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PremiumReliance Q4 Results Updates: RIL, headed by billionaire Mukesh Ambani, posted its fourth quarter financial results on April 22. The conglomerate reported a 1.8% decrease in its net profit to ₹18,951 crore compared to the previous year. However, revenue saw an 11% increase, reaching ₹240,715 crore for the quarter ending on March 31, 2024. Furthermore, EBITDA experienced a year-on-year growth of 16.1%, reaching ₹178,677 crore.
The conglomerate also announced an interim dividend ₹10 per equity share for the financial year ended March 31, 2024.
Reliance Q4 Results Live: Reliance Industries Ltd (RIL) has achieved a significant milestone by becoming the first Indian company to surpass the ₹1 lakh crore mark in pre-tax profits. Its net profit for the fiscal year saw a seven percent increase to ₹79,020 crore compared to the previous year. Additionally, the company reported a record annual consolidated revenue exceeding ₹10 lakh crore, primarily propelled by sustained growth in consumer and upstream businesses.
Reliance Q4 Results Live: “We expect gas prices to be more stable going forward and supported by demand: Sanjay Roy, Senior VP, Production and Exploration. We don't expect any substantial LNG capacity addition till onset of winter 2024," said Sanjay Roy, Senior VP, Production and Exploration.
Reliance Q4 Results Live: "For Jio Mart, our focus was to increase average order values, which were up 30% on a year by year basis, as well as increase the number of units per order, which is up 37% YoY basis. We also continue to enhance the functionalities of the platform to improve the shopping experience for the customer."
Reliance Q4 Results Live: “Acquisitions and partnerships continues to be a core part of our strategy for our consumer brands business. During the quarter we completed the acquisition of IP rights and trade, including trademarks and recepies for Ravalgaon."
Reliance Q4 Results Live: JioMart maintained a consistent performance throughout the quarter, marked by a 94% year-on-year increase in its seller base and a 32% year-on-year rise in live selection. The platform experienced growth in both sessions and Gross Merchandise Value (GMV), driven by sales events such as 'Holi Ready' and 'Republic Day'.
Reliance Q4 Results Live: “Strong demand for fuels globally, and limited flexibility in refining system worldwide, supported margins and profitability of the O2C segment. Downstream chemical industry experienced increasingly challenging market conditions through the year. Despite headwinds, maintaining leading product positions and feedstock flexibility through our operating model that prioritises cost management, we delivered a resilient performance. The KG-D6 block has achieved 30 MMSCMD of production and now accounts for 30% of India’s domestic gas production."
Reliance Q4 Results Live: Here are key highlights from O2C segment quarterly and annual performance -
Reliance Q4 Results Live: Here are key highlights from RIL's media business -
Reliance Q4 Results Live: Here are the key highlights from oil and gas quarterly performance -
Reliance Q4 Results Live: “Reliance Retail continued to provide customers endless choices through its robust omni-channel presence. We continue to offer product differentiation and superior offline experience through stores remodelling and revamping of layouts. Our digital commerce platforms also provide newer solutions to users with a broad brand catalogue. Reliance Retail also works towards strengthening millions of merchants through its unique initiatives in new commerce space."
Reliance Q4 Results Live: “Reliance Retail continues to deliver steady performance led by growth across consumption baskets. We continue to invest and innovate across formats and products to improve our customer value proposition and serve evolving consumer needs. Robust expansion and growth of our retail business signifies our commitment to customer centricity and confidence in India’s consumption story."
Reliance Q4 Results Live: Here are key highlights from Reliance Retails' quarterly performance for Q4 FY24 -
Reliance Q4 Results Live: Reliance Retail continues its strong track record of profit growth registering an EBITDA of ₹23,040 crore, higher by 28.5% YoY for the year FY24.
During the year, EBITDA margin on net sales continued to show improvements and was at 8.4%, up +60 bps YoY
Reliance Q4 Results Live: Reliance Retail delivered resilient performance with another year of strong revenue growth and profit. The business recorded Gross Revenue of ₹3,06,786 crore for the year FY24, a growth of 17.8% over last year.
