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

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

Details follow…

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

🌸Reliance’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

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

🌸Reliance 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

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

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

🌸The 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

🌸RIL'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.

🌸Q4 FY2022-23 Consolidated EBITDA for the quarter increased by 21.9% Y-o-Y to ₹41,389 crore ($5.0 billion) 

🌸Q4 FY2022-23 Consolidated Profit after tax for the quarter improved by 18.3% Y-o-Y at ₹21,327 crore ($2.6 billion)

🌸Q4 FY2022-23 Jio Platforms' Gross Revenue for the quarter was at a record high of ₹29,871 crore, up 14.3% Y-o-Y

🌸Q4 FY2022-23 Jio Platforms' EBITDA for the quarter was a record ₹12,767 crore, up 16.9% Y-o-Y

🌸Q4 FY2022-23 Jio Platforms' Net Profit for the quarter was ₹4,984 crore, up 15.6% Y-o-Y

🌸Q4 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

🌸Q4 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

🌸Q4 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

🌸Q4 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 

🌸Q4 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

🌸Q4 FY2022-23 Reliance Retail's Net profit for the quarter was ₹2,415 crore, up 12.9% Y-o-Y

🌸Q4 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

🌸Q4 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

🌸Q4 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.

🌸Q4 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 

🌸O2C Production meant for Sale was 17.1 million tonne for the quarter, down 1.2% Y-o-Y

🌸Reliance'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.

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

🌸Q4 FY2022-23 The KG-D6 production for the quarter was 42.9 BCFe, up 13.8% Y-o-Y