Reliance Industries Records Record Consolidated Revenue of Rs 2.42 Lakh Crore in the First Quarter of FY 2023

Reliance

Reliance Industries Limited (RIL) reported record consolidated revenue of Rs 2.42 lakh crore ($30.8 billion) in the first quarter of FY2023, up 53 per cent year-on-year.

Reliance posted a record quarterly consolidated EBITDA of Rs 40,179 crore ($5.1 billion), up 45.8 percent year-on-year and highest quarterly consolidated profit before tax (PBT) at Rs 27,236 crore ($3.4 billion), a year-on-year increase. 57.7 percent higher.

Consolidated Net Profit For the Quarter Stood At Rs. 19,443 Crore ($2.5 Billion), Up 40.8 Percent

EPS for the quarter stood at Rs 26.6 per share, up 42.7 per cent. Reliance’s exports for the quarter stood at Rs 96,212 crore ($12.2 billion), up 71.3 per cent.

RIL’s Capital Expenditure (Including Exchange Rate Differential) For the Quarter Ended June 30, 2022 Was Rs 31,434 Crore ($4.0 Billion).

Jio Platforms’ EBITDA for the quarter stood at Rs 11,424 crore ($1.4 billion), an increase of 28.5 per cent, and net profit for the quarter stood at Rs 4,530 crore ($574 million), an increase of 24.1 per cent.

Reliance Jio’s ARPU grew 26.9 per cent year-on-year and 4.8 per cent on QoQ basis at Rs 175.7 per month during the quarter, driven by the residual impact of tariff hike and contribution from FTTH.

Reliance Jio Net’s subscriber base witnessed a strong growth of 9.7 million, driven by a gross growth of 35.2 million with a total subscriber base of 419.9 million as on June 30.

Reliance Jio’s Average Data and Voice Consumption Per User Per Month Increased to 20.8 GB and 1,001 Minutes, Respectively

Jio continues to expand its leadership position in FTTH services with more rapid growth in connected homes. Jio now has 7 million connected campuses.

Reliance Retail’s gross revenue for the quarter was Rs 58,554 crore ($7.4 billion), up 51.9 per cent. Reliance Retail’s EBITDA for the quarter stood at Rs 3,837 crore ($486 million), up 97.7 per cent. Reliance Retail’s net profit for the quarter stood at Rs 2,061 crore ($261 million), up 114.2 per cent.

Reliance Retail witnessed its first quarter without any operational disruption since the onset of COVID and surpassed pre-Covid levels as consumers returned to stores and crossed a milestone of 200 million registered customers.

The registered customer base grew 29 percent year-on-year to 208 million at the end of the quarter. Reliance Retail opened 720 stores in the quarter, taking the total to 15,916 stores in an area of ​​43.2 million sq ft covering all corners of the country.

Reliance Retail enhanced its supply chain capabilities with 3.3 million sq ft of space by adding 79 warehousing and fulfillment locations during the quarter.

Reliance Retail Digital Commerce’s daily orders were 66 per cent year-on-year and the new commerce merchant base was 3x higher than last year. Reliance Retail added over 17,000 jobs during the quarter, and the total workforce is 3.79 lakh.

Reliance O2C had the best ever quarterly performance with all-time high revenue and EBITDA. Segment revenue grew 56.7 per cent to Rs 1.61 lakh crore, mainly due to increase in crude oil and product prices.

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