RIL Q1 Results Consolidated revenue climbs 54.5% YoY

RIL Q1 Results, LIVE Updates | Consolidated revenue climbs 54.5% YoY to Rs 2.23 lakh crore, exports up 71.3% to Rs 96,212 cr.

Click here to download full result q1 data of Reliance Industries Limted.

Click here to download result offical website RIL.

Open free demat account and invest the reliance stock

RIL Q1 Results Consolidated revenue climbs 54.5% YoY

CONSOLIDATED RESULTS FOR QUARTER ENDED 30TH JUNE, 2022

• ROBUST OPERATING AND FINANCIAL PERFORMANCE ACROSS ALL BUSINESSES
• RECORD QUARTERLY CONSOLIDATED EBITDA AT ₹ 40,179 CRORE ($ 5.1 BILLION), UP 45.8% Y-O-Y
• CONSOLIDATED PROFIT AFTER TAX AT ₹ 19,443 CRORE ($ 2.5 BILLION), UP 40.8% Y-O-Y
• HIGHEST EVER QUARTERLY REVENUE FOR O2C BUSINESS IN A VOLATILE ENVIRONMENT
• BEST EVER QUARTERLY REVENUE FOR RELIANCE RETAIL AT ₹ 58,554 CRORE ($ 7.4 BILLION), UP 51.9% Y-O-Y
• BEST EVER QUARTERLY REVENUE FOR JIO PLATFORMS AT ₹ 27,527 CRORE ($ 3.5 BILLION), UP 23.6% Y-O-Y

RESULTS AT A GLANCE (1Q FY23 COMPARED WITH 1Q FY22)

CONSOLIDATED – RIL

• Gross Revenue for the quarter was ₹ 242,982 crore ($ 30.8 billion), higher by 53.0%
• EBITDA for the quarter was ₹ 40,179 crore ($ 5.1 billion), higher by 45.8%
• Net Profit for the quarter was ₹ 19,443 crore ($ 2.5 billion), higher by 40.8%
• Cash Profit for the quarter was ₹ 31,916 crore ($ 4.0 billion), higher by 46.2%.
• EPS for the quarter was ₹ 26.5 per share, increased by 40.0%

STANDALONE – RIL

• Gross Revenue for the quarter was ₹ 157,716 crore ($ 20.0 billion), higher by 66.4%
• EBITDA for the quarter was ₹ 24,539 crore ($ 3.1 billion), higher by 63.1%
• Net Profit for the quarter was ₹ 15,096 crore ($ 1.9 billion), higher by 75.6%
• Cash Profit for the quarter was ₹ 18,470 crore ($ 2.3 billion), higher by 69.4%
• Exports for the quarter were ₹ 96,212 crore ($ 12.2 billion), higher by 71.3%

CONSOLIDATED – JIO PLATFORMS LIMITED (“JPL”)

• Gross Revenue for the quarter was ₹ 27,527 crore ($ 3.5 billion), higher by 23.6%
• EBITDA for the quarter was ₹ 11,424 crore ($ 1.4 billion), higher by 28.5%
• Net Profit for the quarter was ₹ 4,530 crore ($ 574 million), higher by 24.1%
• Cash Profit for the quarter was ₹ 10,405 crore ($ 1.3 billion), higher by 29.0%
• Total customer base as on 30
th June 2022 of 419.9 million
• ARPU during the quarter of ₹175.7 per subscriber per month
• Total data traffic was 25.9 billion GB during the quarter; higher by 27.2%

CONSOLIDATED – RELIANCE RETAIL

• Gross Revenue for the quarter was ₹ 58,554 crore ($ 7.4 billion), higher by 51.9%
• EBITDA for the quarter was ₹ 3,837 crore ($ 487 million), higher by 97.8%
• Net Profit for the quarter was ₹ 2,061 crore ($ 261 million), higher by 114.2%
• Cash Profit for the quarter was ₹ 2,873 crore ($ 364 million), higher by 105.2%
• Total 15,866 physical stores operational; 792 stores opened during the quarter
• Area of operation – 45.5 million sq. feet as compared to 34.5 million sq. feet in the corresponding
quarter of the previous year.

Commenting on the results, Mukesh D. Ambani, Chairman and Managing Director, Reliance
Industries Limited said: “Geopolitical conflict has caused significant dislocation in energy markets and disrupted traditional trade flows. This along with resurgent demand has resulted in tighter fuel markets and improved product margins. Despite significant challenges posed by the tight crude markets and higher energy and freight costs, O2C business has delivered its best performance ever.

I am also happy with the progress of our Consumer platforms. In Retail business, we continue to focus on enhancing our consumer touch-points and building a stronger value proposition for our customers. The strong supply chain infrastructure and sourcing efficiency is helping us maintain competitive pricing for daily essentials, thereby insulating consumers from inflationary pressures.

Customer engagement on our Digital Services platform remains high. Jio is working towards expanding data availability for all Indians and I am pleased to see the positive trends in mobility and FTTH subscriber additions.

Reliance is committed to invest in India’s energy security. Our New Energy business is forging partnerships with technology leaders in solar, energy storage solutions and the hydrogen eco-system. These partnerships will help us realize the vision of clean, green and affordable energy solutions for all Indians.”

Reliance Q1 Preview