Reliance Industries Q3 Results:
Consolidated profit stood at Rs 19641 crore with an increase of 11 percent compared to last year. Whereas consolidated income stood at Rs 2.48 lakh crore with an increase of 3.2 percent. EBITDA has also seen an increase of 16.7 percent.
Reliance Industries has released its December quarter results. The consolidated profit of the company has been Rs 19,641 crore with an increase of 10.9 percent compared to last year.
At the same time, consolidated total income stood at Rs 2.48 lakh crore with an increase of 3.2 percent. There has also been an increase of 16.7 percent in EBITDA and EBITDA has increased to Rs 44678 crore.
The company has released its results after the closing of the market. In Friday’s trading, the stock of Reliance Industries closed at the level of 2735 with a slight gain.
How have other important figures been?
The EBITDA margin of Reliance Industries has increased from 15.9 percent to 18 percent compared to last year.
Net loans have increased from Rs 1.1 lakh crore to Rs 1.19 lakh crore as compared to last year. Whereas the net debt to EBITDA ratio has decreased from 0.72 to 0.67 as compared to last year.
The company has informed along with the results that the Capex during the quarter was Rs 30102 crore. During this period, the company has invested in the introduction of 5G, retail infrastructure and new energy business across the country.
Jio Platforms Performance
According to the information given, the income of Jio Platforms has been Rs 32510 crore with an increase of 11.4 percent compared to last year.
At the same time, quarterly EBITDA has increased by 11.5 percent on year-on-year basis to Rs 13955 crore. Net profit has increased by 11.6 percent to Rs 5445 crore.
Reliance Retail’s performance
According to the released data, the profit of Reliance Retail Ventures Limited has been Rs 3165 crore with an increase of 31.9 percent compared to last year.
Whereas the income has increased by 22.8 percent to Rs 83063 crore. RRVL’s EBITDA has increased by 31 percent to Rs 6258 crore. EBITDA margin (on income from business) has increased from 7.9 percent to 8.4 percent compared to last year.
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How did the O2C and Oil & Gas segments perform?
The income of Oil and Gas segment during the quarter was Rs 6719 crore, which is 50 percent more than last year.
Quarterly EBITDA has increased by 49.6 percent. At the same time, the quarterly income of Oil to Chemicals has fallen by 2.4 percent to Rs 1,41,096 crore as compared to last year.
The company said shutdowns for previously scheduled maintenance and inspections had an impact on oil-to-chemicals EBITDA growth. EBITDA has increased by one percent compared to last year.
What did Mukesh Ambani say on the results?
After releasing the results, Reliance Industries Chairman and MD Mukesh Ambani said that the company has presented excellent results in the December quarter.
He said that Jio has completed the 5G rollout the fastest. The performance of JioBharat and JioAirFiber during the quarter has been quite good. During this period, the subscriber base of JioBharat and JioAirFiber has also increased.
During this period, the subscriber base of JioBharat and JioAirFiber has also increased. The Chairman said that the retail segment continues to grow tremendously and digital and physical footfall in the segment has increased.
Speaking on the Oil and Gas segment, he informed that record EBITDA was recorded in the quarter. KG-D6 accounts for 30 percent of the country’s gas production.
Good performance continues in the O2C segment also. He said that the new Energy Giga Complex will start this year.
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