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Reliance Industries Limited Q1 FY2024-25 Financial Results Summary
Financial Results Presentation • Date: July 19, 2024 • Key Executives: CFO V. Srikanth, President B. Srinivasan, and others • Duration: Approximately 47 minutes • Materials: Available on the investor website
Consolidated Financial Highlights • Consolidated EBITDA: Rs 42,748 crore (2% YoY increase) • Retail Revenues: Nearly Rs 76,000 crore • Growth in grocery and consumer electronics • Slower demand in fashion and lifestyle • Digital Services: 12.8% revenue increase • O2C EBITDA: Rs 13,100 crore (14% YoY decline) • Overall Revenue: Rs 2,58,000 crore (11.5% increase) • PAT: Rs 17,500 crore (4.5% decrease) • Balance Sheet: Strong with reduced net debt and lower capital expenditure
Jio Digital Services Performance • Consolidated Revenues: Rs 29,449 crore (12.8% YoY growth) • Subscriber Base: 489.7 million (8 million net additions) • 5G Subscribers: Nearly 130 million • Data Traffic: 33% YoY increase • New Services: JioSafe and JioTranslate launched • Tariff Increase: Effective July 3, expected to benefit the telecom industry
Reliance Retail Performance • Revenue Growth: 8% YoY to Rs 75,615 crore • EBITDA Growth: 10% to Rs 5,664 crore • Store Expansion: 331 new stores opened • Digital Commerce Contribution: 18% of total revenues • Consumer Electronics: Strong seasonal demand • Fashion and Lifestyle: Steady growth with new partnerships
Hydrocarbon Segment Update • EBITDA: Rs 5,210 crore (30% YoY increase) • Production: Steady from KG-D6 • LNG Market: 30% rise in imports due to power generation needs • Price Realizations: Improved after initial drops
O2C Segment Insights • EBITDA Decline: 14% YoY to Rs 13,100 crore • Gasoline Prices: Down 30% • Oil Demand: Grew by 3.5% YoY in India • Polyester Segment: Mixed results with weak global demand
Future Outlook • Global Oil Demand: Expected normalization with seasonal boosts • Challenges: Geopolitical tensions and supply disruptions • Strengths: Integrated operations and strong balance sheet for growth
Announcement Details • Date of Announcement: April 23, 2024 • Presentation Date: April 22, 2024 • Content: Financial results for the quarter and year ended March 31, 2024 • Key Participants: CFO Sh V Srikanth and executives from various divisions • Duration: Over an hour • Access: Available on the company's website • Signed by: Savithri Parekh, Company Secretary and Compliance Officer
Financial Highlights • Fiscal Year 2023-24 Milestones: • EBITDA: ₹ 1,75,000 crore • Profit Before Tax (PBT): ₹ 1,00,000 crore • Market Capitalization: Exceeded ₹ 20,00,000 crore • Key Achievements: • JPL: Revenue of ₹ 1,00,000 crore, Net Profit of ₹ 20,000 crore • RRVL: Revenue over ₹ 3,00,000 crore, Net Profit exceeding ₹ 10,000 crore • Overall FY 2023-24 Results: • EBITDA: ₹ 1,79,000 crore (up 16% YoY) • Net Profit: ₹ 79,000 crore (up 7.3% YoY) • Standalone Q4 EBITDA: ₹ 47,150 crore (up 14%) • Net Profit: ₹ 21,243 crore (flat YoY)
Jio Digital Services Update • Subscriber Migration: Over 108 million to Jio's 5G services • Market Recognition: Best 5G network in India by Ookla • Fixed Wireless Strategy: Expanding broadband access to nearly 6,000 towns • Financial Performance: • Consolidated Revenues: Nearly ₹ 1,10,000 crore (up 12% YoY) • EBITDA: ₹ 55,000 crore • Subscriber Base: 481.8 million
RJIL and JPL Performance • RJIL Highlights: • Subscriber Base: 481.8 million (10.9 million added in the quarter) • Q4 Operating Revenues: ₹ 25,959 crore (up 11% YoY) • Full Year Revenues: Surpassed ₹ 1 lakh crore • JPL Highlights: • Q4 Operating Revenue: ₹ 28,871 crore • Full Year Operating Revenue: ₹ 1,09,558 crore