Reliance Q4 Results Live: Reliance Retail Ventures Ltd, the retail subsidiary of Reliance Industries Ltd, reported an 11.7 percent increase in its net profit for the quarter ending March 31, 2024, compared to ₹2,415 crore recorded in the same period last year.
Reliance Q4 Results Live: “Performance of the digital services segment has been boosted by accelerated expansion of subscriber 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 upgrading the hitherto 2G users to smartphones, to leading the effort of producing AI-driven solutions, Jio has proved its capability in strengthening the nation’s digital infrastructure."
Reliance Q4 Results Live: "Jio continues to maintain its network leadership and offer innovative digital solutions to multiple customer cohorts. This is driving consistent outperformance in terms of subscriber additions and engagement levels. Continued acceleration in growth of JioAirFiber subscriber base and ramp-up of digital services will sustain industry-leading growth for Jio."
Reliance Q4 Results Live: Jio has rolled out its True5G network across India, with 108 million+ subscribers migrated to Jio’s 5G network. The Jio True 5G network now carries ~28% of Jio’s wireless data traffic, with the entire 5G data being carried on Jio’s own 5G+4G combo core.
Reliance Q4 Results Live: Jio's average revenue per user (ARPU) stood at ₹181.7, benefiting from a more favorable subscriber mix, although this was partially offset by a growing proportion of promotional 5G traffic. This 5G traffic is currently provided unlimited to subscribers and has not yet been charged separately.
Reliance Q4 Results Live: RIL's gross revenue was also up 2.6 per cent year-on-year (YoY) to ₹1,000,122 crore supported by continued growth momentum in consumer businesses and upstream business.
Reliance Q4 Results Live: “Initiatives across RIL’s businesses have made a remarkable contribution towards fostering growth of various sectors of the Indian economy. It is heartening to note that alongside strengthening the national economy, all segments have posted a robust financial and operating performance. This has helped the Company achieve multiple milestones. I am happy to share that this year, Reliance became the first Indian company to cross the ₹ 100,000-crore threshold in pre-tax profits."
Reliance Q4 Results Live: The conglomerate also reported in surge in EBITDA by 16.1% YoY to ₹178,677 crore ($21.4 billion), driven by favorable performances across all primary operating segments.
Reliance Q4 Results Live: RIL disclosed an 11 per cent increase in consolidated revenue from operations, amounting to ₹240,715 crore for the quarter concluded on 31st March 2024. This figure marks a significant rise from the ₹2.16 lakh crore revenue reported in the corresponding period of the previous year.
Reliance Q4 Results Live: Mukesh Ambani-led conglomerate posted ₹18,951 crore as net profit for Q4 FY24.
Reliance Q4 Results Live: The telecom arm of RIL is said to be in line with the market estimates. It posted its ts standalone net profit to ₹5,337 crore for the quarter ending on March 31, 2024. This figure closely aligned with market estimated profit of ₹5,330 crore.
Reliance Q4 Results Live: Reliance Jio has announced the resignation of Sanjay Mashruwala, aged 76, from his position as Managing Director, effective June 9, 2024. Pankaj Mohan Pawar will continue to serve as the Managing Director of the company.
Reliance Q4 Results Live: Reliance Jio is set to reveal its average revenue per user (ARPU), a vital metric for assessing telecom companies' performance, alongside subscriber additions, concurrent with parent RIL's results.
Reliance Q4 Results Live: Here are key numbers to note from Reliance Jio's Q4 FY24 results -
Reliance Q4 Results Live: In the fourth quarter, Jio recorded revenue at ₹25,959 crore, marking an 11% year-on-year increase from ₹23,394 crore. In the previous quarter, from October to December 2023, revenue was at ₹23,394 crore.
Reliance Q4 Results Live: The telecom company also posted a 2.3 per cent quarter-to-quarter (QoQ) rise in its revenue from operation for Q4 FY24. Meanwhile, EBITDA saw 2.5 per cent QoQ increase to ₹13,612 crore.
