Reliance Industries Ltd Q2 Results FY2023, PAT at Rs. 15512 crores

Reliance Industries Ltd Q2 Results FY2023

by Shreya Anaokar Last Updated: Dec 10, 2022 - 05:04 pm 12.8k Views
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On 21st October 2022, Reliance Industries Ltd announced its second quarter results for the period ending 30th September 2022. 

Q2FY23 Performance updates:

-  Consolidated EBITDA at ₹ 34,663 crores, up 14% YoY led by consumer businesses and upstream
- Net profit at ₹ 15,512 crores, up marginally YoY, earnings were impacted by lower O2C contribution YoY, sharper impact on QoQ
- Robust Retail Revenues and EBITDA with growth across consumption baskets, a sharp rebound in footfalls and strengthening of digital channels
- Record Digital Services segment performance - total subscriber base at 427.6 Mn, improving ARPU

Business Highlights:

- The retail segment reported Revenue up by 43% YoY; EBITDA up by 51% YoY. Total store count crossed 16,000 mark, added 795 new stores in 2Q FY23. Reliance retail Launched JioMart on WhatsApp - 37% of orders from customers new to JioMart.
- The digital services segment reported revenue up by 21% YoY; EBITDA up by 29% YoY. ARPU at ₹ 177.2 with improving subscriber mix. 
- O2C Business segment reported Revenue up by 33% YoY; EBITDA down by 6% YoY. Strong middle distillate cracks with tight supply in Europe on gas to oil switching. Weak polymer margins amid volatile feedstock prices, lower demand; stable polyester chain deltas. Higher crude procurement cost with increased OSPs, freight and insurance.
- Oil and Gas segment Revenue is up by 134% YoY; EBITDA is up 3x YoY. Average gas price realization for KGD6 at $9.9/MMBTU, significantly below avg. Asian LNG price of $ 46 /MMBTU. Production stable at 19 MMSCMD, >20% of India’s domestic gas production

Reliance's share price dropped by 1.54%

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About the Author

Shreya Anaokar is a Content Writer at 5paisa. She has completed her Master’s in Finance and Graduation in Statistics from the University of Mumbai. 


Investment/Trading is subject to market risk, past performance doesn’t guarantee future performance. The risk of trading/investment loss in securities markets can be substantial. Also, the above report is compiled from data available on public platforms.
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