Reliance Q4 Results HIGHLIGHTS: Billionaire Mukesh Ambani-led Reliance Industries reported its Q4 results on Friday, April 21. The Mumbai-based oil-to-conglomerate reported a decline of two per cent in quarterly revenue on a year-on-year basis. Its telecom arm, Reliance Jio Infocomm — which provides telecom services under brand Jio — reported a net profit of Rs 4,716 crore for the three-month period. Follow this space to catch minute-by-minute updates on the Reliance (RIL) Q4 results (January-March 2023) only on Zeebiz.com, along with the management commentary, expert views and much more.
Reliance Q4 Results HIGHLIGHTS: RIL reported a two per cent decline in revenue for the quarter ended March 2023. | Image: Reuters
Reliance Q4 Results HIGHLIGHTS: Reliance Industries Ltd (TCS) — India's largest company by market capitalisation (mcap) — reported its financial results for the January-March 2023 period on Friday, April 21, 2023. The oil-to-telecom conglomerate, Reliance Industries, reported a two per cent decline in revenue for the three-month period compared with the corresponding period a year ago. Its quarterly net profit came in at Rs 19,299 crore, according to a regulatory filing.
Its telecom arm, Reliance Jio Infocomm — which provides telecom services under brand Jio — reported a net profit of Rs 4,716 crore for the three-month period.
Follow this space to catch HIGHLIGHTS of RIL Q4 results (January-March 2023) only on Zeebiz.com, along with management commentary, expert views and much more:
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21 Apr 2023, 8:31 PM (IST)
RIL Q4 RESULTS | Thank you! That's all today on Zeebiz.com's blog
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21 Apr 2023, 8:29 PM (IST)
RIL Q4 Results LIVE | What billionaire Mukesh Ambani says
Here are some highlights:
Jio continues to digitally empower millions of citizens across the nation
With steady growth in mobility and FTTH subscriber base and an expanding bouquet of content and digital services, Jio business continues to deliver impressive growth in operating profits
Retail business registered excellent growth numbers backed by expansion of physical and digital footprint and significant increase in footfall
RIL continues to expand its product base across consumption baskets, ensuring its customers get world-class products at affordable prices
Its retail team has an unwavering focus on enhancing consumer experience, ease of shopping
O2C segment posted its highest-ever operating profit despite global uncertainties and disruptions in commodity trade flows
Oil & gas segment delivered very strong growth, now poised to contribute nearly 30 per cent of India’s domestic gas production
Implementation of RIL's new energy giga factories at Jamnagar making significant progress
21 Apr 2023, 8:27 PM (IST)
RIL Q4 Results LIVE | What Reliance Chairman Mukesh Ambani says
“I am happy to note Reliance’s initiatives in digital connectivity and organised retail are driving greater efficiencies in the economy and contributing to India’s emergence as one of the fastest growing economies in the world," says Mukesh Ambani, Chairman and Managing Director, Reliance Industries.
21 Apr 2023, 8:20 PM (IST)
RIL Q4 Results LIVE | Company says depreciation up 43.2% at 11,456 crore ($ 1.4 billion) vs year-ago period
The conglomerate says that the increase in depreciation is due to an expanded asset base across businesses and higher network utilisation in its digital services business.
21 Apr 2023, 8:18 PM (IST)
Here's a quick guide on RIL's key business segments
Oil to Chemicals business includes refining, petrochem, fuel retailing through Reliance BP Mobility, aviation fuel, bulk wholesale marketing
Oil & gas unit includes exploration, development, production of crude oil and natural gas
retail segment includes consumer retail, range of related services
Digital Services unit includes a range of digital services
Financial services segment comprises management and deployment of identified RIL resources to various activities including NBFC, insurance broking
21 Apr 2023, 8:17 PM (IST)
RIL Q4 Results LIVE | Here's a look at how some of the oil-to-telecom conglomerate's key segments fared on EBITDA front
Oil to chemicals (O2C): Rs 16,293 crore
Oil & gas: Rs 3,801 crore
Retail: Rs 4,925 crore
Digital services: Rs 13,388 crore
Financial services: Rs 106 crore
21 Apr 2023, 8:16 PM (IST)
RELIANCE Q4 RESULTS LIVE | FINANCIAL SERVICES REVENUE DROPS 74.5% TO RS 134 CRORE
21 Apr 2023, 8:14 PM (IST)
Reliance Q4 Results LIVE | Mukesh Ambani says RIL has this year proposed to demerge its financial services arm, list new entity Jio Financial Services
"This gives our shareholders an opportunity to participate in an exciting new growth platform from inception," says Mukesh Ambani, Chairman and Managing Director, Reliance Industries.
21 Apr 2023, 8:11 PM (IST)
RELIANCE Q4 RESULTS LIVE | RETAIL REVENUE AT RS 69,288 CRORE
21 Apr 2023, 8:04 PM (IST)
RELIANCE Q4 RESULTS LIVE | DIGITAL SERVICES REVENUE AT RS 31,373 CRORE
21 Apr 2023, 7:56 PM (IST)
RELIANCE Q4 RESULTS LIVE | OIL & GAS REVENUE AT RS 4,556 CRORE
21 Apr 2023, 7:41 PM (IST)
RELIANCE Q4 RESULTS LIVE | EXPENSES AT RS 1,95,211 CRORE VS RS 1,92,078 CRORE A YEAR AGO
21 Apr 2023, 7:35 PM (IST)
RELIANCE Q4 RESULTS LIVE | CONSOLIDATED REVENUE AT RS 2,16,376 CRORE
21 Apr 2023, 7:30 PM (IST)
RELIANCE Q4 RESULTS LIVE | CONSOLIDATED NET PROFIT AT RS 19,299 CRORE
21 Apr 2023, 6:43 PM (IST)
RELIANCE JIO Q4 | NET SUBSCRIBER ADDITION AT MORE THAN 29 MILLION IN 2022-23
21 Apr 2023, 6:00 PM (IST)
RELIANCE JIO Q4 RESULTS | REVENUE AT RS 23,394 CRORE VS RS 22,998 CRORE IN PREVIOUS QUARTER
RELIANCE Q4 RESULTS LIVE | OIL-TO-CHEM (O2C) REVENUE DOWN 11.8% AT RS 1,28,633 CRORE VS A YEAR AGO
21 Apr 2023, 5:37 PM (IST)
RELIANCE JIO Q4 RESULTS | NET PROFIT AT RS 4,716 CRORE VS RS 4,638 CRORE IN PREVIOUS QUARTER
21 Apr 2023, 4:46 PM (IST)
Reliance Q4 Results Today | RIL profit estimated at Rs 2,16,700 crore, profit at Rs 17,500 crore
According to Zee Business research, the oil-to-telecom conglomerate is estimated to report a quarterly net profit of Rs 17,500 crore and revenue of Rs 2,16,700 crore.
Welcome to Zeebiz.com's blog on Reliance Q4 results today
Follow this space to catch minute-by-minute LIVE updates on RIL Q4 results — including the conglomerate's petrochemicals (O2C), telecom (Reliance Jio) and retail (Reliance Retail) units, what toe make of the management commentary, expert views, and much more, only on Zeebiz.com.