Reliance Industries Ltd (RIL) Reports Q4 Results: Net Profit Declines 1.8% YoY to ₹18,951 Crore
In its latest quarterly report, Reliance Industries Ltd (RIL) saw a slight dip in net profit, primarily attributed to lower margins in the petrochemicals business and increased tax outgo. Here's a breakdown of the key highlights:
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Financial Performance: RIL reported a consolidated profit of ₹18,951 crore, down nearly 2% from the previous year. Despite this, the company's consolidated revenue for the year surpassed ₹10 trillion, marking a significant milestone for the Indian conglomerate.
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Segment-wise Analysis:
- Oil to Chemicals: The company witnessed a marginal increase in Ebitda for the Oil to Chemicals segment, but Ebitda margin saw a slight decline.
- Retail: RIL's retail division reported steady growth, with an 18% increase in Ebitda and a rise in revenue fueled by store expansions.
- Digital Services: The digital services segment, including Jio Platforms, recorded a 9% growth in Ebitda, with a modest increase in the user base and average revenue per user (Arpu).
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Strategic Outlook: Chairman Mukesh Ambani highlighted the company's focus on cost management and feedstock flexibility amidst challenging market conditions. RIL remains committed to its new energy business, with developments anticipated in the future.
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Market Response: Following the announcement, RIL's stock closed marginally higher on the BSE, reflecting investor confidence despite the dip in net profit.
RIL's Q4 results underscore its resilience and strategic initiatives amidst evolving market dynamics. Despite facing challenges, the company continues to drive growth across its diversified portfolio, laying a strong foundation for future expansion and innovation.