Reliance Industries Limited announced quarterly results, Reliance Jio’s net profit increased by 45 percent, Reliance Industries Limited announced quarterly results, Reliance Jio’s net profit increased by
Mukesh Ambani is the chairman of Reliance Industries
Reliance Industries has declared its quarterly results. Reliance Jio’s net profit up 45 percent in the June quarter to ₹3,651 crore Q1 FY2021-22 Reliance’s consolidated EBITDA stood at ₹27,550 crore. It grew by 27.6% over the previous year and 3.6% over the quarter. The second wave has had minimal impact on the company’s operating and financial performance. O2C and digital services outperformed. Q1FY2021-2 Consolidated EBITDA margin increased by 17.3 (QoQ) to 190 bps. Net profit excluding exceptional items was 66.7% (YoY) ) increased to ₹ 13,806 crore Reliance Industries Digital Services’ quarterly EBITDA reached a record high of ₹ 9,268 crore.
Jio’s net profit jumped 44.9 percent to Rs 3,651 crore. A year ago, it had a net profit of Rs 2,519 crore in the same quarter of 2020-21. Reliance has provided more than 10 lakh free vaccines to its employees and their families to deal with Corona. 98% of eligible employees have received at least one dose of the vaccine
Customers fast connected with Reliance in the telecom industry
Reliance has added the fastest customers in the telecom industry. 40.23 million new customers were added in the last 12 months. Total subscriber base now stands at 44.6 million. Data traffic in the quarter stood at 20 billion gigabytes, or 20 exabytes – a 38.5% increase over the previous year. Total voice traffic in the quarter stood at 1.06 trillion minutes; This is 19.5% higher than last year. The EBITDA of Jio Platforms stood at ₹ 8,892 crore, which is 21.3% higher than last year. Net Profit stood at ₹ 3,651 crore which is 44.9% higher than last year.
Jio Fiber knock in 30 lakh homes
Faced with many challenges, JioFiber has now reached 3 million households and the process is accelerating. The Oil to Chemicals business of Reliance Industries has shown decent growth in EBITDA for the fourth consecutive quarter; EBITDA increased by 60 basis points (QoQ) in the quarter. The demand for oil has increased after a slight improvement in the situation of Kovid in the world. This can be seen in the improved performance of the Oil to Chemicals business of Reliance Industries. Reliance Retail has rapidly pioneered digital commerce to meet the needs of its customers. http://reliancedigital.in posted record sales in the quarter.
The share of retail revenue also increased
20% of retail revenue in the quarter came from the expansion of digital commerce and merchant partnerships. New store openings in progress – 123 stores added during the quarter; Total number of stores now stands at 12,803KG Oil & Gas segment’s EBITDA is highest in last 22 quarters, reaching Rs 797 crores due to increased production in D6. Media business grew 6 times over last year to ₹188 crores ( $2.5 million). Despite the second wave of coronavirus, operating margin stood at 15.5%, the highest level ever.
The capex for the quarter stood at ₹16,684 crore ($2.2 billion). In addition, RJIL spent ₹29,276 crore ($3.9 billion) to buy spectrum. In the quarter, rating agency Fitch has downgraded Reliance Industries’ long-term foreign currency issue default rating to BBB, one of India’s sovereign ratings. The notch is up.
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