The country's largest private company Reliance Industries will declare the results of the second quarter of the financial year 2024-25 on October 14. The company said in an exchange filing that a board meeting has been scheduled to announce the quarterly and half-yearly results ended September 30.
Before the meeting, today i.e. on Friday (11 October), Reliance shares are trading flat at Rs 2747. The stock has given a negative return of 5% in the last one month. Whereas this year the stock has risen only 6%. It has given returns of more than 17% in one year.
The company's profit in Q1FY25 was down 5.45% on an annual basis.
In the first quarter of the financial year 2024-25, there was a decline of 5.45% in the profits of Reliance Industries on an annual basis. Reliance Industries' profit in the April-June quarter was Rs 15,138 crore. At the same time, in the same quarter a year ago, the consolidated net profit of the company was Rs 16,011 crore.
However, the company's income (revenue) had increased by 12.04% on an annual basis. The company's income in Q1FY25 stood at Rs 2,36,217 crore. The company had generated a revenue of Rs 2,10,831 crore in the same quarter a year ago. The company had released the results after the market closed on Friday, July 19.
The company has four main segments – Oil to Chemical, Oil and Gas, Retail, and Jio. Here we are telling everyone's performance one by one…
1. Reliance Jio: Became the world's largest telecom operator in terms of data usage
- India's No. 1 telecom service provider, Reliance Jio has become the world's largest telecom operator in terms of data usage. About 45 exabytes of data was consumed on Jio's network in the June quarter, which is 33% more than last year.
- Average Revenue Per User (ARPU) is used to measure the performance of telecom companies. Jio's ARPU remained stable at ₹181.7 for the third consecutive quarter. However, the 13-25% tariff hike made last month is likely to increase ARPU in the coming days.
- Reliance Jio Limited has reported a net profit of Rs 5,445 crore in the first quarter of financial year 2024-25. There has been an increase of 12% on annual basis. In the same quarter a year ago (Q1FY-2024), the company had made a profit of Rs 4,863 crore.
2. Reliance Retail: Opened 331 new stores in the first quarter, total stores 18,918
- Reliance Retail saw a record 296 million footfalls in the quarter, up from 249 million in the same period last year. That is, an increase of 18.9% has been recorded in footfall. Reliance Retail opened 331 new stores. The total number of stores reached 18,918.
- The company continued to focus on increasing digital commerce and new commerce and these channels contributed 18% to total revenue. Demand for ACs and refrigerators increased during the summer season. T20 World Cup and IPL increased the demand for TV.
- Reliance Retail's income has registered an increase of 8.10% on an annual basis. The company's revenue from operations was recorded at ₹75,630 crore in the April-June quarter. During the same period last year, the company had registered a revenue of Rs 69,962 crore.
- The company's profit after tax has increased by 4.6% on an annual basis for the quarter ending June 30, 2024. Reliance Retail reported profit after tax of Rs 2,549 crore in the June quarter. It was Rs 2,436 crore in the same quarter a year ago.
3. Reliance Oil to Chemical: Weak performance due to low fuel sales, weak global demand
- The O2C segment reported 18.1% growth in revenue on a year-on-year basis in the first quarter. It stood at ₹1.57 lakh crore in the first quarter. The income in the same quarter a year ago, i.e. Q1FY24, was ₹1.33 lakh crore. Whereas in the previous quarter i.e., Q1FY24 it was ₹1.43 lakh crore.
- In the oil to chemical business, Reliance Industries reported a 14.3% decline in EBITDA for the first quarter at Rs 13,093 crore. The decrease was primarily due to lower fuel sales, weak global demand and increased competition from new refineries entering the market.
- Within the segment, Oil & Gas revenue stood at ₹6,179 crore. It was Rs ₹4,632 crore in the same quarter a year ago. That is, it has increased by 33.4% on annual basis. Whereas in the last quarter the income was Rs 6,468 crore. Higher revenue was primarily due to higher volumes.
Graphics Source: VaskarAssets
