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Forward-looking statements are based on certain assumptions and expectations of future events. The companies referred to in this presentation cannot guarantee that these assumptions and expectations are accurate or will be realized. The actual results, performance or achievements, could thus differ materially from those projected in any such forward-looking statements. These companies assume no responsibility to publicly amend, modify or revise any forward looking statements, on the basis of any subsequent developments, information or events, or otherwise.
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Consolidated Financial Results
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2Q FY22 - Key Messages
Performance
O2C and
Oil & Gas
Retail
Digital Services
Record quarterly EBITDA - led by O2C, Retail and Digital Services
Consolidated EBITDA at ₹ 30,283 crore, up 30.0% YoY
Net profit at ₹ 15,479 crore up 46.0% YoY
Fifth sequential quarter of growth, with sharp recovery in refining margins
Demand for major polymers and polyester products above pre-covid levels
Upstream volume growth led by KG D6 ramp-up, segment EBITDA > ₹ 1,000 crore
Revenues back to pre-Covid levels with easing of lockdown
Fashion & lifestyle led increase in revenues and margins
Healthy subscriber addition - gross addition of 35.6 Mn, highest in last 7 quarters
Covid impact in the previous quarter leads to churn of low-end subscribers
Significant increase in ARPU to ₹ 143.6 with improving subscriber mix
100% of eligible employees covered for Dose 1 under "Mission Vaccine Suraksha", 96% fully vaccinated
Robust operating performance led by multiple growth engines
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Consolidated Financial Results : 2Q FY22
Change
Change
(₹ crore)
2Q FY22
1Q FY22
QoQ
YoY
Revenue
191,532
158,862
20.6%
49.2%
EBITDA
30,283
27,550
9.9%
30.0%
Finance Cost
3,819
3,397
12.4%
-37.2%
Depreciation
7,230
6,883
5.0%
9.1%
PBT
19,234
17,270
11.4%
81.6%
Tax
3,755
3,464
8.4%
-
Net Profit
15,479
13,806
12.1%
46.0%
Standalone net profit at ₹ 9,228 crore, up 44.1% YoY
O2C, Digital Services, Oil & Gas also contributed positively
QoQ Net Profit up 12.1% despite higher finance, depreciation and tax charges
All key operating segment contributed positively to earnings growth
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Reliance Industries Ltd. published this content on 22 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 October 2021 17:23:13 UTC.
Reliance Industries Ltd is a diversified group organized around 6 areas of activity:
- refining of petroleum products (58.4% of net sales): liquefied petroleum gas, propylene, naphtha, gasoline, kerosene, etc. At the end of March 2021, the group operated a refinery in India. The group also produces petrochemicals (polyethylene, polypropylene, polyvinyl chloride, polyester, purified terephthalic acid, paraxylene, ethylene, olefins, benzene, butadiene, acrylonitrile and caustic soda);
- distribution of consumer products (28.3%): distribution of food products, clothing and accessories, consumer electronics, etc. through a network of 12,711 stores in India;
- digital services (5.1%);
- exploration and production of crude oil and natural gas (0.3%);
- financial services (0.2%);
- other (7.7%): telecommunications and media services, textile manufacturing, etc.
India accounts for 61.5% of net sales.