INSUBCONTINENT EXCLUSIVE:
Mumbai: Mukesh Ambani-led Reliance Industries (RIL) on Friday reported 6.82 per cent year-on-year rise in consolidated profit at Rs 10,104
crore for the quarter ended June 30
marketing businessRevenue for the June quarter from the segment increased by 6.4 per cent YoY to Rs 101,721 crore, while segment EBIT
Gross refining margins (GRMs), for the June quarter at $ 8.1 per barrel, outperforming Singapore complex margins by $4.6.
Telecom
For the June quarter, the firm reported a profit of Rs 891 crore, up 45.6 per cent from year ago
There was strong momentum continuing in the subscriber additions with gross additions of 33.8 million
Despite the larger consumer base across tariff plans, customer engagement improved with higher data usage of 11.4 GB per user per month
VoLTE voice consumption per subscriber came in at 821 minutes per month
Average revenue per user ( ARPU) came in at Rs 122.
Exploration and production businessRevenue for the segment decreased 35.5 per cent to Rs
Segment EBIT came in at a loss of Rs 249 crore against a loss of Rs 447 crore in the corresponding period of the previous year
The segment performance continued to be impacted by declining volume
Retail Business Segment revenue grew 47.5 per cent to Rs 38,196 crore
Segment Ebitda grew 69.9 per cent to Rs 2,049 crore on a yearly basis
Reliance Retail operated 10,644 stores across over 6,700 towns and cities, with an area of 23 million square feet.
Rapid store expansion
particularly in Tier III or Tier IV markets, stronger value proposition and catchment focused assortment have been key drivers for robust
challenging hydrocarbon market conditions
The company continues to make major strides in its retail and digital services businesses led by focus on growth markets with offerings in
the right product segments and compelling value proposition
We are pleased with the robust growth both in revenues and operating income for Reliance Retail
Ambani.
Debt and cash in handOutstanding debt as on June 30 was Rs 2,88,243 crore compared with Rs 2,87,505 crore as on March 31
Cash, cash equivalents and marketable securities as of June 30 were at Rs 1,31,710 crore compared with Rs 1,33,027 crore as on March 31
These were in bank deposits, mutual funds, CDs, government bonds and other marketable securities.