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
3Q FY23 - Highlights
Consolidated EBITDA at ₹ 38,460 crore, up 13.5% YoY led by consumer businesses and upstream
O2C earnings improved with firm middle distillate cracks; margin pressure on downstream chemicals
Robust Retail Revenue and EBITDA - store expansion, higher footfalls during festive season and growing business through digital channels
Strong Digital Services segment performance with traction in subscriber growth and data traffic
✓ 5G coverage expands to over 100 cities with pan India rollout target of Dec'23
Strong growth in Oil & Gas segment with sustained production and better realization, constrained by ceiling price
Net profit at ₹ 17,806 crore, marginally up YoY - higher depreciation and finance cost, SAED constrained growth
*YoY Net Profit growth excludes exceptional item of ₹ 2,836 crore in 3Q FY22
Strong growth across key operating segments
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3Q FY23 - Key Segment Highlights (1/2)
Retail
Revenue ₹ 67,634 crore
EBITDA ₹ 4,786 crore
Digital Services
Revenue ₹ 30,343 crore
EBITDA ₹ 12,900 crore
Revenue up 17% YoY; EBITDA up 25% YoY with 70 bps margin improvement
Total store count at 17,225; added 789 new stores in 3Q FY23
>200 Mn footfalls across formats, up 26% YoY
Registered customer base at 235 Mn, up 31% YoY
Delivered >265 million transactions, up 29% increase YoY
Revenue up 20% YoY; EBITDA up 26% YoY
ARPU at ₹ 178.2 with increasing per capita data consumption
Subscriber base at 432.9 Mn, net add of 5.3 Mn subscribers
Strong data traffic growth at 29 Exabytes, up 24% YoY
✓ Per capita data consumption crossed 22.4 GB / user
Growth momentum in consumer businesses with improving operating context
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Reliance Industries Ltd. published this content on 20 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 January 2023 16:20:03 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.