RIL Q1 Results Highlights: Reliance net profit dips to Rs 16,011 cr for June quarter, Rs 9 per share dividend announced

RIL Q1 results: Jio leads industry’s net subscriber addition with 9.2 mn

- Jio continued to lead the industry’s net subscriber addition with 9.2 million added in the quarter. Monthly churn reduced to 1.8 percent during the quarter. The customer base stood at 448.5 million as on June 30, 2023. 

- Jio’s average revenue per user (ARPU) increased 2.8 percent YoY to Rs 180.5 driven by better subscriber mix and ramp-up of wireline business.

RIL Q1 results LIVE: All about Reliance Retail Q1 results 

- Reliance Retail saw a 19% YoY growth and clocked a revenue of Rs 69,948 crore

- Business delivers steady growth across consumption baskets:- 
Grocery business grows 59% YoY
Fashion and Lifestyle grows 15% YoY
Consumer Electronics excluding devices grows 14% YoY

Reliance Retail Q1 revenue jumps to Rs 69,962 crore, misses estimate 

- Revenue at Rs 69,962 crore vs Rs 58,569 crore (YoY)
- EBITDA at Rs 5,151 crore vs Rs 3,849 crore (YoY)
- EBITDA margin at 7.4 percent vs 6.6% (YoY)

These are the highest ever revenue, EBITDA and Margins for the vertical. 

RIL Q1 results LIVE: Oil and gas biz revenue jumps to Rs 4,632 crore 

- Oil and gas biz revenue at Rs 4,632 crore vs Rs 3,625 crore (YoY)
- Oil and gas biz EBITDA at Rs 4,015 crore vs Rs 2,737 crore (YoY)
- Oil and gas biz EBITDA margin at 87% vs 76% (YoY)

RIL Q1 results LIVE: O2C business margin dips to 11.5%

- O2C biz revenue at Rs 1.33 lakh crore vs Rs 1.62 lakh crore (YoY)
- O2C biz EBITDA at Rs 15,271 cr vs Rs 19,888 crore (YoY)
- O2C biz EBITDA margin at 11.5% vs 12.3% (YoY)

RIL Q1 results LIVE: Reliance Industries posts June quarter results 

- Net profit at Rs 16,011 crore vs Rs 17,955 crore (YoY)
- Revenue at Rs 2.07 lakh crore vs Rs 2.19 lakh crore (YoY)
- EBITDA at Rs 38,093 crore vs Rs 37,997 crore (YoY)
- EBITDA margin at 18.3% vs 17.3% crore (YoY)

Will O2C contribute more to biz this time?

Brokerage house Jeffries thinks that the company will see a 10 percent sequential increase in the O2C business and 7 percent on a YoY basis to come in at Rs 15,249 crore.

If one looks at how O2C has been contributing to overall EBIT, it was at one of the highest levels back in quarter for FY22 at 91.8 percent, it did see a fall from there, but it has been increasing since then, and this time around it will be seeing higher levels of around 80 percent. This is as per ICICI Securities.

It is expected to contribute more to the business this time.

RIL Q1 results LIVE: Why it is expected to be a good quarter for the oil to chemicals (O2C)

It is expected to be a good quarter for the oil to chemicals (O2C) business for Reliance Industries Ltd (RIL) for a couple of reasons. Both its sub-branches, oil and gas and oil to chemicals are expected to show a positive uptick from the previous quarter.

One major factor is that crude oil prices are down both on a year-on-year (YoY) basis and on quarter on quarter (QoQ) basis, 19 percent and 8 percent respectively. Additionally, the Singapore gross refining margins have improved to levels of $8.2 per barrel in quarter four of FY23.

Along with this, the market has seen demand improvement because of Chinese economy reopening. Exports have inched higher as well. This might cap gains as far as product spreads in the petchem segment is concerned.

RIL Q1 results LIVE: What analysts expect from O2C

In an interview with CNBC-TV18, Probal Sen, Energy Analyst at ICICI Securities said, “If we look at the prospects for the O2C segment, the demand-supply does look to be getting tighter for the next year particularly if the Chinese demand resurgence come sooner rather than later. So, to that extent, I would still expect a recovery on the margins front for O2C.”

RIL Q1 result LIVE: Reliance Industries to report June quarter earnings shortly

While Reliance's telecom sector earnings for the April to June 2023 quarter are already out, the financial result of the entire conglomerate will be announced shortly. 

Follow CNBCTV18.com's live blog for updates 

RIL Q1 results LIVE: Reliance Jio added 30.4 lakh subscribers
Reliance Jio continue to hold its dominance over the Indian telecom market and as per latest telecom data of April 2023, the company is on top with market share of 37.9 per cent. During April 2023, Reliance Jio added 30.4 lakh subscribers and numbers are consistent with their overall additions throughout the last year.

Reliance Jio net profit for Q1FY24

The net profits grew 12 percent year on year to Rs 4,863 crore compared with Rs 4,335 crore in first quarter of FY23. This is higher than the Street estimates of Rs 4,800 crore.

The EBITDA margins are at 52.3 percent, largely in line with the CNBC-TV18 poll of 52.5 percent. This is a sharp improvement from 50.1 percent in the first quarter of FY23.