Reliance Q1 Results Updates: Net profit declines 5.4% YoY to ₹15,138 crore, revenue up 11%

Reliance Q1 Results Live: Here are key takeaways from Jio and Reliance Retail -

• Reliance Jio Infocomm, the telecom arm of RIL, posted a higher first-quarter profit due to an increase in subscribers. Jio, India's largest telecom carrier by subscriber count, reported a 12% year-on-year profit growth, reaching ₹5,445 crore.
• Revenue from operations rose by 10%, amounting to ₹26,478 crore during the period.
• Jio added 8 million net subscribers in the first quarter, with a monthly churn rate of 1.7%.
• Reliance's retail business also showed steady performance, with a revenue growth of 8% year-on-year to ₹75,615 crore. Reliance Retail's operational performance was robust, reporting an EBITDA of ₹5,664 crore, a 10% increase year-on-year.
• This growth was primarily driven by increased footfall, expansion of store footprint, and streamlining of operations, which improved margins.

Reliance Q1 Results Live: “The digital services business registered an impressive financial performance year-on-year, continuing its positive growth momentum. Jio’s True 5G network, covering ~85% of India’s 5G capacity, continues to attract users, while the fixed broadband offerings are witnessing increasing consumer traction both in homes and enterprises. The attractive value proposition offered by Jio is enabling more Indians to transition to next-gen data networks. This is further accelerating the digital revolution which is reshaping communications, analytics and computing, media and entertainment and commerce in India. Jio is committed to provide the best-quality state-of-the-art network at most affordable prices globally.”

Reliance Q1 Results Live: The media business reported a loss of ₹221 crore for the quarter, with revenues declining by 3% year-on-year to ₹3,141 crore. This drop was attributed to IPL revenues being spread over two quarters this year.

Entertainment revenue decreased by 5% year-on-year, as IPL matches took place in both the fourth quarter of FY24 and the first quarter of FY25, causing the revenue to be split between these quarters. In contrast, the entire revenue from IPL was recorded in the first quarter of the previous fiscal year.

Reliance Q1 Results Live: The oil and gas business reported a 33% year-on-year increase in first-quarter revenue, reaching ₹6,179 crore, driven primarily by higher volumes, although this was partly offset by lower price realizations from the KG D6 and CBM fields.

EBITDA rose by 30% year-on-year to ₹5,210 crore, while segment margins decreased by 240 basis points to 84.3%.

In the first quarter, the average price realized for KG D6 gas was $9.27 per MMBtu, down from $10.81 per MMBtu in the same quarter the previous year. The average price for CBM gas was $11.59 per MMBtu, compared to $14.15 per MMBtu a year ago.

Reliance Q1 Results Live: “Ubiquitous, high-quality, affordable internet is the backbone of Digital India and Jio takes pride in contributing to this. Our new prepaid plans would foster industry innovation towards 5G and AI and drive sustainable growth. Jio with its superior network and new service propositions would further build its market leadership with a customer first approach.”

Reliance Q1 Results Live: Jio reported that its average revenue per user (ARPU) stayed steady at ₹181.7 sequentially, benefiting from a better subscriber mix. However, this was partially offset by a growing share of promotional 5G traffic, which is offered to subscribers on an unlimited basis and not billed separately. Compared to the previous year, ARPU increased by 0.7%.

Reliance Q1 Results Live: By segment, Jio's digital services division saw a 13% increase in revenue, reaching ₹29,449 crore. This growth was fueled by strong subscriber increases in both mobility and home services.

Reliance Q1 Results Live: “Reliance Retail delivered resilient performance during the period and strengthened its position as India's foremost retailer. The steady expansion and growth of our retail business not only signifies our commitment to customer centricity but also mirrors the resilience and vitality of the Indian growth narrative. We continue to make strides in delivering better retail experiences for our customers as we embrace innovation to improve products, processes, and platforms along with integrating advanced technologies.”

