Reliance Industries has made a profit of Rs 16,563 crore in the second quarter of the financial year 2024-25. There has been a decline of 4.77% on annual basis. In the same quarter a year ago, the company's consolidated net profit was Rs 17,394 crore.
At the same time, the company's income in the July-September quarter was Rs 2,35,481 crore. In the same quarter a year ago, the company had generated a revenue of Rs 2,34,956 crore. There has been a slight increase of 0.22% on annual basis. The company has today (October 14) released the results for the second quarter of the financial year 2024-25.
EBITDA means Earning Before Interest, Tax, Depreciation and Amortization.
EBITDA is the total earnings of a company, which does not include the costs incurred in paying interest, taxes, compensating the decline in the value of assets or machines and repaying old loans or debts.
EBITDA tells the operation of a company or firm or the state of its operations. It is usually used by companies to evaluate their business. Costs or expenses are not taken into account in calculating this.
EBITDA margin tells the percentage of company's revenue.
EBITDA margin tells the percentage of a company's revenue, which measures the growth of its operations. By knowing the EBITDA margin of a company, its real performance can be compared with other companies in the same industry.
The company has four main segments – Jio, Retail, Oil to Chemical and Oil and Gas. Here we are telling everyone's performance one by one…
1. Reliance Jio:
- Net profit increased by 14% year-on-year to Rs 6,231 crore. It was Rs 5,445 crore in the same quarter last year.
- The revenue of the telecom company increased by 7.0% on annual basis to Rs 28,338 crore. Last year in July-September it was Rs 26,478 crore.
- The company's EBITDA increased by 8% annually to Rs 15,036 crore. It was Rs 13,920 crore in the same quarter last year. Whereas the margin was 53.1%.
2. Reliance Oil to Chemical:
- Revenue increased by 5.1% year-on-year to Rs 155,580 crore.
- Exports fell 15.7% year-on-year to Rs 70,631 crore.
- EBITDA stood at Rs 12,413 crore, down 23.7% YoY.
- The EBITDA margin of the oil to chemical company declined by 300 bps to 8% from 11% last year.
3. Reliance Retail:
- Reliance Retail's revenue declined by 3.5% year-on-year to Rs 66,502 crore.
- Net profit increased by 1.3% to Rs 2,836 crore compared to the second quarter of the financial year 2023-24.
- The EBITDA of the retail company increased by 1% year-on-year to Rs 5,675 crore.
- At the same time, EBITDA margin stood at 8.8% as against 8.5%.
- The company has opened 464 new stores till the end of September. Now the number of its stores has increased to Rs 18,946 crore.
- The customer footprint (number of customers visiting stores) in the company increased by 14.2% to 29.7 crore.
4. Oil and Gas:
- Oil and gas revenue fell 6% to Rs 6,222 crore in the second quarter. This decline was due to reduction in prices.
- EBIDTA of Oil & Gas segment increased by 11% year-on-year to Rs 5,290 crore.
- At the same time, the margin increased by 1,300 bps from 72% to 85%.
Reliance Industries shares rose 5.99% this year
Shares of Reliance Industries closed flat at Rs 2745 on Monday (October 14). The company's stock has fallen 0.20% in last 5 days, 6.70% in one month and 6.29% in 6 months. If we talk about this year i.e. from January 1 till now, the share of Reliance has risen by 5.99% and in the last one year it has risen by 17.13%.
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