Reliance Retail Achievements • Financial Performance: • Revenues: Surpassed ₹ 3 lakh crore • EBITDA: ₹ 23,000 crore (up 18% YoY) • Store Expansion: Added 1,840 new stores • Digital Segment Contribution: 18% to revenue • Key Growth Areas: Grocery sales, fashion lifestyle, consumer electronics
O2C and Exploration & Production Insights • O2C Segment: • FY24 EBITDA: ₹ 62,400 crore • Q4 EBITDA: Rose 3% YoY • Exploration & Production: • EBITDA exceeding ₹ 20,000 crore • Positive outlook for gas markets and demand growth
Market Outlook and Challenges • Oil Demand: Expected to remain strong, particularly in India • Challenges: OPEC+ production cuts, geopolitical tensions, and market volatility • Future Focus: India-centric capacity expansion and green energy investments
Overall, Reliance Industries Limited demonstrated robust growth across its diverse business segments, positioning itself for continued financial flexibility and strategic expansion.
Financial Highlights • Date of Presentation: January 19, 2024 • Consolidated EBITDA: ₹44,700 crore (up 17% YoY) • Net Profit: ₹19,641 crore (up 11% YoY) • Overall Revenue: ₹2,48,000 crore (up 3% YoY) • Net Debt: ₹1,19,372 crore • Capital Expenditure: Reduced to ₹30,000 crore
Business Segment Performance
Jio's 5G Rollout
• Subscribers: Nearly 90 million migrated to 5G • Market Position: 7.5% increase in Jio's subscriber base vs. 3% decline in competitors • Jio Bharat Initiative: Captured 45% market share in sub-1000 rupee segment
Retail Performance
• Gross Revenue: Surpassed ₹83,000 crore (up 23% YoY) • EBITDA: Increased by 31% to ₹6,258 crore • Customer Metrics: Footfalls up 40%, registered customer base of 293 million • New Initiatives: Launch of Swadesh store format, D2C platform Ajiogram, and acquisition of Sephora India
Oil and Gas Segment
• Quarterly EBITDA: ₹5,800 crore (up 50% YoY) • Production: Approximately 30 million standard cubic meters of gas and 21,000 barrels of oil per day • Market Outlook: Pressure on gas prices due to global demand factors
O2C Business Segment
• Year-on-Year Revenue: Decreased due to lower Brent prices • EBITDA: Rose by 1% despite challenges • Mixed Margin Trends: Mid-distillate margins down, gasoline cracks improving
Future Outlook • Chemical Market: Anticipated oversupply challenges • Refining Margins: Expected to remain constructive • New Energy Facilities: On track for launch by year-end • Financial Health: Strong cash flows and balance sheet, with reduced capital expenditure
Conclusion • Reliance Industries Limited is experiencing robust growth across various segments, particularly in retail and digital services, while navigating challenges in the O2C and oil and gas sectors. The company is focused on value creation and operational discipline amidst market volatility.
Financial Highlights • Date of Presentation: January 19, 2024 • Consolidated EBITDA: ₹44,700 crore (up 17% YoY) • Net Profit: ₹19,641 crore (up 11% YoY) • Overall Revenue: ₹2,48,000 crore (up 3% YoY) • Net Debt: Stable at ₹1,19,372 crore • Capital Expenditure: Reduced to ₹30,000 crore
Business Segment Performance
Jio Platforms
• 5G Rollout: Nearly 90 million subscribers migrated; services available pan-India. • Subscriber Growth: 7.5% increase; total subscribers at 471 million. • ARPU: ₹181.7, influenced by favorable subscriber mix. • Data Traffic Growth: 31.5% YoY increase. • New Initiatives: JioSpaceFiber, JioCloud, and cloud gaming.