Reliance Q4 Results Live: RIL's telecom arm Reliance Jio posted a 13 per cent rise in its net profit at ₹5,337 crore.
Reliance Q4 Results Live: According to analysts, Mukesh Ambani-led conglomerate is likely to announce Jio tariff hikes and IPO plans in the near future.
According to data from the Telecom Regulatory Authority of India (TRAI), the company gained 4.17 million subscribers in January and 359 million in February.
Reliance Q4 Results Live: The share price of RIL has gained nearly 30.92 per cent in the last six months and has grown over 25.65 per cent in the last one year on NSE.
Reliance Q4 Results Live: During the October-December 2023 quarter, RIL reported a consolidated profit after tax (PAT) increase of 10.9%, reaching ₹19,641 crore, compared to ₹17,706 crore in the corresponding quarter of 2022. Over the first three quarters of the fiscal year 2023-24 (April-December), the company's profit after tax rose from ₹52,443 crore to ₹57,777 crore.
Reliance Q4 Results Live: The share price of Reliance Industries ended 0.77 per cent higher on Monday's trading session at ₹2,962 per share ahead of the announcement of Q4 results.
Also read: Q4 Results Today: Reliance, Mahindra Logistics among 22 companies to post Q4 earnings on April 22
Reliance Q4 Results Live: Reliance share price is trading 0.71 per cent higher on Monday's trading session at ₹2,961, as compared to previous close at ₹2,940 per share.
Reliance Q4 Results Live: JM Financial expects Reliance O2C EBITDA to rise 11.8% QoQ to ₹157 billion due to improvement in GRM to ~$11.2/bbl (vs implied GRM of ~$10/bbl in 3QFY24) driven by improved diesel and petrol cracks; further, it was also aided by higher refining throughput though petchem margin is expected to remain subdued.
E&P EBITDA is estimated to decline 6.8% QoQ to ₹54 billion due to a rise in profit sharing with govt as per PSC while gas output and price (USD 9.96/mmbtu for 2HFY24) is expected to be largely flattish QoQ.
Digital EBITDA is expected to grow by 2.6% QoQ to ₹146 billion on account of robust net subs additions of ~10.5 million QoQ, aided by a slight improvement in ARPU to ₹182.5 (from ₹181.7 in 3QFY24).
Retail EBITDA is likely to grow by only 0.4% QoQ to ₹63 billion on a high base of 3QFY24 (on account of strong festive sales in 3QFY24.)
Reliance Q4 Results Live: Expect consolidated EBITDA to remain flat YoY and standalone EBITDA to rise 1% YoY. Expect production meant for sale at 17.1 mmt, flat YoY. EBITDA/mt is estimated to drop 10% YoY to $91. Further clarity on ₹750 billion announcements in the new energy business, growth in Retail store additions, and any pricing action in Telecom are the key monitorable, said Motilal Oswal.
Reliance Q4 Results Live: Reliance is likely to see a sharp jump in its OTC segment earnings QoQ with an estimated $1 per barrel QoQ improvement in GRMs, better petchem spreads and higher refining throughput (Q3 had a shutdown at some refinery units). Reliance Jio may deliver ~2% QoQ rise in EBITDA, with Reliance Retail EBITDA growing 1.4% QoQ. Overall, consolidated EBITDA may jump 5% QoQ and PAT can rise ~6% QoQ in Q4FY24E, as per ICICI Securities.
Reliance Q4 Results Live: Reliance Industries’ consolidated revenue in Q4FY24 is expected to grow 4.6% to ₹2,35,475.3 crore from ₹2,25,086 crore, QoQ, while its net profit may rise 3.6% to ₹17,882.7 crore from 17,265 crore, QoQ, as per JM Financial estimates. Consolidated EBITDA is expected to increase 3.6% QoQ to ₹42,115.9 crore, while EBITDA margin mat drop by 18 bps to 17.9%, QoQ.
