This Live Blog Session has ended. Stay tuned to MoneyControl for more updates.
RIL Q4 Results LIVE Updates | RIL Q4 results in numbers
RIL Q4 Results LIVE Updates | Despite ongoing challenges, RIL delivered robust performance in FY2021-22: Mukesh Ambani
Mukesh Ambani, CMD, Reliance Industries: “Despite the ongoing challenges of the pandemic and heightened geo-political uncertainties, Reliance has delivered a robust performance in FY2021-22.”
“Over the past year, we added over 2.1 lk new employees across our businesses with our consumer & technology biz creating a large part of these new jobs. I am pleased to report that our Retail biz has crossed 15,000 store benchmark,” he said.
Adding more he said, “I am confident that Reliance will create sustainable and affordable new energy solutions for India to help her meet growing energy needs, while ensuring that we achieve our ambitious target of Net Carbon Zero by 2035.”
RIL Q4 Results LIVE Updates | Crossed 15K retail stores, opened 7 a day in FY22, says RIL
Briefing the press conference, soon after announcing the Q4 reuslt, Reliance Industries’joint chief financial officer Shrikanth Venkatachari said that RIL crossed 15,000 retail stores and opened 7 a day in FY22.
Adding more, he said that JioFibre has become the largest broadband in India within 2 years of launch.
Reliance Jio Q4 net profit rises 13.6% QoQ to Rs 4,313 crore, ARPU grows to Rs 167.6
Reliance Industries’ subsidiary Reliance Jio Infocomm on May 6 reported a 13.6 percent quarter-on-quarter increase in net profit at Rs 4,313 crore for the quarter ended March, which was below the CNBC-TV18 poll of Rs 4,400 crore. The year-on-year growth in bottomline was 22.9 percent.
The company’s revenues for the quarter grew 8 percent sequentially and 21.8 percent year-on-year to Rs 22,261 crore, which was higher than the CNBC-TV18 poll of Rs 20,800 crore.
The country’s largest telecom operator reported higher-than-expected revenues on the back of benefits from tariff hikes taken by the industry last year.
The revenue growth was driven by higher ARPU (average revenue per user) and ramp-up of wireline services, said Jio.
ARPU of Rs 167.6 per month saw a healthy 21.3 percent growth on a YoY basis and 10.5 percent growth on a QoQ basis led by tariff hike, better subscriber mix, and ramp-up of FTTH services, it added.
READ MORE HERE
RIL Q4 Results LIVE Updates | Our 5G network is ready for pan India rollout, says RIL
Briefing the press conference, soon after announcing the Q4 reuslt, Reliance Industries’joint chief financial officer Shrikanth Venkatachari said, “Our 5G network is ready for pan India rollout.”
On Oil to Chemical earnings, he said, “O2C was firm despite volatility caused due to the Ukraine conflict. Strength in fuel cracks offset by the weakness in the downstream chemical margins and high energy cost.”
Adding more on the fuel crisis, he said, “Domestic retail prices of petrol & diesel prices have not increased in line with rising international prices. This has led to under-recoveries since February 2022 for the entire fuel retailing industry including our joint venture, Jio-BP. Under-recoveries adversely impacts both the existing operations and the appetite to invest in the sector.”
RIL Q4 Results LIVE Updates | Happy with progress in new energy, new materials business, says Mukesh Ambani
Mukesh Ambani, CMD, Reliance Industries: “I am particularly happy with the progress in New Energy and New Materials business. We are forging ahead with the development of our New Energy Giga Factories complex across 5,000 acres in Jamnagar.
I am confident that Reliance will create sustainable and affordable new energy solutions for India to help her meet growing energy needs, while ensuring that we achieve our ambitious target of Net Carbon Zero by 2035.”
RIL Q4 Results LIVE Updates | RIL’s oil, chemical revenue for Q4 rise to Rs 1.46 lakh crore
RIL’s oil and chemical revenue for Q4 rise to Rs 1.46 lakh crore against Rs 1.31 lakh crore reported in the December quarter. Its EBITDA came in at Rs 12,386 crore against Rs Rs 11,667 crore, reported in the December quarter. The EBITDA margin stood at 8.5% Vs 8.9% (QoQ).
RIL Q4 Results LIVE Updates | RIL’s FY22 gross revenue crosses $100 billion, first Indian company to achieve feat
RIL Q4 Results LIVE Updates | Reliance Retail Q4 revenue rises to Rs 58,019 cr vs Rs 57,717 cr
Reliance Retail Q4 revenue rose to Rs 58,019 cr vs Rs 57,717 cr in the previous quarter. It EBITDA came in at Rs 3,712 crore against Rs Rs 3,835 crore, reported in the December quarter. The EBITDA margin stood at 6.4% Vs 6.6% (QoQ).
RIL Q4 Results LIVE Updates | RIL Q4 results top takes
1) Revenue at Rs 7.93 lakh crore, (past $100 bn); Net at Rs 67,845 crore
2) Digital Services Revenue at Rs 100,000 crore
3) Retail revenue nearly Rs 200,000 crore
4) Consumer Business Gross Revenue near Rs 3 lakh crore
5) O2C EBITDA at Rs 52,722 crore, near pre-Covid level
RIL Q4 Results LIVE Updates | Consolidated revenue of RIL for Q4 stands at Rs 2.07 lakh crore
The consolidated revenue of RIL for Q4 stood at Rs 2.07 lakh crore vs CNBC-TV18 polls of Rs 2.20 lakh crore. While the EBIDTA stood at Rs 31,366 crore vs CNBC-TV18 polls of Rs 32,400 crore. Also, the consolidated EBIDTA Margin was reported 15.13% vs CNBC-TV18 polls of 14.7%.