Reliance Q1 Results Live: Here are key highlights from Reliance Retail's June quarter results -

• Business delivered steady performance during the quarter with revenue of ₹ 75,615 crore, up 8.1% Y-o-Y.
• Reported EBITDA at ₹ 5,664 crore which was up by 10.5% Y-o-Y, led by increase in footfalls and expansion of store footprint, streamlining of operations driving margin improvement.
• EBITDA before Investment Income was at ₹ 5,448 crore, a growth of 11.5% YoY.
• Depreciation increased on account of higher asset base due to addition of new stores.
• Finance cost declined on account of repayment of borrowings.

Reliance Q1 Results Live: For the April-June quarter, the company reported quarterly revenue from operations of ₹66,260 crore, marking a 6.6% increase from ₹62,159 crore in the same quarter of the previous financial year.

Reliance Q1 Results Live: Reliance Retail Ventures reported a consolidated net profit of ₹2,549 crore for the quarter ending June 30, 2024, marking a 4.6% increase from ₹2,436 crore in the same period last year.

Reliance Q1 Results Live: Depreciation rose by 15% year-on-year to ₹13,596 crore in the first quarter, driven by an expanded asset base across various businesses, increased network utilization in the digital services sector, a higher number of retail stores, and ramped-up upstream production.

Finance costs also saw a 1% increase year-on-year, reaching ₹5,918 crore, largely due to higher interest rates.

Reliance Q1 Results Live:  Here are key highlights from Reliance Industries' June quarter results -

• Reliance reported consolidated revenues of ₹257,823 crore ($30.9 billion) for the quarter, marking an 11.5% year-on-year increase. This growth was driven by higher oil prices and volumes in the O2C and Oil & Gas segments, alongside steady expansion in consumer businesses.
• The company's consolidated EBITDA rose by 2% year-on-year to ₹42,748 crore ($5.1 billion). Strong performance in the oil & gas and consumer sectors offset weaker results in the O2C segment.
• Profit after tax for Reliance decreased by 4% year-on-year to ₹17,448 crore ($2.1 billion), primarily due to increased depreciation.
• Capital expenditure for the quarter ending June 30, 2024, amounted to ₹28,785 crore ($3.5 billion).
• As of June 30, 2024, Reliance's consolidated net debt was slightly reduced to ₹112,341 crore from ₹116,281 crore as of March 31, 2024. The net debt to EBITDA ratio improved to 0.66, up from 0.76 a year earlier.

Reliance Q1 Results Live: “Consolidated EBITDA for the quarter improved from a year ago with strong contribution from Consumer and Upstream businesses offsetting weak O2C operating environment. Reliance’s resilient operating and financial performance in this quarter underscores the strength of its diverse portfolio of businesses. Importantly, these businesses are contributing significantly to India’s growth, providing vital energy and vibrant channels for digital and physical distribution of goods and services.”

Reliance Q1 Results Live: EBITDA increased by 2% year-on-year (YoY) to ₹42,748 crore. Strong contribution from Oil & Gas and consumer business offset weak O2C.

Reliance Q1 Results Live: Revenue from operations grew by 12% year-on-year, reaching ₹2.36 lakh crore during the reporting period.

Reliance Q1 Results Live: Reliance Industries posted a 5.4 per cent decline in its net profit to   ₹15,138 crore for the June quarter. The same stood at ₹16,011 crore in the year-ago period.

Reliance Q1 Results Live: Reliance Jio Infocomm's expenses for the June quarter rose to ₹26,580 crore, up from ₹26,081 crore in the March quarter and ₹24,127 crore in the same quarter of the previous year. This represents a 10% increase year-over-year and a 2% rise quarter-over-quarter.

Reliance Q1 Results Live: The company's consolidated EBITDA increased to ₹13,920 crore from ₹13,612 crore quarter-on-quarter (QoQ).

Reliance Q1 Results Live: Reliance Jio Infocomm's standalone net profit for Q1 increased by 12% year-on-year to ₹5,445 crore, while its revenue grew by 10% to ₹26,478 crore.

Reliance Q1 Results Live: The retail segment is expected to continue growing, fueled by rising foot traffic and the addition of new stores. EBITDA for the retail sector is forecasted to increase by 16 percent year-over-year. This follows a similar pattern from the previous year, which also experienced significant revenue growth.

