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Saturday, April 22, 2023

Reliance Industries Ltd announces results for Q4 & FY2022-23.

Reliance Industries Ltd announces results for Q4 & FY2022-23.

Details follow…

๐ŸŒธReliance posts record annual consolidated revenues at ₹976,524 crore ($118.8 billion), up 23.2% YoY, supported by continuing growth momentum across all businesses

๐ŸŒธReliance’s annual EBITDA crossed benchmark of ₹150,000 crore for the first time; the record high EBITDA stood at ₹154,691 crore ($18.8 billion), up 23.1% YoY

๐ŸŒธRecord annual consolidated Profit after Tax at ₹74,088 crore ($9.0 billion), up 9.2% YoY

๐ŸŒธReliance Jio extends market leadership in 5G rollout with coverage across 2,300+ cities / towns; Jio has already deployed ~60K 5G sites across 700MHz and 3500MHz bands and is on track to complete pan India rollout by December 2023

๐ŸŒธReliance Retail recorded accelerated store opening during the year with 3,300+ new stores taking total retail area to 65.6 million sq ft

๐ŸŒธStrong business performance of O2C during the year led by excellence in operations, optimised feedstock cost and supportive product margins

๐ŸŒธThe Capital Expenditure for the year was ₹141,809 crore ($ 17.3 billion); Net Debt as on March 31, 2023 was ₹ 110,218 crore ($ 13.4 billion) substantially below the annual EBITDA

๐ŸŒธRIL's Gross Revenue for the quarter was ₹239,082 crore ($29.1 billion), up 2.8% Y-o-Y, supported by continuing growth momentum in consumer businesses.

๐ŸŒธQ4 FY2022-23 Consolidated EBITDA for the quarter increased by 21.9% Y-o-Y to ₹41,389 crore ($5.0 billion) 

๐ŸŒธQ4 FY2022-23 Consolidated Profit after tax for the quarter improved by 18.3% Y-o-Y at ₹21,327 crore ($2.6 billion)

๐ŸŒธQ4 FY2022-23 Jio Platforms' Gross Revenue for the quarter was at a record high of ₹29,871 crore, up 14.3% Y-o-Y

๐ŸŒธQ4 FY2022-23 Jio Platforms' EBITDA for the quarter was a record ₹12,767 crore, up 16.9% Y-o-Y

๐ŸŒธQ4 FY2022-23 Jio Platforms' Net Profit for the quarter was ₹4,984 crore, up 15.6% Y-o-Y

๐ŸŒธQ4 FY2022-23 Jio network scales up to now carry over 10 Exabytes per month, up 24% Y-o-Y; Jio's total data traffic jumped 23.2% Y-o-Y to 30.3 billion GB for the quarter; Voice traffic grew 8% to 1.31 trillion minutes

๐ŸŒธQ4 FY2022-23 Jio reported industry-leading subscriber growth with 29+ million net additions during the year; Customer base stood at 439 million as on 31st March 2023

๐ŸŒธQ4 FY2022-23 Jio's ARPU grew 6.7% Y-o-Y to Rs 178.8 during the quarter, from Rs 167.6 in the year ago period

๐ŸŒธQ4 FY2022-23 Reliance Retail posted a record high quarterly revenue at ₹69,267 crore, up 19.4% Y-o-Y driven by broad based growth across consumption baskets 

๐ŸŒธQ4 FY2022-23 Reliance Retail posted record quarterly EBITDA at ₹4,914 crore, up 32.6% Y-o-Y. EBITDA before Investment Income was reported at ₹4,769 crore, a growth of 33% YoY

๐ŸŒธQ4 FY2022-23 Reliance Retail's Net profit for the quarter was ₹2,415 crore, up 12.9% Y-o-Y

๐ŸŒธQ4 FY2022-23 Reliance Retail maintained its store opening trajectory with 966 new store openings taking total count to 18,040 stores; Added 1.7+ Million Sq. ft. of warehouse space

๐ŸŒธQ4 FY2022-23 Reliance Retail recorded highest ever footfalls at 219 million across formats during the quarter; Digital Commerce and New Commerce businesses continued to grow and contributed to 18% of revenue

๐ŸŒธQ4 FY2022-23 Reliance's O2C segment quarterly revenue fell 11.8% Y-o-Y to ₹128,633 crore ($15.7 billion) primarily on account of sharp reduction in crude oil prices and lower price realisation of downstream products.

๐ŸŒธQ4 FY2022-23 O2C EBITDA for the quarter at ₹16,293 crore, up 14.4% Y-o-Y led by strength in transportation fuel cracks, optimized feedstock cost and advantageous ethane cracking economics 

๐ŸŒธO2C Production meant for Sale was 17.1 million tonne for the quarter, down 1.2% Y-o-Y

๐ŸŒธReliance's Oil & Gas segment quarterly revenues jumped 126.9% to ₹ 4,556 ($554 million) on account of higher price realisation coupled with minor increase in the Gas Production.

๐ŸŒธ Oil & Gas EBITDA increased sharply to ₹ 3,801 crore ($463 million), up 144.3% Y-o-Y

๐ŸŒธQ4 FY2022-23 The KG-D6 production for the quarter was 42.9 BCFe, up 13.8% Y-o-Y

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