Reliance Retail
• Gross Revenue: Surpassed ₹83,000 crore (up 23% YoY). • EBITDA: Increased by 31% to ₹6,258 crore. • Customer Metrics: Footfalls up 40%; registered customer base at 293 million. • New Initiatives: Launch of Swadesh store format, Ajiogram platform, and acquisition of Sephora India.
Oil and Gas Segment
• Quarterly EBITDA: ₹5,800 crore (up 50% YoY). • Production: 30 million standard cubic meters of gas and 21,000 barrels of oil per day. • Market Outlook: Pressure on gas prices due to global demand factors; stable production expected.
O2C Business
• Revenue: Year-on-year decrease due to lower Brent prices. • EBITDA: Rose by 1% despite challenging conditions. • Market Dynamics: Mixed margin trends; focus on domestic market product placement.
Strategic Initiatives • Private 5G Solutions: Leveraging homegrown 5G core for IoT solutions in healthcare and agriculture. • Managed Services: Entering advisory and management services for enterprises. • Sustainability Initiatives: Launch of circular polymer initiative.
Overall Outlook • Market Volatility: Expected in the near term, but refining margins may improve. • Financial Health: Strong cash flows and balance sheet; significant reduction in capital expenditure. • Future Plans: Launch of New Energy facilities by year-end.
Reliance Industries Limited Financial Results Presentation Summary
Announcement Details • Date of announcement: October 28, 2023 • Presentation date: October 27, 2023 • Key executives participated, including CFO V Srikanth • Topics covered: consolidated financials, digital services, retail performance, exploration & production • Access to materials: Available on the investor relations website
Financial Performance Highlights • Quarterly Results: • Record EBITDA: ₹45,000 crore ($5.4 billion), up 30% YoY • Net profit: Nearly ₹20,000 crore ($2.4 billion), up 30% YoY • Consumer Business: • Retail: Highest quarterly EBITDA with 19% revenue increase and 32% EBITDA growth • Digital services: Over 70 million users migrated to 5G, 11% revenue increase • O2C Segment: • Strong EBITDA despite 7.3% revenue decline due to lower oil prices • Oil and Gas Segment: • Revenues up 72%, EBITDA up 50% from KG-D6 field production • Overall Revenue: • Flat revenues at ₹2,56,000 crore, but 30% increase in EBITDA • Net debt reduced by ₹8,000 crore
Digital Services Update • 5G Rollout: • Over 1 million 5G cells deployed, 70 million subscribers transitioned to 5G • Jio accounts for over 85% of 5G cells in India • Subscriber Growth: • Net addition of 11.1 million subscribers, total reaching 459.7 million • Data traffic surged to 36.3 Exabytes, 29% YoY growth • New Services: • Launch of JioAirFiber for enhanced connectivity
Retail Performance • Revenue Growth: • 19% year-on-year growth in gross revenues • Strong performance in grocery (33% growth) and fashion lifestyle (32% growth) • Store Expansion: • Opened 471 new stores, expanding retail area to 71.5 million square feet • Digital Sales: • Online platforms like AJIO saw a 50% increase in options and customer base
Hydrocarbons - Exploration & Production • Revenue Increase: • 72% year-on-year revenue increase to ₹6,620 crores • Enhanced production from KG-D6 fields • Market Conditions: • Mixed conditions with robust Indian gas demand
O2C Business Segment • Revenue Decline: • 7.3% year-on-year decrease to ₹148,000 crore due to crude price drop • EBITDA Growth: • 36% year-on-year increase driven by strong domestic demand
Overall Business Outlook • Positive earnings and operational performance across sectors • Anticipated peak in capital expenditures in FY24 with 5G rollout completion • Strong growth visibility in consumer business and tight fuel market conditions • Optimism about portfolio strength and execution capabilities driving value creation
