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Financial And Operational Performance Of RIL Unaudited Standalone Financial Results Of RJIL For The Quarter And Nine Months Ended 31st December 2024.

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Mumbai, 16th of January, 2025 : Financial And Operational Performance Of Reliance Industries Limited (RIL) Unaudited Standalone Financial Results Of Reliance Jio Infocomm Limited (RJIL) For The Quarter And Nine Months Ended 31st December 2024.

  1. Consolidated Revenue at ₹ 267,186 crore, up 7.7% YoY.
  2. Consolidated EBITDA at ₹ 48,003 crore, up 7.8% YoY.
  3. Strong growth in Digital Services, Retail and O2C EBITDA and stable Upstream performance.
  4. Net Profit at ₹ 21,930 crore, up 11.7% YoY.
  5. Resilient O2C performance led by strong domestic demand, higher volumes and operational flexibility.
  6. Retail business EBITDA delivered healthy YoY growth of 9% at ₹ 6,840 crore.
  7. Digital Services EBITDA delivered strong growth of 17% YoY at ₹ 16,640 crore, led by higher ARPU of ₹ 203.3.
  8. Oil & Gas business EBITDA declined 4% YoY on account of lower KG D6 volumes.
  9. ARPU increased further to ₹ 203.3 with sustained impact of tariff hike and better subscriber mix. Residual impact of tariff hike to flow through over the next few months.
  10. Jio continues to drive 5G uptake in India with 170 million subscribers on True5G accounting for 40% of Jio’s wireless traffic.
  11. Capex at ₹ 32,259 crore, well covered by cash profit of ₹ 38,227 crore.
    Key Messages and Highlights for 3Q FY25
  12. Strong consolidated performance led by rebound in Retail, robust Digital Services and resilient O2C.
  13. Revenue of ₹ 267,186 crore, up 7.7% YoY, supported by double-digit growth in Digital Services segment and healthy growth in Retail business with festive season demand across segments.
  14. Consolidated EBITDA at ₹ 48,003 crore, up 7.8% YoY, mainly contributed by Consumer businesses. Digital Services and Retail business EBITDA was up 16.7% YoY and 9.4% YoY respectively. O2C EBITDA was up 2.4% YoY.
  15. Capex for the quarter at ₹ 32,259 crore, well covered by cash profit of ₹ 38,227 crore.
  16. Net Debt as of 31st December 2024 marginally lower QoQ at ₹ 115,465 crore.
  17. O2C EBITDA at ₹ 14,402 crore, up 2.4% YoY led by operational flexibility, robust domestic demand and higher volumes.
    6.1. Healthy domestic demand – Polymer (+11%), Polyester (+12%), Gasoline (+10%), HSD (+5%), ATF (+9%)
    6.2. Domestic fuel sale maximized with sustained demand – Gasoline (+44%), Diesel (+23%)
    6.3. Fuel cracks declined from elevated levels YoY – Gasoline (-15%), Gasoil (-38%), ATF (-37%)
    6.4. Polymer deltas improved 1-9% YoY while polyester chain deltas fell 12% YoY owing to excess supply.
    6.5. Arbitrage crude sourcing increased to minimize feed cost & crude throughput maximized
    6.6. Production meant for sale was higher 9% YoY
    6.7. Petrochemical production was higher Y-o-Y, as 3Q FY24 production was impacted due to planned shutdown.
    6.8. Dynamic feedstock sourcing and superior business model supported resilient performance.

Jio Platforms Limited
• Jio Platforms’ EBIDTA for quarter ended Dec 2024 increased by 18.8% Y-o-Y to a new high of ₹16,585 crore
• JPL’s net profit for the quarter grew 26.0% Y-o-Y to ₹6,861 crore
• Jio’s subscriber base stood at 482.1 million at end Dec ’24, 2.4% higher Y-o-Y. Net subscriber addition in Q3 FY25 was 3.3 million with rebound in mobility subscriber addition. It was a record quarter for home connects with ~2 million new additions. JioAirFiber is rapidly growing to global leadership with subscriber base of ~4.5 million
• Jio is world’s leading standalone 5G operator (outside China) with subscriber base of 170 million. True5G accounts for 40% of Jio’s wireless traffic. Jio has deployed multiple global first technologies on its True5G network including VoNR certification, slice based and device aware layer management, need-based bandwidth allocation leading to energy efficiency, location accuracy, and interference mitigation without capacity loss
• Jio’s ARPU increased further to ₹203.3 with sustained impact of tariff hike and better subscriber mix. The full impact of the tariff hike will flow through over the next few months
• Industry leading customer engagement with per capita data consumption of 32.3 GB/month, and total data traffic growth of 22.2%.
“Robust growth in digital services business was led by sustained subscriber addition and consistent improvement in customer engagement metrics. This was well supported by a favorable subscriber mix, with an increasing number of users upgrading to 5G networks. Jio’s compelling offering of home broadband services also continued to rapidly gain ground and maintain its pre-eminent market position. It gives me immense joy to see Jio grow and support the expanding technology capabilities of new India. Teams at Jio continue to enhance its offerings, in line with the constantly evolving technology landscape to bring the best-in-class digital experience to all.” — Mr Mukesh Ambani, C&MD, Reliance Industries

Mr. Akash M Ambani, Chairman of Reliance Jio Infocomm, said, “Jio has played a key role in digital inclusion by bringing the world’s best communication technologies for every Indian. Rapid scale up of 5G adoption and proliferating fixed broadband beyond Tier1 towns over the past year, further strengthens the Digital India mission. Jio will continue to lead the charge in technology innovation by fully embracing the power of AI to create a connected, intelligent future that is truly transformative. This will drive sustained value creation over next many years.”

Reliance Industries Ltd reported a 7.4 per cent rise in its December quarter net profit, as its retail business rebounded and telecom earnings rose.

Its consolidated net profit of Rs 18,540 crore, or Rs 13.70 per share, in October-December – the third quarter of April 2024 to March 2025 fiscal (FY25) – compared to Rs 17,265 crore, or Rs 12.76 a share, in the same period a year back, according to a stock exchange filing by the company.

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