Reliance Industries Ltd announces results for Q4 & FY2022-23.
Details follow…
๐ธReliance posts record annual consolidated revenues at ₹976,524 crore ($118.8 billion), up 23.2% YoY, supported by continuing growth momentum across all businesses
๐ธReliance’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
๐ธRecord annual consolidated Profit after Tax at ₹74,088 crore ($9.0 billion), up 9.2% YoY
๐ธReliance Jio extends market leadership in 5G rollout with coverage across 2,300+ cities / towns; Jio has already deployed ~60K 5G sites across 700MHz and 3500MHz bands and is on track to complete pan India rollout by December 2023
๐ธReliance Retail recorded accelerated store opening during the year with 3,300+ new stores taking total retail area to 65.6 million sq ft
๐ธStrong business performance of O2C during the year led by excellence in operations, optimised feedstock cost and supportive product margins
๐ธThe Capital Expenditure for the year was ₹141,809 crore ($ 17.3 billion); Net Debt as on March 31, 2023 was ₹ 110,218 crore ($ 13.4 billion) substantially below the annual EBITDA
๐ธRIL'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.
๐ธQ4 FY2022-23 Consolidated EBITDA for the quarter increased by 21.9% Y-o-Y to ₹41,389 crore ($5.0 billion)
๐ธQ4 FY2022-23 Consolidated Profit after tax for the quarter improved by 18.3% Y-o-Y at ₹21,327 crore ($2.6 billion)
๐ธQ4 FY2022-23 Jio Platforms' Gross Revenue for the quarter was at a record high of ₹29,871 crore, up 14.3% Y-o-Y
๐ธQ4 FY2022-23 Jio Platforms' EBITDA for the quarter was a record ₹12,767 crore, up 16.9% Y-o-Y
๐ธQ4 FY2022-23 Jio Platforms' Net Profit for the quarter was ₹4,984 crore, up 15.6% Y-o-Y
๐ธQ4 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
๐ธQ4 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
๐ธQ4 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
๐ธQ4 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
๐ธQ4 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
๐ธQ4 FY2022-23 Reliance Retail's Net profit for the quarter was ₹2,415 crore, up 12.9% Y-o-Y
๐ธQ4 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
๐ธQ4 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
๐ธQ4 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.
๐ธQ4 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
๐ธO2C Production meant for Sale was 17.1 million tonne for the quarter, down 1.2% Y-o-Y
๐ธReliance'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.
๐ธ Oil & Gas EBITDA increased sharply to ₹ 3,801 crore ($463 million), up 144.3% Y-o-Y
๐ธQ4 FY2022-23 The KG-D6 production for the quarter was 42.9 BCFe, up 13.8% Y-o-Y
