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
Listen icon

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%
 

Share Market Today


How do you rate this article?

Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage

378X91-D3

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. 

Disclaimer

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.
Open Free Demat Account
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest News
What you must know about M.V.K. Agro Food IPO?

M.V.K. Agro Food Product IPO was incorporated in the year 2018 to manufacture integrated sugar and other related products. M.V.K.

Juniper Hotels IPO Subscribed 2.08 times

The stock of Juniper Hotels IPO has a face value of ₹10 per share and the price band for the book building IPO has been set in the range of ₹342 to ₹360 per share. The IPO of Juniper Hotels Ltd will entirely a fresh issue of shares with no offer for sale (OFS) component.

Esconet Technologies IPO Lists 245.24% higher, but closes at -5% lower circuit

Bumper listing for Esconet Technologies IPO, then lower circuit