- Date : 24/04/2023
- Read: 4 mins
Ready to discover the game-changing Reliance Q4 Results? Investors and insiders are raving about it. Take advantage of it, read now, and stay ahead of the game!
Billionaire Mukesh Ambani-backed Reliance Industries has once again set the standard with its Q4 results for FY23. The company has just announced its earnings report, and investors and industry insiders are buzzing about the impressive figures. With so much excitement surrounding these results, there's no doubt that they're a must-read for anyone looking to stay ahead of the game in the world of business. So, let's take a closer look at what Reliance Q4 results have in store for us and how they're likely to impact the industry.
Reliance Industries (RIL), helmed by the esteemed billionaire Mukesh Ambani, has achieved an impressive double-digit growth in profitability in the March 2023 quarter (Q4FY23). Regarding consolidated profit after tax (PAT), RIL has recorded a remarkable YoY growth of 19.11% and QoQ growth of 22.21%. While the revenue from operations witnessed a modest growth of 2.1%, the notable surge in profitability figures underscores the company's unwavering dominance in the industry.
Share prices of Reliance Industries
(Source: Investing.com)
The chart above shows Reliance Industries' price movement over the past one-year duration. This is a daily candle chart. The table given below presents the performance of share price over a while:
(Source: https://web.stockedge.com/)
Also Read: Nifty might reach the 19,000 mark, and these stocks will help the rise
Financial Highlights:
- Consumer businesses, namely retail and digital services, were the primary drivers of YoY revenue growth in Q4 FY23.
- The growth in revenue for FY23 was spearheaded by the recovery of the oil to chemicals (O2C) sector and the consistent expansion of consumer-based businesses.
- In FY2023, the consolidated EBITDA totalled INR 154691 crore, indicating a notable YoY growth of 23.1%. Robust contributions from digital services primarily drove this remarkable performance and oil to chemicals, oil & gas, and retail segments.
- The company's gross debt as of March 31, 2023, was INR 314,708 crore, reflecting a substantial increase from the previous year's figure of INR 266,305 crore as of March 31, 2022.
Reliance Industries: Oil to Chemicals (O2C) businesses
Due to the significant drop in crude oil prices and decreased downstream product pricing, the oil-to-chemicals industry generated a revenue of Rs 1.29 lakh crore, a decline of almost 11.8% year-on-year and 11.1% on a quarter-on-quarter basis.
During the quarter, there was a 14.4% year-over-year and 17% quarter-over-quarter increase in EBITDA, bringing the total to INR 16293 crore. However, earnings were affected by INR 711 crore due to the special additional excise duty (SAED) on transportation fuels.
Reliance Industries: Digital (Jio Platform Ltd.) businesses
In Q4, Jio Platforms achieved outstanding performance by recording a consolidated quarterly revenue of Rs 29,871 crore, a 14.3% YoY increase. The operating profit, which reached Rs 12,767 crore and grew 16% YoY, also marked the highest ever in a quarter.
The report shows a slight increase in the average revenue per user (ARPU) for the quarter to Rs 178.8, with YoY growth of 7% due to tariff hikes, a better subscriber mix, and data add-ons for select customer groups.
Jio added 29.2 million subscribers, maintaining a stable 2% monthly churn, bringing their customer base to 439.3 million in Q1 FY23.
Reliance Industries: Digital (Jio Platform Ltd.) businesses
Reliance Retail Ventures' combined earnings rose by over 19% YoY to reach a historic Rs 69,267 crore, while their operating profit increased by 33% YoY to a record Rs 4,914 crore.
With 966 new store openings, the retail giant achieved an unprecedented footfall of 219 million across various formats.
Reliance Industries: Oil to Gas (O2G) businesses
Oil and gas business revenue grew 2.2 times YoY to INR 16508 crores in FY23, driven by increased production and higher gas prices. EBITDA also grew by 2.5 times YoY to INR 13,589 crores, while the EBITDA margin improved to 82.3% from 72.8% in FY22.
Reliance Industries impresses with Q4FY23 performance, driven by the recovery in O2C and consumer businesses. The consolidated EBITDA grew by 23.1% YoY, while Jio and retail ventures achieved record operating profits. Additionally, oil and gas businesses saw significant growth in revenue and EBITDA. The high debt can be a concern, but overall, Reliance Industries remains a dominant player in the industry.
