Reliance Industries’ Q2FY25 Results

• Reliance Industries reported a 0.1% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter ended Sept (Q2FY25). On a year-on-year (YoY) basis, it witnessed growth of 1%.
• Its expenses for the quarter were down by 0.8% QoQ and up 1% YoY.
• The net profit grew 11% QoQ and decreased 3% YoY.
• The earnings per share (EPS) of Reliance Industries stood at 24.5 during Q1FY25.

Reliance Industries’ Financial Statements for Q2FY25:

Financials:

• Gross Revenue remained stable Y-o-Y at ₹ 258,027 crore ($ 30.8 billion).
• EBITDA decreased by 2.0% Y-o-Y to ₹ 43,934 crore ($ 5.2 billion).
• Depreciation increased by 2.3% Y-o-Y to ₹ 12,880 crore ($ 1.5 billion).
• Finance Costs increased by 5.0% Y-o-Y to ₹ 6,017 crore ($ 718 million), primarily due to higher debt.
• Tax Expenses decreased Y-o-Y to ₹ 5,936 crore ($ 708 million).
• Profit After Tax and Share of Profit/(Loss) of Associates & JVs decreased Y-o-Y to ₹ 19,323 crore ($ 2.3 billion).
• Capital Expenditure for the quarter ended September 30, 2024, was ₹ 34,022 crore ($ 4.1 billion).

Management Commentary:

Mukesh D. Ambani, Chairman & MD, Reliance Industries Limited:

• Resilient Performance: Reliance’s diversified portfolio showed robust growth despite weak O2C business due to global demand-supply issues.
• Digital Services Growth: Driven by increased ARPU, improved customer engagement, and the growing success of JioAirFiber in the broadband segment.
• Empowering India: Jio’s offerings continue to digitally empower villages, towns, cities, and SMEs across India with a focus on deep-tech solutions and AI.
• Retail Expansion: Growth through increased consumer touchpoints, omni-channel presence, and partnerships with domestic and global players.
• New Energy Progress: Solar PV module production set to begin by year-end; focus on renewable solutions like solar, energy storage, green hydrogen, bio-energy, and wind.

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results