Reliance Industries Q1 Results Highlights: Revenue Up 12% YoY

Reliance Industries Quarter Results Highlights

Reliance Industries, led by Mukesh Ambani reported its financial results for the April-June quarter. The company made a net profit of ₹15,138 crore which is a 5.4% drop compared to the same time last year. Compared to the previous quarter, Reliance Industries saw a sharper drop in net profit which fell by 20% from ₹18,951 crore in the March 2024 quarter.

Reliance Industrie’s revenue from operations reached ₹236,217 crore this quarter, which is a 12% increase from ₹210,831 crore in the same quarter last year. However, compared to the previous quarter, their revenue was slightly lower, down by 2.7% from ₹264,834 crore. Check Reliance Industries Share Price Today

Reliance Industries reported earnings before interest, taxes, depreciation, and amortization (EBITDA) of ₹42,748 crore for the quarter. This is 2% higher than the ₹41,906 crore reported in the same quarter last year indicating company's core operations are performing well. However, EBITDA margin which shows how much profit the company makes from its revenue decreased from 18.3% last year to 16.7% this year reflecting a slight reduction in profitability.

Reliance Jio Q1 Results Highlights

During the June quarter, Reliance Jio Infocomm, the telecom branch of the company achieved significant growth. Revenue for this period was ₹26,478 crore marking a 10% increase compared to the same quarter last year. Additionally, Jio's net profit rose by 12% to ₹5,445 crore. The company also saw an improvement in its EBITDA margin which expanded by 30 basis points to 52.6%. However, Average Revenue per User (ARPU) remained stable at ₹181.7, slightly up from ₹180.5 the previous year and unchanged from the March quarter. Total number of Jio subscribers also increased reaching 489.7 million up from 448.5 million last year and 481.8 million in the March quarter.

Reliance Retail Q1 Results Highlights

Reliance Retail has been a major contributor to the growth of Reliance Industries in recent quarters. During the April-June period, the company reported revenue of ₹75,630 crore, reflecting an 8.1% rise from the same period last year. EBITDA which is a measure of profitability, rose to ₹5,672 crore from ₹5,151 crore in the previous year. This growth indicates that Reliance Retail is not only generating more revenue but also improving its profitability. EBITDA margin, also improved slightly from 7.4% to 7.5% reflecting better efficiency and financial health.

Reliance Oil-to-Chemicals (O2C) Highlights

Reliance Industrie’s Oil-to-Chemicals (O2C) business saw an increase in revenue, earning ₹1.57 lakh crore this period compared to ₹1.33 lakh crore during the same period last year. However, despite this increase in revenue profit measure known as EBITDA was ₹13,093 crore, which is lower than the ₹15,271 crore reported in the same period last year.

Mixed Performance From Oil & Gas

In the Oil and Gas business, revenue grew reaching ₹6,179 crore this year compared to ₹4,632 crore last year. The earnings before interest, taxes, depreciation, and amortization (EBITDA) also saw an increase rising to ₹5,210 crore from ₹4,015 crore. However, profit margin slightly decreased standing at 84.3% this year down from 86.7% the previous year.

Reliance Media Business Highlights

The company's revenue from operations in this segment decreased by 3% compared to last year amounting to ₹3,141 crore. This decline was due to the IPL revenue being spread over two quarters this year. EBITDA saw a drop of 97.2% compared to last year and EBITDA margin fell by 320 basis points. Overall, the segment reported a loss of ₹221 crore for the quarter.

Management Commentary

Mukesh D. Ambani, Chairman and Managing Director of Reliance Industries highlighted that the company's consolidated EBITDA or earnings before interest, taxes, depreciation and amortization for the quarter has improved compared to the same period last year. This improvement came from strong performance in their Consumer and Upstream businesses even though their Oil-to-Chemicals (O2C) sector faced challenges.

Ambani emphasized that Reliance’s strong financial and operational results this quarter demonstrate the strength of its diverse range of businesses. He pointed out that these businesses are playing a crucial role in India's growth by providing essential energy and enhancing the distribution of goods and services both digitally and physically.

About Reliance Company

Reliance was established by Dhirubhai Ambani and is now overseen and managed by his elder son, Mukesh Dhirubhai Ambani. The company operates in various sectors including the oil-to-chemicals segment, retail segment, digital services business, oil and gas exploration and production business and media and entertainment business. On Friday, Reliance Industrie’s shares closed 1.78% lower at ₹3,116.95. However, reliance stock had increased by 7% in the month. also check List of Ambani Stocks

To Summarize

In the April-June quarter, Reliance Industries reported a net profit of ₹15,138 crore a 5.4% drop from last year and a 20% decline from the previous quarter. Revenue grew 12% yoy to ₹236,217 crore but fell 2.7% from the previous quarter. Reliance Retail's revenue increased by 8.1% to ₹75,630 crore with EBITDA rising to ₹5,672 crore showing improved profitability. Reliance stock rose 7% in the month before the earnings report.