Reliance Industries Limited Financial Results Presentation Summary
Announcement Details • Date of announcement: October 28, 2023 • Presentation date: October 27, 2023 • Content: Financial results for the quarter and half-year ended September 30, 2023 • Access: Available on the investor relations website • Duration: Approximately one hour • Key executives involved: CFO V. Srikanth, division presidents
Financial Performance Highlights • Record EBITDA: ₹45,000 crore ($5.4 billion), up 30% YoY • Net profit: Nearly ₹20,000 crore ($2.4 billion), up 30% YoY • Consumer business growth: • Retail: 19% revenue increase, highest quarterly EBITDA • Digital services: 11% revenue increase, over 70 million 5G users
Segment Performance • O2C Segment: • Revenue decline: 7.3% due to lower oil prices • EBITDA increase: 36% from increased volumes and favorable margins • Oil and Gas Sector: • Revenue increase: 72% • EBITDA increase: 50% from KG-D6 field production
Balance Sheet and Capital Expenditure • Flat revenues: ₹2,56,000 crore • Net debt reduction: ₹8,000 crore • Anticipated decline in capex intensity as 5G rollout nears completion
Jio Digital Services Updates • 5G rollout: Over 1 million cells deployed, 70 million subscribers transitioned • JioAirFiber launched for enhanced connectivity • Unique standalone 5G deployment with advanced features • Focus on eliminating 2G services with affordable devices
Enterprise Sector Performance • Relationships with over 85% of large enterprises in India • High win rate in government bids • Over 25% of enterprise customers using multiple Jio services
Subscriber and Revenue Growth • Digital services segment: 11.1 million net additions, total 459.7 million subscribers • Consolidated revenue: ₹26,875 crore, EBITDA: ₹13,528 crore • Data traffic: 36.3 Exabytes, 29% YoY increase
Reliance Retail Performance • Gross revenue growth: 19% YoY • Key growth areas: Grocery (33%), Fashion lifestyle (32%) • New fast fashion format launched: Yousta • Expansion of store network: 471 new stores opened
Hydrocarbons - Exploration & Production • Revenue increase: 72% YoY to ₹6,620 crores • EBITDA: Exceeded ₹4,766 crores • Production ramp-up from KG-D6 fields
O2C Business Segment Insights • Revenue decrease: 7.3% YoY to ₹148,000 crore • EBITDA increase: 36% YoY • Strong domestic demand for transportation fuels
Overall Business Outlook • Positive earnings and operational performance across sectors • Anticipated peak in capital expenditures in FY24 • Strong growth visibility in consumer business and fuel market • Optimism about portfolio and execution capabilities for value creation
Reliance Industries Limited Q1 FY24 Financial Results Summary
Announcement Details • Date of Announcement: July 22, 2023 • Presentation Date: July 21, 2023 • Content: Financial results, insights from executives, and business segment performance. • Access: Available on the investor relations website. • Signed by: Savithri Parekh, Company Secretary and Compliance Officer.
Financial Performance • EBITDA: Nearly Rs. 42,000 crores (5.8% YoY increase). • Key Growth Areas: • Jio: 17% growth • Retail: 34% growth • Upstream Operations: 47% growth • Net Profit: Decreased by 6% to Rs. 18,258 crores. • Consumer Business: 314 million transactions (43% increase). • Jio Customers: Added 9.2 million, total of 448.5 million. • Retail EBITDA: Grew by 34%. • O2C Segment: EBITDA fell to Rs. 15,271 crores (23% decline). • Oil and Gas EBITDA: Rose by 47% to Rs. 4,015 crores. • Overall Revenue: Down 5% due to lower crude prices.
Jio 5G Rollout Update • Progress: 65% complete, with plans for pan-India coverage by December 2023. • Customer Growth: Net additions increased from 5.3 million to nearly 10 million. • New Product: Jio Bharat phone for transitioning 2G users to 4G.