Reliance Q4 Results Live: Nuvama Institutional Equities anticipates 8% YoY surge in Reliance Industries EBITDA (+2% QoQ) on account of strong performance across all verticals except O2C. It expects O2C EBITDA to fall 8% YoY (+6% QoQ) on weak refining and petchem. Benchmark Singapore GRMs have fallen 10% YoY (+ 37% QoQ) on weak global product cracks. Nuvama expects RIL ONG's EBITDA to rise ~41% YoY (-8% QoQ) on increased production from KG-D6 block offset by 20% YoY dip in deepwater gas prices (flat QoQ). Retail EBITDA is likely to remain strong (up 28% YoY and 1% QoQ) on higher footfalls. JIO's EBITDA is likely to surge 13% YoY and 4% QoQ on a high subscriber base (up 9% YoY/2% QoQ). ARPU shall likely rise by 3% YoY/ 2% QoQ
Reliance Q4 Results Live: Reliance share price has gained 14% year-to-date (YTD) and over 25% in the past one year. RIL shares are up over 8% in three months.
Reliance Q4 Results Live: Reliance Jio is expected to report revenue of ₹25,990 crore, up 2.4% QoQ and EBITDA of ₹13,760 crore, up 3.6% QoQ, as per Prabhudas Lilladher estimates. It has factored in ARPU of ₹182, which is likely to be flat QoQ and subscriber addition of 10.2 million in Q4 to 481.1 million.
Reliance Q4 Results Live: Reliance Retail EBITDA is likely to grow in the range of 0.4% to 1% QoQ during Q4FY24 on a high base of Q3FY24, on account of strong festive sales in 3QFY24. However, higher footfalls are expected to support retail segment earnings.
Reliance Q4 Results Live: Reliance Digital’s operating performance is expected to improve as EBITDA may grow by 2.6% QoQ to ₹14,600 crore on account of robust net subscriber additions of around 10.5 million QoQ, aided by slight improvement in average revenue per user (ARPU) to ₹182.5 from ₹181.7 in Q3FY24, as per JM Financial estimates.
Reliance Q4 Results Live: Reliance O2C EBITDA is expected to rise 11.8% QoQ to ₹15,700 crore due to improvement in GRM to $11.2 per barrel versus implied GRM of $10 per barrel in Q3FY24 driven by improved diesel and petrol cracks; it was also aided by higher refining throughput though petchem margin is expected to remain subdued, as per JM Financial. E&P EBITDA is likely to decline 6.8% QoQ to ₹5,400 crore due to rise in profit sharing with government as per PSC while gas output and price are expected to be largely flattish QoQ.
Reliance Q4 Results Live: Reliance Industries is likely to see a sharp jump in its Oil-to-Chemical (OTC) segment earnings on a sequential basis with an estimated $1 per bbl QoQ improvement in gross refinery margins (GRMs), better petchem spreads and higher refining throughput.
Reliance Q4 Results Live: Reliance Industries’ profitability is expected to improve sequentially on better O2C earnings. Reliance Jio and Reliance Retail are also expected to continue to deliver robust performance, while E&P should witness steady realization. Going ahead, key things to look for in Reliance Q4 results today is the margin outlook in refinery and petchem businesses.
Reliance Q4 Results Live: Reliance Industries is estimated to report strong growth in revenue along with operational performance in the fourth quarter of FY24 driven by its telecom and retail businesses. Reliance Industries’ Oil-to-Chemical (O2C) segment is also expected to see a sharp rebound in Q4 over gross refinery margins (GRMs).
Reliance Q4 Results Live: Reliance share price traded higher ahead of the announcement of Q4 results today. Reliance shares opened higher at ₹2,950.00 apiece on the BSE on Monday, as against previous close of ₹2,941.60. It hit an intraday high of ₹2,952.05 so far and a low of ₹2,936.60 per share. At 10:35 am, Reliance share price was trading 0.24% higher at ₹2,948.80 apiece.
