RIL Q1 Results: Net Dips, Revenue Rises
Reliance Industries (RIL) reported a 4 per cent year-on-year decline in profit despite an 11.5 per cent revenue increase
Reliance Industries (RIL) reported a 4 per cent year-on-year decline in profit despite an 11.5 per cent revenue increase.
Earnings before interest, taxes, depreciation, and amortization (Ebitda) for the quarter rose 2 per cent YoY to Rs 42,748 crore ($5.1 billion). This growth was supported by strong contributions from the Oil & Gas and consumer business segments, which offset weaker performance in the Oil-to-Chemicals (O2C) sector. The Ebitda margin stood at 16.6 per cent, down from 18.1 per cent the previous year.
Jio Platforms and Retail Surge
Jio Platforms achieved a record high PAT of Rs 5,698 crore, with an average revenue per user (ARPU) of Rs 181.70. Reliance Retail reported a profit of Rs 2,549 crore, with over 296 million footfalls, up 19 per cent YoY. The digital and new commerce segments contributed 18 per cent to Retail's total revenue, with the customer base growing to 316 million.
Debt Reduction and Future Prospects
RIL's outstanding debt dropped to Rs 3,04,937 crore in Q1FY25, down from Rs 3,24,622 crore in the previous quarter. Chairman Mukesh Ambani highlighted the company's progress in new energy projects and the robust performance of its digital and retail sectors. He noted that Jio’s True 5G network and expanding retail footprint continue to drive growth.
Strong Performance in Telecom
Reliance Jio Infocomm reported an 11.97 per cent YoY rise in net profit for the June quarter at Rs 5,445 crore, with a 10.33 per cent increase in revenue from operations, reaching Rs 26,478 crore.
Ambani emphasized the strategic integration and flexibility in RIL’s business model, helping to mitigate challenging market conditions and drive sustainable growth through innovative energy solutions and expanded consumer offerings.
