2Q FY23 Financial Results Presentation

21 October 2022

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Forward Looking Statement

This presentation contains forward-looking statements which may be identified by their use of words like "plans," "expects," "will," "anticipates," "believes," "intends," "projects," "estimates" or other words of similar meaning. All statements that address expectations or projections about the future, including, but not limited to, statements about the strategy for growth, product development, market position, expenditures, and financial results, are forward-looking statements.

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 FY23 - Highlights

  1. Consolidated EBITDA at ₹ 34,663 crore, up 14% YoY led by consumer businesses and upstream
  2. Net profit at ₹ 15,512 crore, up marginally YoY
    Earnings impacted by lower O2C contribution YoY, sharper impact on QoQ
  3. O2C earnings impacted by volatile product margins, subdued downstream demand and introduction of SAED
  4. Robust Retail Revenues and EBITDA with growth across consumption baskets, sharp rebound in footfalls and strengthening of digital channels
  5. Record Digital Services segment performance - total subscriber base at 427.6 Mn, improving ARPU
  6. Oil and Gas business benefited from sustained production through operational excellence and better realization with increase in ceiling price for domestic gas by GoI

Diversified earnings streams cushion impact of volatile energy markets

SAED : Special Additional Excise Duty

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2Q FY23 - Key Segment Highlights (1/2)

Retail

Revenue ₹ 64,936 crore

EBITDA ₹ 4,414 crore

Digital Services

Revenue ₹ 29,558 crore

EBITDA ₹ 12,291 crore

  1. Revenue up 43% YoY; EBITDA up 51% YoY
  2. Total store count crossed 16,000 mark, added 795 new stores in 2Q FY23
  3. >250 Mn transactions across Retail channels, up 45% YoY
  4. Record 180 Mn footfalls across formats, up 23% over pre-covid period
  5. Launched JioMart on WhatsApp - 37% of orders from customers new to JioMart
  1. Revenue up 21% YoY; EBITDA up 29% YoY
  2. ARPU at ₹ 177.2 with improving subscriber mix
  3. Continuing customer traction - net add of 7.7 Mn subscribers
  4. Strong data traffic growth at 28.2 Exabytes, up 22.7% YoY
    per capita data consumption crossed 22 GB / user

Operating leverage driving improved margins in consumer businesses

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Reliance Industries Ltd. published this content on 21 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 October 2022 15:59:09 UTC.