Disclaimer: This article is intended for general information purposes only and should not be construed as investment or legal advice. You should separately obtain independent advice when making decisions in these areas.
Billionaire Mukesh Ambani-backed Reliance Industries has once again set the standard with its Q4 results for FY23. The company has just announced its earnings report, and investors and industry insiders are buzzing about the impressive figures. With so much excitement surrounding these results, there's no doubt that they're a must-read for anyone looking to stay ahead of the game in the world of business. So, let's take a closer look at what Reliance Q4 results have in store for us and how they're likely to impact the industry.
Reliance Industries (RIL), helmed by the esteemed billionaire Mukesh Ambani, has achieved an impressive double-digit growth in profitability in the March 2023 quarter (Q4FY23). Regarding consolidated profit after tax (PAT), RIL has recorded a remarkable YoY growth of 19.11% and QoQ growth of 22.21%. While the revenue from operations witnessed a modest growth of 2.1%, the notable surge in profitability figures underscores the company's unwavering dominance in the industry.
Share prices of Reliance Industries
(Source: Investing.com)
The chart above shows Reliance Industries' price movement over the past one-year duration. This is a daily candle chart. The table given below presents the performance of share price over a while:
(Source: https://web.stockedge.com/)
Also Read: Nifty might reach the 19,000 mark, and these stocks will help the rise
Financial Highlights:
- Consumer businesses, namely retail and digital services, were the primary drivers of YoY revenue growth in Q4 FY23.
- The growth in revenue for FY23 was spearheaded by the recovery of the oil to chemicals (O2C) sector and the consistent expansion of consumer-based businesses.
- In FY2023, the consolidated EBITDA totalled INR 154691 crore, indicating a notable YoY growth of 23.1%. Robust contributions from digital services primarily drove this remarkable performance and oil to chemicals, oil & gas, and retail segments.
- The company's gross debt as of March 31, 2023, was INR 314,708 crore, reflecting a substantial increase from the previous year's figure of INR 266,305 crore as of March 31, 2022.
Reliance Industries: Oil to Chemicals (O2C) businesses
Due to the significant drop in crude oil prices and decreased downstream product pricing, the oil-to-chemicals industry generated a revenue of Rs 1.29 lakh crore, a decline of almost 11.8% year-on-year and 11.1% on a quarter-on-quarter basis.
During the quarter, there was a 14.4% year-over-year and 17% quarter-over-quarter increase in EBITDA, bringing the total to INR 16293 crore. However, earnings were affected by INR 711 crore due to the special additional excise duty (SAED) on transportation fuels.
Reliance Industries: Digital (Jio Platform Ltd.) businesses
In Q4, Jio Platforms achieved outstanding performance by recording a consolidated quarterly revenue of Rs 29,871 crore, a 14.3% YoY increase. The operating profit, which reached Rs 12,767 crore and grew 16% YoY, also marked the highest ever in a quarter.
The report shows a slight increase in the average revenue per user (ARPU) for the quarter to Rs 178.8, with YoY growth of 7% due to tariff hikes, a better subscriber mix, and data add-ons for select customer groups.
Jio added 29.2 million subscribers, maintaining a stable 2% monthly churn, bringing their customer base to 439.3 million in Q1 FY23.
Reliance Industries: Digital (Jio Platform Ltd.) businesses
Reliance Retail Ventures' combined earnings rose by over 19% YoY to reach a historic Rs 69,267 crore, while their operating profit increased by 33% YoY to a record Rs 4,914 crore.
With 966 new store openings, the retail giant achieved an unprecedented footfall of 219 million across various formats.
Reliance Industries: Oil to Gas (O2G) businesses
Oil and gas business revenue grew 2.2 times YoY to INR 16508 crores in FY23, driven by increased production and higher gas prices. EBITDA also grew by 2.5 times YoY to INR 13,589 crores, while the EBITDA margin improved to 82.3% from 72.8% in FY22.
Reliance Industries impresses with Q4FY23 performance, driven by the recovery in O2C and consumer businesses. The consolidated EBITDA grew by 23.1% YoY, while Jio and retail ventures achieved record operating profits. Additionally, oil and gas businesses saw significant growth in revenue and EBITDA. The high debt can be a concern, but overall, Reliance Industries remains a dominant player in the industry.
Disclaimer: This article is intended for general information purposes only and should not be construed as investment or legal advice. You should separately obtain independent advice when making decisions in these areas.