JioFiber and Streaming Services • JioFiber: 80% of net additions in wired broadband, 50% YoY growth. • Jio Cinema: Record viewership during IPL with 32 million concurrent users. • Streaming Transition: Enhanced viewing experience with low latency and interactive options.
Financial Metrics from JPL • Consolidated Revenues: Rs. 26,115 crores (11.3% growth). • EBITDA: Increased by 15% to Rs. 13,116 crores. • Subscriber Base: 448.5 million. • ARPU: Rose to 180.5 rupees. • Monthly Data Traffic: 11 exabytes (48.3% YoY increase).
Reliance Retail Performance • Revenue Growth: 19% YoY, driven by 59% increase in grocery sales. • EBITDA: Rose 34% to Rs. 5,139 crores. • Store Expansion: Opened 555 new stores, total of 18,446. • Acquisition: Completed acquisition of Metro Cash and Carry India.
Oil and Gas Sector Performance • Revenues: Rs. 4,632 crores, EBITDA at Rs. 4,015 crores (46.7% YoY increase). • Production: Increased from newly commissioned MJ oil and condensate gas production. • Market Outlook: Cautious optimism due to potential price volatility and demand recovery in China.
O2C Business Segment Insights • EBITDA: Rs. 15,271 crores (23% decline YoY). • Market Challenges: Softening demand and destocking amid recession concerns. • Domestic Oil Demand: Positive growth in petrol, diesel, and aviation fuel.
Conclusion • Overall Outlook: Reliance Industries Limited demonstrates resilience and growth across various segments, with a focus on digital services, retail expansion, and operational efficiency despite market challenges.
Reliance Industries Limited Q1 FY24 Financial Results Summary
Announcement Details • Date of Announcement: July 22, 2023 • Presentation Date: July 21, 2023 • Content: Audio/video recording and transcript of financial results • Access: Available on the investor relations website • Signed by: Savithri Parekh, Company Secretary
Financial Performance Highlights • EBITDA: Nearly Rs. 42,000 crores (5.8% YoY increase) • Segments Driving Growth: • Jio: 17% growth • Retail: 34% growth • Upstream Operations: 47% growth • O2C Segment: 23% decline due to high comparative base • Net Profit: Rs. 18,258 crores (6% decrease) • Consumer Business: • 314 million transactions (43% increase) • Jio customer base: 448.5 million (9.2 million new additions) • Retail EBITDA: Grew by 34% • Net Debt: Stable despite Rs. 39,600 crores capital expenditure
Jio 5G Rollout Update • Completion Status: 65% complete, on track for December 2023 • 5G Sites Deployed: 115,000 • Customer Growth: Net additions increased significantly
New Product Introductions • Jio Bharat Phone: Targeting 2G users, priced under 1000 rupees • JioFiber: 80% of net additions in wired broadband
Jio Cinema Performance • Viewership: 32 million concurrent users during IPL • Watch Time: 160 billion minutes
JPL Financial Results • Consolidated Revenues: Rs. 26,115 crores (11.3% growth) • EBITDA: Rs. 13,116 crores (15% increase) • Subscriber Base: 448.5 million • ARPU: Increased to 180.5 rupees
Reliance Retail Performance • Revenue Growth: 19% YoY, driven by grocery sales (59% increase) • EBITDA: Rs. 5,139 crores (34% increase) • Store Openings: 555 new stores, total 18,446 • Acquisition: Completed acquisition of Metro Cash and Carry India
Oil and Gas Sector Performance • Revenues: Rs. 4,632 crores (46.7% YoY increase) • EBITDA: Rs. 4,015 crores • Production: Increased to over 28 million standard cubic meters per day
O2C Business Segment Insights • Market Challenges: Softening demand and declining margins in petrochemicals • Global Oil Demand: Increased by 2.8 million barrels per day, driven by China
Overall Outlook • Performance Resilience: Despite market volatility, strong consumer demand and operational flexibility support growth expectations.
