[ad_1]
Billionaire Mukesh Ambani’s Reliance Industries Ltd on Friday reported a 22.5 per cent rise in net profit for the quarter ended March on the back of bumper oil refining margins, steady growth in telecom and digital services and strong momentum in the retail business.
The oil-to-retail-to-telecom conglomerate’s consolidated net profit rose to ₹16,203 crore in the quarter ended March 31, 2022 from ₹13,227 crore, the firm said in a statement.
Net profit, however, fell 12.6 per cent sequentially — breaking a six-quarter chain of quarter-on-quarter improvement.
Reliance’s earnings also rose because of a rise in broadband subscribers, online retail gaining traction and new energy investment picking roots.
Consolidated revenue of the nation’s biggest company by market value rose 35 per cent year-on-year to ₹2.32 lakh crore in the fourth quarter of FY22.
For the full fiscal 2021-22 (April 2021 to March 2022), Reliance reported a net profit of ₹60,705 crore on a revenue of ₹7.92 lakh crore (USD 102 billion).
It is the first Indian company to have crossed USD 100 billion revenue in a year.
The firm reported the highest-ever quarterly EBITDA (earnings before interest, taxes, depreciation and amortisation) of ₹33,968 crore, up 28 per cent year-on-year.
O2C (oil-to-chemical) business EBITDA was up 25 per cent at ₹14,241 crore, while digital services pre-tax earnings at ₹11,209 crore were 25 per cent more than last year.
Retail EBITDA was up 2.5 per cent at ₹3,712 crore and gas production from satellite fields in the KG-D6 block boosted oil and gas EBITDA over three folds to ₹1,556 crore.
Consumer business now accounts for nearly 45 per cent of segment EBITDA.
The Russian-Ukraine conflict accelerated an already tight demand-supply situation for crude oil-petroleum products, leading to higher cracks or margins on petrol and diesel.
Despite a reduction in subscriber base over the last two quarters due to culling of inactive subscribers/SIM consolidation, better per-user revenue (ARPU) and the refinancing of debt boosted net profit of Jio — the telecom and digital arm — by about 24 pr cent to ₹4,173 crore in January-March.
For the financial year ended March 31, 2022, Reliance Jio’s consolidated net profit increased by about 23 per cent to ₹14,854 crore.
Retail went from strength to strength on the back of multiple bolt-on acquisitions, continued investment in building complementary offline-to-online infra and recovery in momentum post COVID.
The firm has invested more than USD 1 billion in acquiring assets and building capabilities of Reliance Retail and has opened more stores in tier-2 and 3 cities.
The strides being made in green energy-related Giga factories and the reinvigorated upstream segment after a tepid 4-5 years provide a recipe for strong growth over the next 24-36 months.
The performance of the oil-to-chemical business was tempered by the weakness in margins of the petrochemical division because of higher crude oil prices as well as declining international margins for key products.
But the company, which during the pandemic declared itself net debt-free, saw its borrowings exceed cash in the fourth quarter of the current fiscal. Refinancing liabilities towards telecom spectrum saw its gross debt of ₹2,66,305 crore exceeding cash balance of ₹2,31,490 crore.
Reliance operates four business verticals — O2C business includes its oil refineries, petrochemical plants, and fuel retailing business; a retail business that houses brick-and-mortar stores and e-commerce; digital services that cover telecom arm Jio; and new energy business.
Reliance Retail Ventures Ltd’s EBITDA rose 2.4 per cent to ₹3,705 crore as demand improved across categories. Net profit from retail business was 4.8 per cent lower at ₹2,139 crore in the quarter.
It opened 793 new stores during the quarter, taking the total count to 15,196.
O2C segment’s operating profit rose sequentially for the seventh straight quarter, aided by improved refining margins and prices.
Jio Platforms — the digital arm — reported a 23 per cent higher net profit at ₹4,313 crore as the telecom segment’s average revenue per user (ARPU) rose to ₹167.6 per month, up 21.3 per cent.
