3Q FY23 Financial Results Presentation

20 January 2023

1

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.

2

Consolidated Financial Results

3Q FY23 - Highlights

  1. Consolidated EBITDA at ₹ 38,460 crore, up 13.5% YoY led by consumer businesses and upstream
  2. O2C earnings improved with firm middle distillate cracks; margin pressure on downstream chemicals
  3. Robust Retail Revenue and EBITDA - store expansion, higher footfalls during festive season and growing business through digital channels
  4. 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
  5. Strong growth in Oil & Gas segment with sustained production and better realization, constrained by ceiling price
  6. 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

4

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

  1. Revenue up 17% YoY; EBITDA up 25% YoY with 70 bps margin improvement
  2. Total store count at 17,225; added 789 new stores in 3Q FY23
  3. >200 Mn footfalls across formats, up 26% YoY
  4. Registered customer base at 235 Mn, up 31% YoY
  5. Delivered >265 million transactions, up 29% increase YoY
  1. Revenue up 20% YoY; EBITDA up 26% YoY
  2. ARPU at ₹ 178.2 with increasing per capita data consumption
  3. Subscriber base at 432.9 Mn, net add of 5.3 Mn subscribers
  4. 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

5

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

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.