{"id":1277984,"date":"2024-01-20T13:30:23","date_gmt":"2024-01-20T08:00:23","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1277984"},"modified":"2024-01-20T13:43:02","modified_gmt":"2024-01-20T08:13:02","slug":"reliance-industries-earned-rs-218-crore-day-in-last-90-days-rs-19641-cr-profit-driven-by-jio-reliance-retail-gas-jiocinema","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/reliance-industries-earned-rs-218-crore-day-in-last-90-days-rs-19641-cr-profit-driven-by-jio-reliance-retail-gas-jiocinema\/","title":{"rendered":"Reliance Industries Earned Rs 218 Crore\/Day In Last 90 Days: Rs 19641 Cr Profit Driven By Jio, Reliance Retail, Gas, JioCinema"},"content":{"rendered":"\n

Reliance Industries (RIL) on Friday posted a 11% rise in consolidated net profit to \u20b919,641 crore for October-December 2023 quarter (Q4 of FY 2023), led by steady performance in consumer businesses. Gross revenue grew 3% to \u20b92.48 lakh crore.<\/p>\n\n\n\n

\"Reliance<\/figure>\n\n\n\n

Jio Momentum Continues<\/strong><\/p>\n\n\n\n

RIL’s telecom arm Jio Platforms saw 11.3% revenue growth to \u20b927,697 crore driven by stronger<\/a> subscriber additions and improving ARPU mix.<\/p>\n\n\n\n

Net profit rose 12% to \u20b95,445 crore while EBITDA jumped 12% to \u20b913,955 crore as margins expanded. Higher data and voice consumption by users aided revenue growth.<\/p>\n\n\n\n

Retail Sees Broad-based Uptick<\/strong><\/p>\n\n\n\n

Reliance Retail delivered 23% higher gross revenue at \u20b983,063 crore led by grocery, fashion\/lifestyle and consumer electronics segments. Its store network expanded by 252 outlets.<\/p>\n\n\n\n

Higher footfalls and digital commerce sales which comprise 19% of revenues boosted performance. EBITDA rose 31% to \u20b96,258 crore.<\/p>\n\n\n\n

O2C Profits Stay Muted<\/strong><\/p>\n\n\n\n

RIL’s oil-to-chemicals business saw 2.4% revenue decline to \u20b91.41 lakh crore owing to lower crude oil realizations. EBITDA inched up 1% to \u20b914,064 crore as feedstock gains were offset by chemical margin dip.<\/p>\n\n\n\n

Gas Production Surges<\/strong><\/p>\n\n\n\n

Exploration unit revenue increased 50% on higher output from KG-D6 fields. But lower gas prices limited EBITDA growth to 50% at \u20b95,804 crore.<\/p>\n\n\n\n

Mixed Media Segment Show<\/strong><\/p>\n\n\n\n

Media arm revenue dropped 4% to \u20b91,774 crore impacted by lower movie uptake. Investments in digital and sports verticals also squeezed profits currently. But TV news and digital news business saw strong ad growth.<\/p>\n\n\n\n

So while consumer engines drive volumes, RIL\u2019s core O2C segment faced margin pressures this quarter. But retail and Jio continue powering its overall earnings growth narrative.<\/p>\n","protected":false},"excerpt":{"rendered":"

Reliance Industries (RIL) on Friday posted a 11% rise in consolidated net profit to \u20b919,641 crore for October-December 2023 quarter (Q4 of FY 2023), led by steady performance in consumer businesses. Gross revenue grew 3% to \u20b92.48 lakh crore. Jio Momentum Continues RIL’s telecom arm Jio Platforms saw 11.3% revenue growth to \u20b927,697 crore driven […]<\/p>\n","protected":false},"author":30,"featured_media":1277985,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[297,4443,4442,3290],"class_list":["post-1277984","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-jio","tag-quaterly-profits","tag-reliance-industries","tag-reliance-retail"],"acf":[],"yoast_head":"\nReliance Industries Earned Rs 218 Crore\/Day In Last 90 Days: Rs 19641 Cr Profit Driven By Jio, Reliance Retail, Gas, JioCinema - Trak.in - Indian Business of Tech, Mobile & Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/reliance-industries-earned-rs-218-crore-day-in-last-90-days-rs-19641-cr-profit-driven-by-jio-reliance-retail-gas-jiocinema\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Reliance Industries Earned Rs 218 Crore\/Day In Last 90 Days: Rs 19641 Cr Profit Driven By Jio, Reliance Retail, Gas, JioCinema - Trak.in - Indian Business of Tech, Mobile & Startups\" \/>\n<meta property=\"og:description\" content=\"Reliance Industries (RIL) on Friday posted a 11% rise in consolidated net profit to \u20b919,641 crore for October-December 2023 quarter (Q4 of FY 2023), led by steady performance in consumer businesses. 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