Reliance Industries (RIL) on Friday reported a consolidated net profit of Rs 19,299 crore for the quarter that ended March 31, 2023. This is nearly 19 per cent higher than the net profit of Rs 16,203 crore clocked in the year-ago period. 


Meanwhile, Reliance Jio, the telecom arm of Mukesh Ambani's Reliance Industries Ltd, reported a 13 per cent rise in profit for the fourth quarter that ended March 2023, led by the sustained growth in its user base. Its revenue from operations in the reported quarter increased by about 12 per cent to Rs 23,394 crore from Rs 20,945 crore in the March 2022 quarter.


Reliance Retail, the retail division of global conglomerate Reliance Industries, saw a net profit increase of 12.9 per cent year over year (YoY) to Rs 2415 crore, the company's exchange filing showed.


RIL Chairman and Managing Director Mukesh Ambani said, "I believe Reliance’s significant investments and strategic partnerships in the renewable energy vertical will help transform the energy landscape of India and the world, in the coming years. This year we have proposed to demerge our financial services arm and list the new entity–Jio Financial Services Ltd. This gives our shareholders an opportunity to participate in an exciting new growth platform from inception."


The country's most valuable firm reported revenue from operations of Rs. 2,16,376 crore, up 2.11 per cent from Rs. 2,11,887 crore in the same period last year. Stronger revenue and improved margins in the category of digital services contributed to an increase in EBITDA of 21.8 per cent year over year (YoY) to Rs 41,389 crore ($5 billion).


Reliance Jio Q4


Reliance Jio Infocomm, the telecom subsidiary of Reliance Industries, on Friday, reported a 13 per cent increase in net profit to Rs 4,716 crore for the fourth quarter that ended March 31, 2023, compared to a net profit of Rs 4,173 crore in the year-ago period, the company said in a regulatory filing.


Jio's revenue from operations climbed by nearly 12 per cent to Rs 23,394 crore in the reported quarter from Rs 20,945 crore in the quarter ending March 2022. In Q3 it stood at Rs 22,998 crore. 


The company's net profit increased by almost 23 per cent to Rs 18,207 crore during the fiscal year that ended on March 31, 2023, from Rs 14,817 crore in 2021–2022.


In the fiscal year 2022-23, operating revenue increased by roughly 18 per cent to Rs 90,786 crore from Rs 76,977 crore in 2021–2022.


The company's earnings before interest, taxes, depreciation, and amortisation (EBITDA), was Rs 12,210 crore, up 2 per cent quarter-on-quarter (QoQ) and 16 per cent year on year (YoY) EBITDA margin was 52.2 per cent, up 1.7 per cent year over year and unchanged on a quarterly basis. In the same quarter of the prior fiscal year, EBITDA was Rs 10,554 crore.


"5G has led to a significant improvement in customer experience, reflected in the higher engagement levels among Jio users. Jio remains committed to build a robust digital society with tailormade technology platforms which will drive sustained growth in earning and value for all stakeholders, "Reliance Jio Infocomm Chairman Akash Ambani said.





In the three months that ended in March 2023, Reliance Retail, the retail division of global conglomerate Reliance Industries, saw a net profit increase of 12.9 per cent year over year (YoY) to Rs 2415 crore.


According to the corporation, gross revenue reached Rs 69,267 crore, up 19.4 percent YoY from Rs 58,017 crore in the same quarter previous year.


“Reliance Retail continues on the path of registering industry leading growth year after year at a scale unmatched in India…Our focus on customer-centricity backed by investments in technology, innovation and new business segments have helped us create operational excellence and steer the transformation of India’s retail sector, "Reliance Retail Ventures Executive Director Isha Ambani said.


Oil To Chemical Q4 


The oil-to-chemicals business reported revenue of Rs 1.29 lakh crore, down nearly 12 per cent on year, primarily on account of a sharp reduction in crude oil prices and lower price realisation of downstream products.


Operating profit for the quarter improved by 14.4 per cent year on year to Rs 16,293 crore, with the margin expanding 290 basis points to 12.7 per cent, led by strength in transportation fuel cracks, optimized feedstock cost, and advantageous ethane cracking economics.


The company said that access to the global market and the ability to place products to end consumers helped in realising better margins. Souring of advantageous crude/feedstock from outside the region, given the volatility and constraints, lower fuel mix cost due to improved Gasifiers availability added to the margins. The introduction of SAED on transportation fuels adversely impacted earnings by Rs 6,648 crore on full-year basis.