It had a customer base of 410 million, less than 421 million in the previous quarter, mainly driven by SIM consolidation.
Commenting on the results, Mukesh D Ambani, Chairman and Managing Director, Reliance Industries Limited, said: “Despite the ongoing challenges of the pandemic and heightened geopolitical uncertainties, Reliance has delivered a robust performance in FY2021-22.”
While digital services and retail segments showed strong growth, the O2C business has proven its resilience and demonstrated strong recovery despite volatility in the energy markets.
“Our relentless focus on customer satisfaction and service has led to higher engagement and increased footfalls, driving robust revenue and earnings figures across our consumer businesses.
“The gradual opening up of economies coupled with sustained high utilization rates across sites and the improvement in transportation fuel margins and volumes have bolstered our O2C earnings,” Ambani said.
During the year, Reliance generated significant employment, adding over 2.1 lakh new employees across businesses.
“Our retail business has crossed the 15,000 store benchmark,” he said. “JioFiber is now the largest broadband provider in India within two years of launch. Oil and Gas business is now contributing 20 per cent of domestic gas production.”
On new energy business, he said the company is forging ahead with the development of Giga factories complex across 5,000 acres in Jamnagar and is on track to achieve the target of Net Carbon Zero by 2035.
For the full fiscal, consumer business gross revenue stood at nearly ₹3 lakh crore while consumer business EBITDA crossed ₹50,000 crore. Retail EBITA was over ₹12,000 crore on a revenue of nearly ₹2 lakh crore. Digital services EBITDA was at ₹40,000 crore on revenue of ₹1 lakh crore.
O2C business contributed 52 per cent of incremental EBITDA in FY22. O2C EBITDA at ₹52,722 crore was up 38 per cent year-on-year and near the pre-Covid level.
[ad_2]
Source link
As an siRNA targeting SOX9 paradoxically also inhibits DLD 1 and HCT116 CRC cell growth, we conclude that there is a critical level of endogenous active SOX9 needed to maintain CRC cell growth buy cialis 5mg acyclovir dapoxetine sildenafil 1mg To a certain extent, they are increasing their stimulus by not reducing bond purchases, which I think is one of the reasons why bond market sentiment, and the dollar sentiment, and gold sentiment changed so much today, Gundlach said
Cartaxo AL, et al purchase cialis online cheap
In addition, ipsilateral lymph node regions of the axilla and supraclavicular fossa were irradiated in node positive patients cheap cialis online pharmacy
All the changes of the four can high blood pressure cause nausea and vomiting elves originate from the wisdom of can high blood pressure cause nausea and vomiting the elves, In fact, you and I know this finasteride 5mg without a prescription Have been working out 1
Kendall zQAjIHjBXXo 5 20 2022 finasteride vs propecia Base Line Characteristics of Women with Breast Cancer and Lymphedema According to Stratification Factors
For newest information you have to pay a quick visit web and on world-wide-web I found this site as a finest web site for
hottest updates.
My partner and I absolutely love your blog and find most of your post’s to be what precisely I’m looking for.
Would you offer guest writers to write content to suit your needs?
I wouldn’t mind creating a post or elaborating on a few of the subjects you write
related to here. Again, awesome blog!
When someone writes an paragraph he/she maintains the idea of a
user in his/her mind that how a user can be aware of it.
Therefore that’s why this piece of writing is great. Thanks!
Touche. Great arguments. Keep up the great spirit.
Hi there to every body, it’s my first visit of this webpage; this blog carries amazing
and really good information designed for readers.
No matter if some one searches for his vital thing, therefore he/she needs to be available
that in detail, so that thing is maintained over here.
Link exchange is nothing else however it is just placing the other person’s
weblog link on your page at appropriate place and other person will also do similar in support
of you.
Hiya! Quick question that’s totally off topic.
Do you know how to make your site mobile friendly?
My web site looks weird when viewing from my iphone4.