Reliance Industries Limited Q1 FY24 Financial Results Summary
Announcement Details • Date of Announcement: July 22, 2023 • Presentation Date: July 21, 2023 • Content: Financial results, insights from executives, and business segment performance. • Access: Available on the investor relations website. • Signed by: Savithri Parekh, Company Secretary and Compliance Officer.
Financial Performance • Consolidated EBITDA: Nearly Rs. 42,000 crores (5.8% YoY increase). • Key Growth Areas: • Jio: 17% growth • Retail: 34% growth • Upstream operations: 47% growth • Net Profit: Decreased by 6% to Rs. 18,258 crores. • Consumer Business: 314 million transactions (43% increase). • Jio Customers: Added 9.2 million, total reaching 448.5 million. • Retail EBITDA: Grew by 34%. • O2C Segment: EBITDA fell to Rs. 15,271 crores (23% decline). • Overall Revenue: Down 5% due to a 31% drop in crude prices.
Jio 5G Rollout Update • Completion Status: 65% complete, aiming for pan-India by December 2023. • 5G Sites Deployed: 115,000. • Customer Growth: Net additions increased significantly.
New Product Introductions • Jio Bharat Phone: Priced under 1000 rupees to transition 2G users to 4G. • JioFiber: 80% of net additions, 50% YoY subscriber growth.
Jio Cinema Performance • Viewership: Record-breaking during IPL with 32 million concurrent users. • Streaming Innovations: Transition to advanced streaming formats with interactive options.
IoT Platform Growth • Adoption: Gaining traction across sectors like agriculture and automotive.
Reliance Retail Performance • Revenue Growth: 19% YoY, driven by grocery sales (59% increase). • EBITDA: Rose 34% to Rs. 5,139 crores. • Store Expansion: Opened 555 new stores, total reaching 18,446.
Oil and Gas Sector Performance • Revenue: Rs. 4,632 crores, EBITDA at Rs. 4,015 crores (46.7% YoY increase). • Production: Increased from newly commissioned MJ oil and condensate gas production.
O2C Business Segment Insights • EBITDA: Rs. 15,271 crores (23% YoY decline). • Market Challenges: Softening demand and margin pressures in petrochemicals.
Future Outlook • Market Conditions: Anticipated recovery in demand, particularly in China. • Operational Focus: Emphasis on operational excellence and diversified portfolio to mitigate challenges.
Announcement Details • Date: April 22, 2023 • Presentation Date: April 21, 2023 • Key Participants: CFO Sh V Srikanth and executives from various segments • Access: Available on the investor relations website • Communication signed by: Savithri Parekh, Company Secretary
Financial Highlights for Q4 FY 2023 • Record Performance: Driven by Oil-to-Chemicals (O2C) sector and consumer business growth • Key Financials: • EBITDA: ₹ 1,55,000 crore (up 23% YoY) • Net Profit: ₹ 74,100 crore (up 14% YoY) • Consumer Segment EBITDA: 30% increase • O2C Segment EBITDA: ₹ 62,000 crore • Focus: Strong balance sheet and disciplined capital allocation
Jio's 5G Rollout and Strategy • 5G Expansion: Over 2,300 cities, 60,000 sites, and 350,000 5G cells deployed • Mobility Offerings: Increased data consumption and ARPU growth • New Services: Jio Plus postpaid plan for families • Target Markets: Focus on consumer and enterprise, especially small and medium businesses (SMBs)
Jio Cinema and Financial Performance • Streaming Advancements: Notable improvements with IPL rights • FY 2023 Financials: • Revenues: Exceeded ₹98,000 crores (20% growth) • EBITDA: Nearly ₹50,000 crores (25% growth) • Subscriber Base: Approximately 440 million
