Reliance Q4 results highlights: RIL’s revenue from the oil-to-chemicals unit rose 10.9%, primarily driven by improved price realisation for transportation fuels and higher volumes. The company also announced Rs 10 dividend
Billionaire Mukesh Ambani-owned oil-to-telecom-to-chemicals conglomerate Reliance Industries Limited (RIL) on April 22 reported 11 percent rise in consolidated revenue from operations at Rs 2.40 lakh crore for the quarter ended 31 March, 2024.
The profit attributable to owners of the company came at Rs 18,951 crore as against Rs 19,299 crore last fiscal.
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Reliance Q4 results LIVE updates: Key highlights from RIL’s quarterly performance
Net profit rose to Rs 21,243 crore, beating analyst estimates, driven by a recovery in its core oil-to-chemicals (O2C) business.
–Profit attributable to owners of the company stood at Rs 18,951 crore in Q4.
–Revenue of Rs 2.41 lakh crore in the three months ended March 31.
–Dividend of Rs 10 per share declared.
–Consolidated EBITDA rose 14.3 percent to Rs 47,150 crore in the quarter ending March 31, from a year-ago period.
–EBIDTA of the company’s oil-to-chemicals business rose by three percent to Rs 16,777 crore in the March quarter, from Rs 16,293 crore in the year earlier.
–The oil and gas business reported a record quarterly EBITDA of Rs 5,606 crore, a 47.5 percent increase from a year earlier.
–Reliance’s oil and gas revenue rose 42 percent to Rs 6,468 crore mainly on account of higher volumes, partly offset by lower price realisation from KG D6 Field.
–Jio’s average revenue per user (ARPU), an important metric to measure the performance of telecom companies, also improved 1.6 percent to Rs 181.7 per user per month from a year earlier.
–For the retail business, EBITDA rose 18.1 percent to Rs 5,632 crore from a year earlier.
