	1,70,155.10
IV Expenses
Cost of Materials Consumed	0.01	0.04
Purchases of Stock-in-Trade	1,97,728.78	1,55,092.28
Changes in Inventories of Finished Goods and Stock-in-Trade	-4,577.33	-7,607.12
Employee Benefits Expense	2,083.94	1,522.51
Finance Costs	3,925.72	1,985.88
Depreciation and Amortisation Expenses	2,992.16	1,794.24
Other Expenses	12,398.60	10,791.69
Total Expenses (IV)	2,14,551.88	1,63,579.52
V. Profit before Exceptional items and tax	9,334.36	6,575.58
VI. Exceptional Items	13.42	9.48
VII. Profit before Tax (V+VI)	9,347.78	6,585.06
VIII. Tax Expense
1) Current Tax	1,410.24	1,118.29
2) Deferred Tax	928.72	529.14
IX. Profit for the Year (VII-VIII)	7,008.82	4,937.63
Other Comprehensive Income (OCI)
(i) Items that will not be reclassified to Statement of Profit or Loss	-71.10	-2.90
(ii) Income tax relating to items that will not be reclassified to Statement of Profit and loss	-2.71	0.73
(iii) Items that will be reclassified to Statement of Profit or Loss	-21.66	16.69
(iv) Income tax relating to items that will be reclassified to Statement of Profit and loss	1.39	4.20
Total Other Comprehensive Income / (loss) for the Year [Net of Tax]	-94.08	10.32
Total Comprehensive Income for the Year	6,914.74	4,947.95
Net Profit Attributable to:
(a) Owners of the Company	7,008.82	4,937.63
(b) Non Controlling Interest
Other Comprehensive Income attributable to:
(a) Owners of the Company	-94.08	10.32
(b) Non Controlling Interest
Total Comprehensive Income attributable to:
(a) Owners of the Company	6,914.74	4,947.95
(b) Non Controlling Interest - -
XII. Earnings per Equity share (Face Value Per Share)
a) Basic (Rs.)	13.17	9.28
b) Diluted (Rs.)	7.52	5.30

RELIANCE RETAIL Limited’s Cash Flow Statement (In Rs. Crores)

Particulars	31st March 2023	31 March 2022
A. Cash Flow from Operating Activities
Net Profit before Tax	9,347.78	6,585.06
Adjusted for:
Loss on sale/ discarding of Property, Plant and Equipment (net)	-7.76	8.45
Depreciation and Amortisation Expense	2,992.16	1,794.24
Effect of Exchange Rate Change	6.11	2.93
Net Gain on Financial Assets	16.51	-5.94
Share of (Profit)/Loss of Joint Venture	-13.42	-9.48
Interest Income	-20.48	-6.81
Finance Costs	3,925.72	1,985.87
Subtotal	6,898.84	3,769.26
Operating Profit before Working Capital Changes	16,246.62	10,354.32
Adjusted for:	-	-
Trade and Other Receivables	-1,610.19	-6,297.16
Inventories	-4,897.03	-7,717.28
Trade and Other Payables	2,067.17	6,497.16
Subtotal	-4,440.05	-7,517.28
Cash Generated from Operations	11,806.57	2,837.04
Taxes Paid (Net)	-2,031.25	-1,162.61
Net Cash generated from Operating Activities	9,775.32	1,674.43
Cash Flow From Investing Activities (B):
Purchase of Property, Plant and Equipment and Other Intangible Assets	-36,320.92	-20,354.30
Proceeds from disposal of Property,Plant & Equipment and Intangible Assets	34.72	7.46
Purchase of Financial Assets	-107.45	-389.08
Proceeds from Sale of Financial Assets	597.31	250.00
Movement in Loans & Advances and other assets (Net)	399.62	-5,223.46
Interest Income	14.66	4.92
Net Cash Flow used in Investing Activities	-35,382.06	-25,704.46
Cash Flow From Financing Activities (C):
Proceeds from Borrowings - Non Current	32,433.13	12,041.04
Borrowings Current (Net)	-2,366.76	13,989.56
Payment of Lease Liabilities	-	-1.33
Interest Paid	-4,521.40	-1,892.37
Net Cash generated from Financing Activities	25,544.97	24,136.90
Net (Decrease)/ Increase in Cash and Cash Equivalents	-61.77	106.87
Opening Balance of Cash and Cash Equivalents	466.42	359.55
Less: Upon de-subsidisation of Subsidaries	-3.27
Closing Balance of Cash and Cash Equivalents	401.38	466.42

Reliance Retail Key Financial Ratios (Standalone)

Particulars	31-Mar-23	31-Mar-22
Current Ratio (in times)	1.01	0.91
Debt-Equity Ratio (in times)	1.91	1.35
Debt Service Coverage Ratio (in times)	3.35	4.33
Return on Equity Ratio (in %)	20.85%	17.75%
Inventory Turnover Ratio (in times)	8.74	9.19
Trade Receivables Turnover Ratio (in times)	35.18	26.1
Trade Payable Turnover Ratio (in times)	14.76	16.07
Net Capital Turnover Ratio (in times)	9.47	7.81
Net Profit Ratio (in %)	2.80%	2.55%
Return on Capital Employed Ratio (in %)	17.87%	19.28%

Reliance Retail Share Dividend History

Particulars	2023	2022	2021
Dividend per Share	0	0	0
Retained Earnings (In Rs. Crores)	279.90	210.85	161.5

Reliance Retail Limited 's Recent Financial Performance

Revenue Growth: The company 's revenue increased from ₹1,70,133.32 in FY 2021-22 to ₹2,23,826.28 in FY 2022-23, indicating a revenue increase of approximately 31%. This suggests an increase in sales or service income.

Expenses: While the company 's total expenses increased from ₹1,63,579.52 in FY 2021-22 to ₹2,14,551.88 in FY 2022-23, it 's essential to note that the increase in revenue outpaced the increase in expenses. Hence, the company appears to have made a profit in both years, with an increase in profit from FY 2021-22 to FY 2022-23.

Earnings per Share (EPS): EPS measures the earnings attributable to each equity share. It increased from ₹9.28 in FY 2021-22 to ₹13.17 in FY 2022-23.

Liquidity: The current ratio increased from 0.91 in FY 2021-22 to 1.01 in FY 2022-23, indicating an improvement in liquidity. A current ratio above 1 suggests that the company may be better positioned to cover its short-term liabilities with its current assets.

Leverage: The debt-equity ratio increased from 1.354 in FY 2021-22 to 1.91 in FY 2022-23, suggesting an increased reliance on debt for financing.