Reliance Retail Performance • Year-End Results: 30% increase in gross revenues, 45% rise in EBITDA • Store Expansion: 3,300 new stores added • Digital Growth: Contributed 18% to total revenues • Key Segments: Grocery leading with 66% YoY growth
Urban Ladder and New Commerce Developments • Store Expansion: 100% YoY increase in product catalog • Grocery Segment: Record revenues, especially in tier two towns • Digital Platforms: JioMart and Milk Basket showing strong growth
Hydrocarbons Exploration & Production Overview • FY '23 Performance: Consolidated EBITDA of ₹13,589 crore • Production Goals: Targeting peak production from MJ field • Market Outlook: Positive due to increased production and regulatory changes
O2C Business Performance • Record Revenue: Nearly six lakh crores, EBITDA of ₹62,000 crores • Market Demand: Strong domestic demand for polymers and fuels • Sustainability Efforts: Development of recycled materials and bio-compostable alternatives
Strategic Objectives and Future Outlook • Investment Plans: Funded through internal accruals, maintaining strong credit ratings • Growth Focus: Enhancing leadership in consumer business and renewable energy systems • Debt Management: Keeping net debt to EBITDA below one for solid growth potential
Announcement Details • Date: April 22, 2023 • Availability of audio/video recording and transcript for Q4 FY 2023 results. • Presentation held on April 21, 2023. • Key participants: CFO Sh V Srikanth and executives from various segments. • Materials accessible on investor relations website.
Financial Performance Highlights • Overall Performance: • Record performance driven by O2C and consumer businesses. • EBITDA: ₹1,55,000 crore (up 23% YoY). • Net Profit: ₹74,100 crore (up 14% YoY).
• Consumer Segment: • 30% increase in EBITDA. • Digital services revenue surpassed ₹50,000 crore.
• Oil and Gas Sector: • Significant revenue growth and improved price realizations.
Jio's 5G Rollout • Rapid expansion to over 2,300 cities with 350,000 5G cells deployed. • Enhanced mobility offerings leading to increased data consumption and ARPU growth. • New offerings: JioFiber and AirFiber targeting residential and SMB markets.
Jio's Business Strategies • Focus on SMB market with comprehensive solutions. • Successful advancements in Jio Cinema, particularly during IPL. • Financial performance: Consolidated revenues over ₹98,000 crore (20% growth), EBITDA nearing ₹50,000 crore (25% growth).
Reliance Retail Performance • Year-end performance: 30% increase in gross revenues, 45% rise in EBITDA. • Expansion: 3,300 new stores and 12 million square feet of warehousing. • Digital channels contributed 18% to total revenues.
Urban Ladder and New Commerce • Store expansion and omni-channel experience enhancement. • Record revenues in grocery segment, particularly in tier two towns. • Digital commerce platforms like JioMart and Milk Basket showing strong growth.
Hydrocarbons Exploration & Production • Consolidated EBITDA increased to ₹13,589 crore, driven by KGD6 production. • Positive outlook for gas market supported by increased production and regulatory changes.
O2C Business Performance • Record revenue of nearly ₹6 lakh crores and EBITDA of ₹62,000 crores. • Strong domestic demand for polymers and elastomers despite margin pressures.
Strategic Objectives • Focus on consumer business leadership, 5G rollout acceleration, and renewable energy development. • Disciplined investment approach to maintain strong credit ratings and solid balance sheet.