I’m trying to find a theme or plugin that might be able to fix
this issue. If you have any recommendations, please share.
Thanks!
I’m more than happy to uncover this great site. I need to to thank
you for your time due to this wonderful read!!
I definitely savored every bit of it and I have you saved as a
favorite to check out new things in your blog.
I have been surfing on-line more than three hours today, but I never discovered any fascinating article like yours.
It is pretty price enough for me. In my view, if all web owners and bloggers made just right content material as
you did, the net will be a lot more useful than ever before.
It is the best time to make a few plans for the long run and it is time
to be happy. I have read this post and if I could I desire to
suggest you some attention-grabbing issues or advice. Maybe you can write subsequent articles referring to this article.
I wish to read more things about it!
Hi would you mind letting me know which hosting
company you’re utilizing? I’ve loaded your blog in 3 completely different
browsers and I must say this blog loads a lot quicker then most.
Can you suggest a good hosting provider at a fair price? Thank
you, I appreciate it!
cheapest generic viagra tofranil maximale dosering paracetamol Might make more sense to keep the old buildings and turn them into affordable housing although I could say that about all of our nationalised industries that were
allergy med comparison chart allergy medication primary name allergy pills over the counter
prednisone 20mg us buy prednisone 20mg sale
acne treatment for teenagers buy omnicef acne pills prescribed by dermatologist
top rated pill for itching order ketotifen 1mg online best off counter seasonal allergy
nausea medication for chemo patients amaryl online
accutane 40mg price buy isotretinoin 20mg pill accutane 20mg oral
purchase amoxicillin for sale purchase amoxicillin online buy amoxicillin 250mg pill
sleep prescription online can online doctor prescribe ambien
zithromax oral buy zithromax 500mg order azithromycin 500mg online cheap
buy neurontin medication buy neurontin 100mg pills
azipro 500mg for sale order azithromycin generic buy azipro generic
how to get lasix without a prescription cheap lasix 40mg
where can i buy prednisolone omnacortil generic prednisolone 5mg brand
buy amoxil without prescription buy amoxicillin 500mg online buy amoxicillin 250mg sale
buy vibra-tabs generic oral vibra-tabs
order ventolin 2mg pill how to buy albuterol buy albuterol sale
augmentin 625mg pills clavulanate uk
levitra 20mg ca vardenafil online
buy rybelsus cheap buy semaglutide 14mg for sale semaglutide 14mg usa
prednisone buy online oral deltasone 10mg deltasone 5mg over the counter
rybelsus 14mg tablet semaglutide where to buy rybelsus 14 mg uk
order accutane 20mg online cheap buy isotretinoin generic isotretinoin 40mg price
buy ventolin 4mg for sale albuterol 4mg inhaler order ventolin inhalator online cheap
amoxil 500mg us buy amoxicillin 250mg for sale amoxil ca
how to get augmentin without a prescription augmentin 1000mg cost order amoxiclav sale
azithromycin pills purchase azithromycin generic azithromycin 500mg cost
how to get synthroid without a prescription order synthroid online cheap synthroid 100mcg oral
order omnacortil 20mg pill omnacortil medication prednisolone 20mg us
clomid drug buy generic clomiphene 100mg brand clomid 100mg
lasix 100mg oral oral lasix lasix 40mg usa
buy viagra 50mg online viagra mail order usa purchase viagra for sale
rybelsus 14 mg for sale order semaglutide 14 mg for sale semaglutide 14 mg tablet
free slot machine games poker online for real money blackjack games
purchase pregabalin sale order lyrica online buy cheap generic lyrica
hydroxychloroquine 200mg pills buy hydroxychloroquine 400mg generic plaquenil over the counter
order clarinex 5mg without prescription order desloratadine 5mg sale order desloratadine 5mg
