"The deep integration and flexibility built into our O2C business model helped mitigate the impact of challenging operating environment. The business was impacted by lower fuel cracks with tepid global demand and ramp-up of new refineries. The oil and gas segment continued its growth trajectory with higher production, offsetting lower year-on-year gas price realizations."
Anshuman Thakur, non-executive director said the following:
5G accounts for 31% of total data traffic.
Fixed wireless business crossed 1 million subscribers.
Air Fibre demand coming from not just tier 1 but tier 2 and 3 cities as well.
Tariff hikes may have some transient impact but will strengthen the overall sector in the long run.
Reliance Retail Q4 Results: Profit Up 11.7%, Revenue At Rs 67,610 Crore
Reliance Jio Q1 Results: Profit, Revenue Rise 2%; ARPU Remains Flat
“Consolidated EBITDA for the quarter improved from a year ago with strong contribution from Consumer and Upstream businesses offsetting weak O2C operating environment... The digital services business registered an impressive financial performance year-on-year, continuing its positive growth momentum.... Retail business delivered robust financial results, as compared to last year, well supported by all consumption baskets."
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Capital expenditure for the quarter ended June 30, 2024, was Rs 28,785 crore.
Reliance Retail Q4 Results: Profit Up 11.7%, Revenue At Rs 67,610 Crore
The ol to chemicals segment includes refining, petrochemicals, fuel retailing, aviation fuel and bulk wholesale marketing. The oil and gas segment includes exploration, development, production of crude oil and natural gas. The retail segment includes consumer retail and range of related services. The digital Services segment includes provision of a range of digital services. Other business segments which are not separately reportable have been grouped under the others segment.
Reliance Industries Ebitda margin stood at 16.7% in the June quarter, compared to 17.9% in the previous quarter.
Reliance Industries Ebitda rose 1.8% to Rs 38,765 crore.
Reliance Jio Q1 Results: Profit Rises 2%, Revenue Up 1%
Reliance Jio's Ebitda margin stood at 52.6% in the first quarter, compared to 52.4% in the previous quarter.
Reliance Jio reported a 2.3% sequential rise in Ebitda at Rs 13,920 crore in first quarter.
Reliance Jio reported a 2% sequential rise in revenue at Rs 26,478 crore in first quarter.
Reliance Jio reported a 2% sequential rise in net profit at Rs 5,445 crore in first quarter.
The oil-to-chemicals business is likely to see a sharp decline in earnings on the back of lower gross refining margin, said ICICI Securities in a report.
Earnings is likely to fall 23% sequentially, with an estimated $4.7 per barrel sequential decline in gross refining margin, the report said. However, that's expected to be offset by higher throughput and better petrochemical spreads.
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Reliance Industries investors' wealth declined by Rs 38,161.18 crore ahead of results announcement.
Meanwhile, IT major Wipro's net profit rose in the first quarter of fiscal 2025, even as its revenue fell slightly during the period. Net profit of the company rose 6% quarter-on-quarter to Rs 3,037 crore in the quarter ended June 30. That compares with the Rs 2,931.21-crore consensus estimate of analysts tracked by Bloomberg.
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India's benchmark stock indices ended their rally by hitting downward trends after a fresh record high for the fourth consecutive session on Friday, weighted down by Reliance Industries and Tata Steel.
The NSE Nifty 50 closed 269.95 points lower, or 1.09%, to end at a 24800.85, and the BSE Sensex lost 738.81 points, or 0.91%, to end at a fresh lifetime closing high of 80,604.65.
Ahead of the results for Nifty 50's largest constituents, Reliance Industries Ltd. and HDFC Banks Ltd. are hinting towards diametrical moves.
First-quarter results for the two constituents commanding a combined weight of over 20% in the index are set to be announced, with Reliance's on July 19 and HDFC Bank's on July 20.
With the second largest weight in the index, Reliance Industries Ltd. is facing the biggest three-day decline in a month.
The 14-week RSI as of the week ended July 12 crossed the 72 mark—the highest in 18 weeks. The last time it crossed this level, it subsequently fell 4.1% to the 50-week exponential moving average.
The stock is down 2% so far this week, and is currently 3.4% above the 50-week EMA.
Read the whole story here.
Reliance Industries Q4 Results: Profit Rises 8.2%
India's primary market could witness yet another mega issue as Mukesh Ambani's Reliance Jio Infocomm Ltd. could potentially be listed in calendar year 2025, according to Jefferies.
The telecom company is focusing on monetisation and subscriber market share gains, by leading the way in the recent tariff hikes while keeping feature phone tariffs unchanged, the brokerage said in a July 10 note.
"These moves create a case for a possible public listing in CY25," said Bhaskar Chakraborty, equity analyst, Jefferies, in the note. Reliance Jio could look to IPO or spin-off Jio, as it did with Jio Financial Services Ltd., it said.
To know more, read here.
A slowdown in the retail business will pull down Reliance Retail Ltd.'s profit by 1% quarter-on-quarter, brokerages said. Still, operating profit is expected to rise 3% to Rs 6,000 crore.
Reliance Jio Infocomm Ltd. is likely to perform better, aided by higher subscriber addition projected at 8 million, and a 0.6% rise in average revenue per user to Rs 182.7, according to ICICI Securities.
Operating profit is expected to rise 2% over a quarter ago.
The oil-to-chemicals of the conglomerate is likely to see a sharp decline in earnings on the back of lower gross refining margin, said ICICI Securities in a report.
Earnings is likely to fall 23% sequentially, with an estimated $4.7 per barrel sequential decline in gross refining margin, the report said. However, that's expected to be offset by higher throughout and better petrochemical spreads.
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