Q3 Results Highlights: Reliance Industries profit at record Rs 18,549 crore, beats Street estimates; Jio profit at Rs 3,615 crore

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Reliance Industries Q3 | Net profit beats Street estimates; Jio ARPU rises to Rs 151.6/month

Reliance Industries reported a record consolidated net profit of Rs 18,549 crore for the quarter ended December, up 33.8 percent sequentially. Quarterly revenues stood at Rs 1.85 lakh crore for the conglomerate, as against Rs 1.67 lakh crore in the previous quarter, led by robust operational and financial performance across verticals. (Read more on Reliance Industries' results)

Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

Overall interesting set of numbers from Reliance Industries: Prabhudas Lilladher's Amnish Aggarwal 

Amnish Aggarwal, Head of Research at Prabhudas Lilladher, said the conglomerate posted an interesting set of numbers overall. "I think as we go along, it will depend upon how the projections go and whether there will be further updates to the target price,” he said. 

“I think things are looking good, particularly the gas prices have been holding on. Margins in the oil and gas segments have been good and in retail, as you are witnessing, I think if the third wave particularly is not that devastating and slowly if we see people again going back to malls and stores, say maybe in another couple of weeks, I think retail is something which will have a long, long way to grow," he said. Aggarwal also said this was the first quarter after two years that was normal for the industry.

"Even in the case of telecom, I can say the price increases that had happened in the last quarter will also get reflected in the numbers fully in the coming quarters," he added.

Reliance Jio revenue largely in line with expectation: IIFL Securities' Balaji Subramanian 

Balaji Subramanian, Vice President of IIFL Securities, said Reliance Jio’s revenue was largely in line with expectations. "Even though the ARPU has come in ahead of my estimate, the EBITDA margin is where the positive surprise is. I was expecting an EBITDA margin of 48.2 percent and they have delivered 49.2 percent. So it is a pretty decent set of numbers,” he said.

Reliance Industries Q3 numbers absolutely stellar on all counts: Prakash Diwan 

Market expert Prakash Diwan said the conglomerate's quarterly numbers are "absolutely stellar on all counts".

"Just look at each of these verticals. Everywhere, for the last few quarters, and you add a little bit of lag, whether it was the oil and gas area, where there was an issue in terms of things not kind of finally falling in place... You had the Future Retail issue; the tiff with Amazon took a toll, and things had to be pushed. Jio had its own share of problems; the launch was delayed, and ARPUs not kind of inching up. But everything seems to be falling in place," he said. 

Diwan believes the stock has been holding its ground in the market "even where in 4-5 days, you have seen this whole sell-off from the FIIs... Largecap erosion has still not impacted this stock. Anecdotally, Reliance doesn't move very significantly after results. It kind of pauses, consolidates a bit, and then kind of takes off, and these numbers are absolutely out of the park. We are just waiting to hear some commentary on the new energy business. If that is also something positive, I don't think you could ask for anything better," he added.

Reliance Industries Q3 numbers absolutely convincing: Deven Choksey 

Deven Choksey of KRChoksey said in an interaction with CNBC-TV18 that Reliance Industries' Q3 numbers are absolutely convincing. "In Jio’s case, largely two factors have played a big role: the new smartphone that they have launched, which has started bringing in a number of customers, and the fiber-to-home and fiber-to-enterprise area," he said. 

“The consumer businesses, Jio Platform and the retail business, are actually registering a claim of higher rating. Till now the company with its oil-to-chemical business wouldn’t get that kind of rating because of a variety of reasons. However, now with Jio Platform and the retail business, their portfolio is registering higher growth... I think they are somewhere around 45 percent of total profits. So if you see these businesses contributing more than 50 percent of profits, a re-rating is on the cards as far as overall Reliance is concerned,” he added.

Reliance making steady progress towards achieving Net Carbon Zero vision by 2035: Mukesh Ambani

“We are making steady progress towards achieving our vision of Net Carbon Zero by 2035. Our recent partnerships and investments in technology leaders in the solar and green energy space is illustrative of our commitment to partner India and the World in the transition to clean and green energy," said Mukesh Ambani, Chairman and Managing Director, Reliance Industries. 

"We continue to pursue growth initiatives and collaborate with global leaders who share our vision of co-developing a more sustainable future for our planet,” he added.

Reliance Industries Q3 | Retail profit at Rs 2,259 crore

Reliance Retail's revenue increased to Rs 57,717 crore in Q3, from Rs 45,450 crore in Q2. 

Reliance Industries reported Rs 3,835 crore in earnings before interest, taxes, depreciation and ammortisation (EBITDA) from the retail arm. For the quarter ended September 2021, Reliance Retail's EBITDA had stood at Rs 2,923 crore. Its  EBITDA margin was at 6.6 percent in Q3 as against 6.4 percent in Q2. 

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Reliance Industries Q3 | Oil & gas revenue up 56% at Rs 2,559 crore

Reliance Industries reported revenue of Rs 2,559 crore from its oil & gas business. For the previous quarter, the unit's revenue had stood at Rs 1,644 crore. (Read more on oil & gas unit's performance)

Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

Reliance Industries Q3 | Oil-to-chemicals revenue up 9% to Rs 1.31 lakh crore

Reliance Industries' revenue from the oil-to-chemicals business rose to Rs 1.31 lakh crore in Q3 from Rs 1.20 lakh crore in Q2. 

The group reported Rs 11,667 crore in earnings before interest and taxes (EBIT) from the unit, as against Rs 10,747 crore in the previous quarter. Its quarterly EBIT margin remained at 8.9 percent. (Read more on oil-to-chemicals unit's performance)

Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

Reliance Jio Results | ARPU rises to Rs 151.6 in Q3 from Rs 143.6 in Q2

The average revenue per user of Reliance Industries' telecom arm, Reliance Jio Infocomm, improved to Rs 151.6 in the October-December period from Rs 143.6 in the previous quarter.

The telecom company's subscriber base was at 421 million in Q3, as against 429.5 million in Q2. (Read more on Reliance Jio earnings)

Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

Digital services business delivered broad-based, sustainable profitable growth: Mukesh Ambani 

Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

Mukesh Ambani says Reliance delivered record operational results with strong contribution from all businesses

“I am happy to announce that Reliance has posted yet another quarter of stellar performance in 3Q FY22. We have delivered record operational results with strong contribution from all our businesses,” said Mukesh Ambani, Chairman and Managing Director, Reliance Industries.

Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

Reliance Q3 Results | Mukesh Ambani says both consumer businesses recorded highest ever revenues, EBITDA 

Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

Reliance Industries Q3 | Revenue at Rs 1.85 lakh crore vs Street estimate of Rs 1.93 lakh crore

Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.