Reliance Q4 results HIGHLIGHTS: Revenue down 2%, net profit at Rs 19,299 crore
Reliance Q4 Results HIGHLIGHTS: Reliance Industries Ltd (TCS) — India's largest company by market capitalisation (mcap) — reported its financial results for the January-March 2023 period on Friday, April 21, 2023. The oil-to-telecom conglomerate, Reliance Industries, reported a two per cent decline in revenue for the three-month period compared with the corresponding period a year ago. Its quarterly net profit came in at Rs 19,299 crore, according to a regulatory filing.
Its telecom arm, Reliance Jio Infocomm — which provides telecom services under brand Jio — reported a net profit of Rs 4,716 crore for the three-month period.
Follow this space to catch HIGHLIGHTS of RIL Q4 results (January-March 2023) only on Zeebiz.com, along with management commentary, expert views and much more:
Reliance Q4 Results HIGHLIGHTS: Reliance Industries Ltd (TCS) — India's largest company by market capitalisation (mcap) — reported its financial results for the January-March 2023 period on Friday, April 21, 2023. The oil-to-telecom conglomerate, Reliance Industries, reported a two per cent decline in revenue for the three-month period compared with the corresponding period a year ago. Its quarterly net profit came in at Rs 19,299 crore, according to a regulatory filing.
Its telecom arm, Reliance Jio Infocomm — which provides telecom services under brand Jio — reported a net profit of Rs 4,716 crore for the three-month period.
Follow this space to catch HIGHLIGHTS of RIL Q4 results (January-March 2023) only on Zeebiz.com, along with management commentary, expert views and much more:
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RIL Q4 Results LIVE | What billionaire Mukesh Ambani says
Here are some highlights:
- Jio continues to digitally empower millions of citizens across the nation
- With steady growth in mobility and FTTH subscriber base and an expanding bouquet of content and digital services, Jio business continues to deliver impressive growth in operating profits
- Retail business registered excellent growth numbers backed by expansion of physical and digital footprint and significant increase in footfall
- RIL continues to expand its product base across consumption baskets, ensuring its customers get world-class products at affordable prices
- Its retail team has an unwavering focus on enhancing consumer experience, ease of shopping
- O2C segment posted its highest-ever operating profit despite global uncertainties and disruptions in commodity trade flows
- Oil & gas segment delivered very strong growth, now poised to contribute nearly 30 per cent of India’s domestic gas production
- Implementation of RIL's new energy giga factories at Jamnagar making significant progress
RIL Q4 Results LIVE | What Reliance Chairman Mukesh Ambani says
“I am happy to note Reliance’s initiatives in digital connectivity and organised retail are driving greater efficiencies in the economy and contributing to India’s emergence as one of the fastest growing economies in the world," says Mukesh Ambani, Chairman and Managing Director, Reliance Industries.
RIL Q4 Results LIVE | Company says depreciation up 43.2% at 11,456 crore ($ 1.4 billion) vs year-ago period
The conglomerate says that the increase in depreciation is due to an expanded asset base across businesses and higher network utilisation in its digital services business.
Here's a quick guide on RIL's key business segments
Oil to Chemicals business includes refining, petrochem, fuel retailing through Reliance BP Mobility, aviation fuel, bulk wholesale marketing
- Oil & gas unit includes exploration, development, production of crude oil and natural gas
- retail segment includes consumer retail, range of related services
- Digital Services unit includes a range of digital services
- Financial services segment comprises management and deployment of identified RIL resources to various activities including NBFC, insurance broking
RIL Q4 Results LIVE | Here's a look at how some of the oil-to-telecom conglomerate's key segments fared on EBITDA front
- Oil to chemicals (O2C): Rs 16,293 crore
- Oil & gas: Rs 3,801 crore
- Retail: Rs 4,925 crore
- Digital services: Rs 13,388 crore
- Financial services: Rs 106 crore
RELIANCE Q4 RESULTS LIVE | FINANCIAL SERVICES REVENUE DROPS 74.5% TO RS 134 CRORE
Reliance Q4 Results LIVE | Mukesh Ambani says RIL has this year proposed to demerge its financial services arm, list new entity Jio Financial Services
"This gives our shareholders an opportunity to participate in an exciting new growth platform from inception," says Mukesh Ambani, Chairman and Managing Director, Reliance Industries.
RELIANCE Q4 RESULTS LIVE | RETAIL REVENUE AT RS 69,288 CRORE
RELIANCE Q4 RESULTS LIVE | DIGITAL SERVICES REVENUE AT RS 31,373 CRORE
RELIANCE Q4 RESULTS LIVE | OIL & GAS REVENUE AT RS 4,556 CRORE
RELIANCE Q4 RESULTS LIVE | EXPENSES AT RS 1,95,211 CRORE VS RS 1,92,078 CRORE A YEAR AGO
RELIANCE Q4 RESULTS LIVE | CONSOLIDATED REVENUE AT RS 2,16,376 CRORE
RELIANCE Q4 RESULTS LIVE | CONSOLIDATED NET PROFIT AT RS 19,299 CRORE