RIL’s Q3 net profit climbed 9% to Rs 17,265 crore and total revenue 3.2% to Rs 248,160 crore ($29.8 billion). Food, apparel & lifestyle, and consumer electronics retail gained 22% YoY. Oil EBITDA jumped 49.6%.
Third-quarter net profit for Reliance Industries Limited grew 9% to Rs 17,265 crore. Company operational revenue remained Rs 2.2 lakh crore.
Due to consumer business development, gross sales climbed 3.2% to Rs 248,160 crore ($29.8 billion).
Strong mobility and household subscriber growth and improved ARPU helped Jio Platforms Limited (JPL) revenue reach 11.4% Y-o-Y. Food (41%), fashion & leisure (28%), and consumer electronics (19%) revenue climbed 22.8% Y-o-Y for Reliance Retail Ventures Limited (RRVL).
Retail’s fast-growing physical and digital footprints have helped it financially. Reliance Retail introduces brands and items to boost customer shopping. Reliance Industries Limited Chairman and Managing Director Mukesh Ambani stated in an exchange filing that its New Commerce activities continue to help millions of small merchants grow through technology, benefiting society.
Oil and Gas segment EBITDA rose 49.6% due to KG D6 block gas and condensate production.
Oil and Gas achieved record quarterly EBITDA. So delighted KG D6 is producing 30% of India’s gas, making it greener and cleaner. Flexible operations and great domestic demand helped O2C. Reliance is the first Indian company to chemically recycle pyrolysis oil into circular polymers for sustainability. A second-half CY24 commissioning of the New Energy Giga Complex. Ambani expressed confidence that Reliance’s New Energy business will lead the global cleaner fuels revolution.
Reliance Industries shares closed Friday flat at Rs 2,735.
Conclusion
Net profit climbed 9% to Rs 17,26
5 crore and gross sales rose 3.2% to Rs 248,160 crore ($29.8 billion) in Q3. Jio Platforms Limited’s mobile and home subscriber growth boosted revenue 11.4% YoY. In food, fashion & lifestyle, and consumer electronics, Reliance Retail Ventures Limited raised 22.8% YoY revenue. Due to KG D6 block gas and condensate production, Oil and Gas EBITDA surged 49.6%. Reliance New Energy will drive global cleaner fuel adoption.
