Reliance Industries has released the results of the third quarter of the financial year 2024-25 (16 January). In this, the company has made a profit of Rs 18,540 crore. It has increased by 7.38% on an annual basis. In the same quarter a year ago, the consolidated net profit of the company was Rs 17,265 crore.
At the same time, the company’s operational revenue in the October-December quarter was Rs 2.44 lakh crore. In the same quarter a year ago, the company had generated a revenue of Rs 2.28 lakh crore. There has been an increase of 7% on an annual basis. The amount received from selling goods and services is called revenue.
Revenue and EBITDA showed a jump
EBITDA i.e. Earnings Before Interest, Tax, Depreciation and Amortization EBITDA is the total earnings of a company, which does not include the cost of paying interest, paying taxes, compensating for the decline in the value of assets or machines and the cost incurred in repaying old loans or debts. EBITDA indicates the condition of operations of a company or firm. It is usually used by companies to evaluate their business. Costs or expenses are not included in calculating it.
EBITDA margin is the percentage of a company’s revenue, which measures the growth of its operations. Knowing the EBITDA margin of a company allows one to compare its real performance with other companies in the same industry.
Jio’s profit increased
Net profit grew 26% year-on-year to Rs 6,861 crore. It was Rs 5,447 crore in the same quarter last year. The operational revenue of the telecom company grew 19.4% year-on-year to Rs 33,074 crore. It was Rs 27,697 crore in October-December last year. The company’s EBITDA grew 10% year-on-year to Rs 15,478 crore. While the margin grew 50bps to 52.8%. Average Revenue per User (ARPU) is used to measure the performance of telecom companies. In October-December, the company’s ARPU grew 12% to Rs 203.3.
Reliance Retail also performed well
Reliance Retail also performed well. Its gross revenue grew by 8.8% to Rs 90,333 crore. This increase was due to the launch of new products, promotions and in-store activities during the festive season. Reliance Retail’s operating EBITDA grew by 9.8% to Rs 6,632 crore. EBITDA margin from operations stood at 8.6%, up 20 basis points over the previous year. Reliance Retail has opened 779 new stores. Its total store count has now reached 19,102, spread over 7.74 crore square feet. More than 29.6 crore people visited the stores during the quarter, Which is 5% more than last year. Reliance Retail’s customer base has now reached 33.8 crores. The company recorded 35.5 crore transactions, which is 10.9% more than last year.
Reliance got more income from oil and chemicals (O2C)
Consolidated net profit increased by 10% to Rs 3458 crore. It was Rs 3145 crore in the same quarter last year. Revenue grew 6% year-on-year to Rs 1.50 lakh crore. It was Rs 1.41 crore in October-December last year. EBITDA stood at Rs 14,402 crore, up 2.40% year-on-year. It was Rs 14,064 crore last year. O2C’s EBITDA margin declined by 40bps to 9.6% from 10% last year.
Oil & Gas revenue declined 5% to ₹6,370 crore in the third quarter from ₹6,719 crore in the year-ago period. Oil & Gas segment EBIDTA declined 4.11% year-on-year to ₹5,565 crore. Margin improved 100 bps to 87.4% from 86.4%.
Reliance is India’s largest private sector company. It currently operates in hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, advanced materials and composites, renewable energy, digital services and retail sectors.