Reliance Industries Limited Financial Update (Q3 2022)
Financial Performance • Consolidated EBITDA: ₹38,460 crores (13.5% increase) • Net Profit: ₹17,806 crores (slight year-on-year increase) • Key Segments: • Retail: Revenue of ₹67,000-68,000 crores (25% EBITDA growth) • Digital Services: ₹30,000 crores in revenue • Oil and Gas: Nearly doubled EBITDA
Jio's 5G Rollout • Progress: 134 cities covered in over 100 days, 25,000 sites deployed • User Experience: Download/upload speeds exceeding 600 Mbps • Future Plans: Nationwide rollout completion by December 2023 • New Services: Launch of Jio AirFiber with Wi-Fi 6 and IoT solutions
Jio Cinema Success • Viewership: Over 100 million during FIFA World Cup, peak concurrent users of 12 million • Expansion: Optical fiber services and partner model for smaller towns
Enterprise Solutions • Industry-Specific Offerings: "Air room as a service" for hospitality, "branch as a service" for banking • Innovations: Edge Services with zero-cooling server solutions
Jio Platforms Financial Results • Revenue: ₹24,892 crores (21% year-on-year increase) • EBITDA: ₹12,519 crores (EBITDA margin over 50%) • Subscriber Growth: 432.9 million (5.3 million net addition) • Data Traffic: 29 exabytes (24% increase)
Reliance Retail Performance • Customer Footfall: Over 201 million in the quarter • Revenue Growth: 17% year-on-year to ₹67,623 crores • Key Segments: Grocery (65% growth), Consumer Electronics (45% growth) • Store Expansion: Increased to 17,225 with enhanced warehousing
Segment Growth Highlights • Lingerie Brands: 62% year-on-year growth • Urban Ladder: 21% year-on-year growth • Grocery Segment: 65% growth • JioMart: 37% month-on-month increase in active customers • Pharma Business: Doubled revenue with 67% increase in digital orders
Hydrocarbons - Exploration & Production • EBITDA Growth: Over 91% year-on-year • Production Levels: Sustainable with higher gas price realizations • MJ Field: Full production capacity expected by FY 24
O2C Business Segment • Revenue: ₹1,45,000 crores (10% year-on-year increase) • EBITDA: ₹14,000 crores (3% rise) • Market Conditions: Lower crude and LNG prices impacting performance • Future Outlook: Expected growth in demand, particularly in China, with focus on resource management and green energy initiatives.
Reliance Industries Limited Financial Update (Q3 2022)
Financial Performance • Consolidated EBITDA: ₹38,460 crores (13.5% increase) • Net Profit: ₹17,806 crores (slight year-on-year increase) • Key Segments: • Retail: Revenue of ₹67,000-68,000 crores, EBITDA growth of 25% • Digital Services: Revenue of ₹30,000 crores • Oil and Gas: EBITDA nearly doubled year-on-year
5G Rollout and Digital Services • 5G Rollout: Reached 134 cities in over 100 days, with over 25,000 sites deployed • User Experience: Download/upload speeds exceeding 600 Mbps • Jio AirFiber: Launching fiber services through 5G with bundled offerings • Jio Cinema: Attracted over 100 million viewers during FIFA World Cup
Enterprise Solutions • Industry-Specific Solutions: "Air room as a service" for hospitality, "branch as a service" for banking • Edge Computing Innovations: Zero-cooling server design for rapid deployment
Jio Platforms Performance • Revenue: ₹24,892 crores (21% year-on-year increase) • EBITDA: ₹12,519 crores (EBITDA margin over 50%) • Subscriber Base: 432.9 million, with a net addition of 5.3 million • Data Traffic: 29 exabytes (24% increase)
Reliance Retail Performance • Customer Footfalls: Over 201 million in the quarter • Revenue Growth: 17% year-on-year to ₹67,623 crores • Store Expansion: 17,225 stores, adding 789 new stores • Digital Commerce: 38% revenue growth, contributing 18% to total revenue
Segment Growth Highlights • Lingerie Brands: 62% year-on-year growth • Urban Ladder: 21% year-on-year growth • Grocery Business: 65% growth • JioMart: 37% month-on-month increase in active customers
Hydrocarbons - Exploration & Production • EBITDA Growth: Over 91% year-on-year • Gas Price Realizations: Prices at $11.3/MMBTU and $20.9/MMBTU • MJ Field: Full production capacity expected by FY 24
O2C Business Segment • Revenue: ₹1,45,000 crores (10% year-on-year increase) • EBITDA: ₹14,000 crores (3% rise) • Market Conditions: Lower crude and LNG prices impacting performance • Future Outlook: Expected growth in demand, particularly in China, despite weak margins