order cenforce 50mg pill cenforce cheap cenforce 100mg oral
loratadine over the counter buy generic loratadine loratadine sale
order chloroquine 250mg generic cost chloroquine 250mg oral chloroquine
buy cheap generic glucophage buy glycomet cheap metformin pills
orlistat 60mg us buy diltiazem generic diltiazem 180mg cost
buy atorvastatin 40mg generic lipitor 40mg drug brand lipitor 20mg
cost acyclovir 800mg cost acyclovir zyloprim where to buy
buy generic zestril 5mg buy zestril sale order lisinopril online
buy rosuvastatin medication order rosuvastatin 20mg for sale purchase zetia
order omeprazole 20mg online omeprazole 20mg sale prilosec 10mg over the counter
generic domperidone 10mg motilium 10mg canada order tetracycline 250mg online cheap
buy lopressor tablets generic lopressor metoprolol 50mg pills
cheap flexeril 15mg cyclobenzaprine cheap baclofen 10mg tablet
atenolol 50mg cheap tenormin 100mg canada buy tenormin 100mg generic
toradol generic buy generic colchicine buy generic colchicine over the counter
medrol 16mg over the counter purchase depo-medrol pill methylprednisolone 4 mg over counter
my childhood essay writing buy an assignment essay helper online
inderal order cost clopidogrel plavix pill
meloxicam generic celecoxib usa order celebrex 100mg generic
buy metoclopramide sale reglan cheap buy losartan 50mg generic
zofran 4mg over the counter aldactone 100mg usa aldactone 100mg drug
imitrex 25mg sale purchase levaquin for sale buy generic levaquin for sale
order simvastatin 10mg buy valtrex online valtrex 1000mg sale
order dutasteride for sale ranitidine 300mg usa ranitidine pills
buy finasteride generic proscar 5mg us fluconazole 100mg cheap
buy ampicillin for sale buy generic amoxil order amoxil
how to get finasteride without a prescription diflucan for sale buy fluconazole 100mg pill
cipro sale – buy bactrim without prescription order generic augmentin 625mg
cipro pill – generic cephalexin 500mg buy clavulanate generic
ciprofloxacin online order – buy generic chloramphenicol over the counter erythromycin 250mg tablet
ivermectin 3mg for people – buy aczone online cheap sumycin 250mg
stromectol pharmacy – buy ceftin 500mg how to get tetracycline without a prescription
buy valtrex no prescription – buy diltiazem 180mg online buy zovirax 800mg sale
order lasix 40mg pills – buy lasix 100mg buy captopril paypal
glycomet 500mg over the counter – sulfamethoxazole generic lincomycin 500mg sale
oral retrovir 300mg – buy avalide pill purchase zyloprim
order clozaril 100mg generic – buy quinapril 10mg without prescription pepcid over the counter
generic anafranil 50mg – buy abilify generic order generic doxepin 25mg
seroquel pill – order bupropion online buy cheap eskalith
purchase atarax online cheap – escitalopram oral generic amitriptyline 25mg
buy augmentin 375mg sale – trimethoprim pills oral ciprofloxacin
buy zithromax online – metronidazole usa cheap ciprofloxacin 500mg
order cleocin generic – buy cleocin 150mg pills chloromycetin ca
stromectol tablets for humans for sale – levofloxacin 500mg usa cefaclor buy online
strongest over the counter antihistamine – fluticasone canada order theo-24 Cr 400 mg online
buy medrol without a prescription – azelastine 10 ml drug azelastine 10 ml usa
clarinex cheap – zaditor 1mg price buy albuterol online cheap
order metformin 1000mg for sale – order sitagliptin 100 mg online cheap order precose pills
order micronase online cheap – order glucotrol 5mg online cheap buy forxiga 10 mg online
pill repaglinide 2mg – order prandin generic jardiance 10mg canada
rybelsus 14 mg drug – brand semaglutide purchase DDAVP online cheap
terbinafine pills – griseofulvin canada buy generic griseofulvin
buy generic nizoral for sale – lotrisone cheap sporanox 100mg sale
order generic famvir 500mg – valcivir canada oral valcivir 1000mg