Jio Platforms revenue grew 11.7 percent year-on-year, led by strong subscriber growth in mobility and homes to 42.4 million and mi improvement in ARPU.
Reliance Retail's revenue grew 17.8 percent year-on-year with strong growth across all consumption segments, gross area growth of 15.6 million square feet and record footfall of over Rs 1 billion.
The company's O2C revenue declined by 5 per cent mainly due to lower product price realization following a 13.5 per cent YoY decline in Brent crude oil prices.
This was partially offset by higher volumes, RIL said in a statement.
Despite lower gas price realization from the KG D6 field, revenues from the oil and gas segment grew significantly by 48 per cent primarily due to higher volumes from the KG D6 block.Commenting on the results, Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries Limited, said: "The initiatives of RIL's businesses have significantly contributed to the growth of various sectors of the Indian economy. It is heartening to note that That along with strengthening the country's economy, all sectors have recorded strong financial and operational performance.
"This has helped the company achieve many achievements. I am happy to share that this year, Reliance became the first Indian company to cross the Rs 100,000 crore mark in pre-tax profit."
Ambani said the performance of the digital services sector was boosted by the accelerated expansion of the customer base, supported by both mobility and fixed wireless services.“With over 108 million true 5G customers, Jio truly leads the 5G transformation in India. From helping 2G users upgrade to smartphones, to leading efforts to produce AI-powered solutions, Jio has Has proven its capability in strengthening the digital infrastructure of the country," Ambani said.
Ambani said Reliance Retail continues to provide customers with endless choices through its strong omni-channel presence.
“We continue to provide product differentiation and better offline experience through re-modeling of stores and improving the layout. Our digital commerce platforms also provide new solutions to users with extensive brand catalogues.Reliance Retail also works towards empowering millions of merchants through its unique initiatives. New commerce space,” Ambani said.
Ambani said strong global fuel demand and limited flexibility of the refining system worldwide supported the margins and profitability of the O2 segment. The downstream chemical industry experienced increasingly challenging market conditions during the year.
“Despite the headwinds, we delivered a resilient performance while maintaining leading product positions and feedstock flexibility through our operating model that prioritizes cost management.The KG-D6 block has achieved 30 mmscmd O production and now accounts for 30 per cent of India's domestic gas production, Ambani said.
"We are committed to our projects and initiatives, including the NE Energy segment, which will strengthen the company and help deliver sustainable growth for the future," Ambani said.
On RIL's quarterly performance, gross revenue stood at Rs 2.64 lakh crore (31.8 billion), up 10.8 per cent year-on-year, supported by double-digit growth in O2 and consumer business.
Oil and gas segment revenues grew sharply by 42 per cent with higher volumes from KG D6 block.
EBITDA grew 14.3 percent year-on-year to Rs 47,150 crore ($5.7 billion) driven by strong contribution from all businesses.
Reliance Retail's revenue grew 17.8 percent year-on-year with strong growth across all consumption segments, gross area growth of 15.6 million square feet and record footfall of over Rs 1 billion.
The company's O2C revenue declined by 5 per cent mainly due to lower product price realization following a 13.5 per cent YoY decline in Brent crude oil prices.
This was partially offset by higher volumes, RIL said in a statement.
Despite lower gas price realization from the KG D6 field, revenues from the oil and gas segment grew significantly by 48 per cent primarily due to higher volumes from the KG D6 block.Commenting on the results, Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries Limited, said: "The initiatives of RIL's businesses have significantly contributed to the growth of various sectors of the Indian economy. It is heartening to note that That along with strengthening the country's economy, all sectors have recorded strong financial and operational performance.
"This has helped the company achieve many achievements. I am happy to share that this year, Reliance became the first Indian company to cross the Rs 100,000 crore mark in pre-tax profit."
Ambani said the performance of the digital services sector was boosted by the accelerated expansion of the customer base, supported by both mobility and fixed wireless services.“With over 108 million true 5G customers, Jio truly leads the 5G transformation in India. From helping 2G users upgrade to smartphones, to leading efforts to produce AI-powered solutions, Jio has Has proven its capability in strengthening the digital infrastructure of the country," Ambani said.
Ambani said Reliance Retail continues to provide customers with endless choices through its strong omni-channel presence.
“We continue to provide product differentiation and better offline experience through re-modeling of stores and improving the layout. Our digital commerce platforms also provide new solutions to users with extensive brand catalogues.Reliance Retail also works towards empowering millions of merchants through its unique initiatives. New commerce space,” Ambani said.
Ambani said strong global fuel demand and limited flexibility of the refining system worldwide supported the margins and profitability of the O2 segment. The downstream chemical industry experienced increasingly challenging market conditions during the year.
“Despite the headwinds, we delivered a resilient performance while maintaining leading product positions and feedstock flexibility through our operating model that prioritizes cost management.The KG-D6 block has achieved 30 mmscmd O production and now accounts for 30 per cent of India's domestic gas production, Ambani said.
"We are committed to our projects and initiatives, including the NE Energy segment, which will strengthen the company and help deliver sustainable growth for the future," Ambani said.
On RIL's quarterly performance, gross revenue stood at Rs 2.64 lakh crore (31.8 billion), up 10.8 per cent year-on-year, supported by double-digit growth in O2 and consumer business.
Oil and gas segment revenues grew sharply by 42 per cent with higher volumes from KG D6 block.
EBITDA grew 14.3 percent year-on-year to Rs 47,150 crore ($5.7 billion) driven by strong contribution from all businesses.
