据油价网7月21日报道，印度最大能源公司信实工业在石化和炼油业务表现不佳后，录得低于预期的2023年第二季度利润。这家由亚洲首富穆克什·安巴尼拥有的石油到零售业务集团的净收入同比下降11%，至1601亿卢比（19.5亿美元），远低于彭博调查分析师平均估计的1830.2亿卢比利润。营收下降5.8%至2.1万亿卢比，与华尔街估计相符，而营业成本下降4%至1.9万亿卢比。

三年前，信实工业曾短暂超过美国同行埃克森美孚公司，成为全球最有价值的独立能源公司。信实工业的能源业务占公司收入的约80%。然而，投资者选择关注董事长穆克什·安巴尼计划发展的数字化和零售业务。信实工业在电信、零售和数字服务等非能源业务上的大胆投资已帮助其大幅扩大收入基础。

安巴尼的交易技巧成功吸引了一些科技巨头的投资，包括脸书Facebook Inc.和阿尔法Alphabet Inc.。Google同意以3373.7亿卢比（45亿美元）的价格购买数字服务商Jio Platforms的7.7%股份，后者是信实工业的数字服务子公司。谷歌还宣布了“谷歌印度数字化基金”，计划投资7500亿卢比（约100亿美元）加速印度的数字化转型。该公司表示，其对Jio的45亿美元投资将是基金中最大的一笔。

信实工业宣布Jio已经开发了一种印度制造的5G解决方案，并与谷歌合作开发入门级4G甚至5G智能手机。根据信实公布，印度有3.5亿人目前使用2G功能手机，他们愿意升级到价格实惠的智能手机。一旦Jio的5G解决方案在印度证明其规模效应，该公司计划开始将其出口到全球其他电信运营商。

目前，信实工业的股价相对平稳，全年累计回报率为17.17万亿卢比（2093亿美元），而埃克森的回报率为-2.2%，但这家美国公司市值达到4108亿美元。

胡耀东 译自 油价网

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.