Consolidated result for the quarter ended June 30, 2022
Strong operating and financial performance across all businesses -Record quarter -Consolidated EBITDA at Rs. 40,179 crore, a growth of 45.8 percent YoY
A record quarterly consolidated PAT of Rs. 19,443 crore, a growth of 40.8 per cent YoY – highest ever quarterly revenue for O2C business even in volatile environment
Retail’s best quarterly revenue at Rs. 58,554 crore, a growth of 51.9 percent YoY – GeoPlatforms’ best quarterly revenue at Rs. 27,527 crore, a growth of 23.6 percent YoY
A Glance at Results (YOY- 1Q FY23 COMPARED WITH 1Q FY22)
Consolidated – R.I.L.
• Total revenue value during the quarter was Rs. 242,982 crore ($30.8 billion USD) a growth of 53%.
• Quarterly EBITDA Rs. 40,179 crore ($5.1 billion USD) an increase of 45.8%
• Net profit during the quarter was Rs. 19,443 crore ($2.5 billion), up 40.8%.
• Cash profit during the quarter was Rs. 31,916 crore ($4 billion US), up 46.2%
• Earnings per share (EPS) during the quarter stood at Rs. 26.5 per share, up 40%
Consolidated – GeoPlatforms Limited (JPL)
Revenue during the quarter rose 23.6 percent to Rs. 27,527 crore (US$ 3.5 billion)
EBITDA increased by 28.5 percent during the quarter to Rs. 11,424 crore (US$ 1.4 billion)
Net profit during the quarter increased by 24.1 percent to Rs. 4,530 crore (US$ 574 million)
Cash profit during the quarter increased by 29 percent to Rs. 10,405 crore (US$ 1.3 billion).
Total customer base 419.9 million as of June 30, 2022
ARPU during the quarter stood at Rs. 175.7 per subscriber per month
Total data traffic during the quarter was 25.9 billion GB, a growth of 27.2 percent.
Consolidated – Reliance Retail
Total revenue during the quarter increased by 51.9 percent to Rs. 58,554 crore (US$ 7.4 billion)
EBITDA increased by 97.8 percent during the quarter to Rs. 3,837 crore (US$ 487 million)
Net profit during the quarter increased by 114.2 percent to Rs. 2,061 crore (US$ 261 million)
Cash profit increased by 105.2 percent during the quarter to Rs. 2,873 crore (US$ 364 million)
Total number of physical stores under operation 15,866, 792 new stores opened during the quarter
The total area under operation was 45.5 million square feet, as against 34.5 million square feet in the corresponding period of the previous year.
Commenting on the results, Mr. Mukesh D., Chairman and Managing Director of Reliance Industries Limited. Ambani said: “Due to geo-political conflicts, the energy market has undergone significant changes and has disrupted traditional business flows. In addition, the resurgence in demand has resulted in tighter fuel markets and improved product margins. The O-to-Sea business performed best despite tight crude markets and high energy and freight costs.
I am also happy about the progress of consumer platforms. In the retail business, we are focusing on increasing consumer touch-points and building a stronger value proposition for our customers. Our strong supply chain infrastructure and sourcing efficiencies are helping to maintain competitive prices of daily necessities, protecting consumers against inflationary pressures.
Customer engagement on our digital services platform has been high. Jio is working on expanding data availability for all Indians and I am happy with the increase in mobility and FTTH customers.
Reliance is committed to investing in India’s energy security. Our new energy business is partnering with technology leaders in the solar, energy storage solutions and hydrogen ecosystems. These partnerships will help realize the vision of clean, green and affordable energy solutions for all Indians.”