據油價網7月21日報道，印度最大能源公司信實工業在石化和煉油業務表現不佳后，錄得低于預期的2023年第二季度利潤。這家由亞洲首富穆克什·安巴尼擁有的石油到零售業務集團的凈收入同比下降11%，至1601億盧比（19.5億美元），遠低于彭博調查分析師平均估計的1830.2億盧比利潤。營收下降5.8%至2.1萬億盧比，與華爾街估計相符，而營業成本下降4%至1.9萬億盧比。

三年前，信實工業曾短暫超過美國同行埃克森美孚公司，成為全球最有價值的獨立能源公司。信實工業的能源業務占公司收入的約80%。然而，投資者選擇關注董事長穆克什·安巴尼計劃發展的數字化和零售業務。信實工業在電信、零售和數字服務等非能源業務上的大膽投資已幫助其大幅擴大收入基礎。

安巴尼的交易技巧成功吸引了一些科技巨頭的投資，包括臉書Facebook Inc.和阿爾法Alphabet Inc.。Google同意以3373.7億盧比（45億美元）的價格購買數字服務商Jio Platforms的7.7%股份，后者是信實工業的數字服務子公司。谷歌還宣布了“谷歌印度數字化基金”，計劃投資7500億盧比（約100億美元）加速印度的數字化轉型。該公司表示，其對Jio的45億美元投資將是基金中最大的一筆。

信實工業宣布Jio已經開發了一種印度制造的5G解決方案，并與谷歌合作開發入門級4G甚至5G智能手機。根據信實公布，印度有3.5億人目前使用2G功能手機，他們愿意升級到價格實惠的智能手機。一旦Jio的5G解決方案在印度證明其規模效應，該公司計劃開始將其出口到全球其他電信運營商。

目前，信實工業的股價相對平穩，全年累計回報率為17.17萬億盧比（2093億美元），而埃克森的回報率為-2.2%，但這家美國公司市值達到4108億美元。

胡耀東 譯自 油價網

原文如下：

India’s Reliance Posts Weak Profits On Underperforming Refining Segment

India’s largest energy company, Reliance Industries (NSE: RELIANCE), has posted lower-than-expected Q2 2023 profits after its petrochemicals and refining businesses underperformed. The oil-to-retail conglomerate owned by Asia’s richest man Mukesh Ambani saw net income fall 11% Y/Y to 160.1 billion rupees ($1.95 billion), well below the average 183.02 billion rupee profit estimated by a Bloomberg survey of analysts. Revenue was down 5.8% to 2.1 trillion rupees, in-line with Wall Street estimates, while costs dipped 4% to 1.9 trillion rupees.

Three years ago, Reliance Industries briefly overtook its American peer, ExxonMobil Corp. (NYSE:XOM), to become the world’s most valuable independent energy company. RIL’s energy business accounts for ~80% of the company’s revenue. However, investors have chosen to focus on Chairman Mukesh Ambani’s plan to grow the company’s digital and retail arms. Reliance’s big bet in non-energy businesses such as telecom, retail, and digital services has helped it to vastly expand its revenue base.

Ambani’s dealmaking prowess has succeeded in luring investments from some of tech’s heavy hitters, including Facebook Inc. (NASDAQ:FB) and Alphabet Inc. (NASDAQ:GOOG). Google agreed to invest Rs 33,737 crore ($4.5 billion) for a 7.7 percent stake in Jio Platforms, a digital services company and a subsidiary of RIL. Google also unveiled the ‘Google for India Digitization Fund’ wherein it plans to invest Rs 75,000 crores rupees (about $10 billion) to accelerate India’s digital transformation. The company has said that its $4.5B investment in Jio is going to be the largest from the fund.

RIL announced that Jio has developed a Made-in-India 5G solution and has teamed up with Google to develop entry-level 4G, or even 5G smartphones. According to Ambani, India has a population of 350 million people who currently use a 2G feature phone who would be willing to upgrade to an affordable smartphone. once its 5G solution is proven at scale in India, Jio plans to start exporting it to other telcos globally.

RIL shares are flat in the year-to-date to give the company a market cap of 17.17 trillion

INR ($209.3B) compared with a -2.2% return by Exxon to give the American company a valuation of $410.8B.