Know that the country’s giant Reliance Industries Limited has presented the results of the March quarter (RIL Q4 Result) of the financial year 2022-23 on Friday. The company surprised everyone by reporting a consolidated net profit of Rs 19,229 crore in the fourth quarter. This increase is more than the estimate given by the analyst of the market. On the other hand, on an annual basis, the consolidated revenue increased by about two percent to Rs 2.16 lakh crore.
Here are the key takeaways from Reliance Industries Limited’s fourth quarter results:
Excellent performance of Reliance Jio
Reliance Industry’s Jio Platform (JIO) has registered a consolidated quarterly revenue of Rs 29871 crore on an annual basis. Which is considered to be a great performance. If seen in this quarter, the average revenue per user of Reliance Jio is Rs 178.8.
Good performance has also been shown in Reliance’s retail business. Reliance’s retail ventures have recorded Rs 69267 crore as consolidated revenue on year-on-year basis. While the operating profit was recorded at Rs 4914 crore.
Oil to Chemical Business
On the other hand, if we look at Reliance Company’s oil to chemical business, then here the company has given a mixed performance. The company has earned a revenue of about Rs 1.29 lakh crore in this business. This business of the company has faced problems due to the decrease in the price of crude oil. The operating profit of the company is 16293 crores on year on year basis. which has already increased.
The consolidated operating profit of Reliance Company has increased year on year by about 22 percent. Which has become about Rs 41389 crore. Higher revenue and margin growth in digital service segment, higher transportation fuel, higher gas price realization have been the main reasons for strong operation performance.
Corporate debt and capex
Reliance Company has done Rs 1.42 lakh crore as capex for the year ending in March. On the other hand, if we talk about the debt, the net debt of the company till March 31 was about Rs 1.10 lakh crore.