Reliance Q1 Results Live: Reliance Industries Ltd (RIL) is anticipated to report modest quarterly earnings growth on July 19, driven by strong performances in its telecom and retail segments, as well as stable oil and gas production.

Reliance Q1 Results Live: Reliance shares ended Friday's trading session in red. The stock finally closed 1.78 per cent lower at ₹3,116.95 ahead of the quarterly results announcement.

Reliance Q1 Results Live: Reliance consolidated net profit for the quarter ended June 2024 is estimated to fall 15.5% to ₹16,022 crore from ₹18,951 crore in the March quarter.

The company reported a consolidated net profit of ₹16,011 crore in the June quarter of last fiscal.

Reliance Q1 Results Live: Consolidated EBITDA is estimated to decline ~8% QoQ (+3% yoy), due to weaker O2C performance, while standalone EBITDA is expected to decline ~15% QoQ on weaker Gross Refining Margin (GRM), according to Kotak Institutional Equities.

Reliance Jio is expected to report ~2% QoQ EBITDA growth, driven by ~9.4 million overall net subscriber additions (versus ~11 million QoQ) and stable ARPU at ₹182 per month.

Reliance Retail is expected to see modest ~2% QoQ EBITDA growth on increased store footprint and operating leverage. Analysts assume ~4% QoQ moderation in E&P EBITDA.

Reliance Q1 Results Live: Sharing his outlook on Reliance share price, Sumeet Bagadia, Executive Director at Choice Broking, said, “Reliance shares will remain strong and an idea buy-on-dips stock till it is trading above ₹3,100. So, those who want to add RIL shares to their portfolio can buy Reliance shares at the current market price for the short-term target of ₹3,250, maintaining a stop loss of ₹3,100.”

Similarly, RIL shareholders are advised to hold the scrip maintaining stop loss at ₹3,100 apiece, Bagadia said.

Reliance Q1 Results Live: Prathamesh Masdekar, Research Analyst at StoxBox expect Reliance to report a mixed set of numbers in Q1FY25, which may see a rise in revenue annually. Still, there could be a sequential decline in operating profit and margin. The company's operational performance is expected to be subdued mainly due to lower refining margins and a slowdown in the retail business.

"Additionally, higher depreciation may impact net profit growth to a low single-digit annually. Reliance will likely see a sharp decline in its OTC segment earnings due to sequential correction in GRMs despite better capacity utilization, petchem pricing and margins. Jio is expected to show steady performance, while the retail segment profitability should be moderate. Increasing store footprint, operating leverage in Reliance Retail, net subscribers' additions from Jio, and better Petchem pricing will contribute to Reliance Industries' performance in Q1FY25," the StoxBox expert said.

Reliance Q1 Results Live: Reliance Industries is expected to report a mixed set of numbers, which may see a year-on-year (YoY) rise in revenue and profit, but there could be a quarter-on-quarter (QoQ) decline in operating profit and margin. EBITDA and net profit for the April-June quarter are estimated to decline sequentially, primarily due to challenges in its oil-to-chemicals (O2C) segment. However, the company’s retail and telecom divisions will deliver strong performance.

Reliance Q1 Results Live: Reliance share price traded over a percent lower on Friday, ahead of the announcement of Q1 results today. Reliance stock was down 1.02% at ₹3138.15 apiece on the BSE. The Dalal Street heavyweight Reliance Industries Ltd, or RIL, is set to declare its Q1 results for 2024 later today. Stock market experts believe Reliance may deliver a mixed set of numbers in Q1FY25. The company is estimated to provide a better number yearly but the earnings may contract sequentially in the first quarter of the current financial year.

Reliance Q1 Results Live: Reliance Q1 results to be announced today

Reliance Q1 Results Live: Reliance Industries Ltd (RIL), the billionaire Mukesh Ambani-led energy-to-telecom-to-retail conglomerate, will announce its Q1 results today. The meeting of the board of directors of the company is scheduled on July 19 to consider and approve the financial results for the quarter ended June 2024.