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Reliance Share: Mukesh Ambani-led Reliance Industries, the country's most valuable company, has announced consolidated results for the quarter/year ending March 31, 2024. Reliance Industries Limited's net profit in the January-March quarter of FY24 stood at Rs 18951 crore. Whereas the consolidated revenue of the company has jumped by 11 percent and has crossed Rs 2.40 lakh crore. Along with declaring quarterly results, Reliance has also announced dividend.

Consolidated Results for the quarter/year ending March 31, 2024

• Record annual consolidated revenue of Rs. ₹1,000,122 crore ($119.9 billion), an increase of 2.6% year-on-year.
• Annual Consolidated EBITDA Rs. ₹178,000 crore ($21.4 billion), an increase of 16.1% year-on-year.
• Annual Consolidated PBT Rs. Crosses Rs 100,000 crore. ₹1,04,727 crore ($12.6 billion), an increase of 11.4% year-on-year.
• Jio Platforms has an annual net profit of Rs. crossed 20,000 crores
• Reliance Retail's annual net profit was Rs. 10,000 crores
• Quarterly Consolidated EBITDA Rs. ₹47,50 crore ($5.7 billion), an increase of 14.3% year-on-year
• RIL Per share Rs. declaration of dividend of 10

Commenting on these results, Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries Limited, said, “Innovative initiatives across RIL's business have contributed tremendously to the growth of various sectors of the Indian economy. It is heartening to note that all sectors have delivered excellent financial and operational performance, strengthening the national economy. This has helped the company cross many milestones. I am very happy to say that this year Reliance has achieved a profit before tax of Rs. Became the first Indian company to cross the ₹100,000 crore mark.

The performance of the digital services segment has been buoyed by the rapid expansion of the customer base supported by both mobility and fixed wireless services. With 108 million true 5G customers, Jio has truly led the 5G transformation in India. From upgrading all 2G users to smartphones to leading efforts to generate AI-powered solutions, Jio has proven its mettle in strengthening the country's digital infrastructure at every step.

Reliance Retail continues to provide consumers with inexhaustible choices through its strong omni-channel presence. We continue to deliver product innovation and better offline experiences by re-modeling and redesigning the layout of stores. Our digital commerce platform is also providing innovative solutions to consumers through a vast brand catalogue. Reliance Retail is also working to empower crores of merchants through its unique initiatives in the new commerce space.

Strong fuel demand worldwide and limited flexibility in the global refining system supported the margins and profitability of the O2C segment. The basic chemicals industry has faced extremely challenging market conditions throughout the year. Even under such adverse conditions, we have been able to deliver competitive results while maintaining feedback flexibility through our operating model that prioritizes leading product positioning and inventory control. KG-D6 block has achieved the 30 MMSCMD production mark and is now contributing 30% of India's domestic gas production. We are committed to our projects and innovative initiatives, including the new energy segment, which will accelerate the company and help deliver sustainable growth for the future.

Integrated Results of Jio Platform

• Quarterly revenue Rs. Rs 33,835 crore, an increase of 13.3% annually
• Quarterly EBITDA Rs. Rs 14,360 crore, growth of 12.5% ​​YoY
• Highest customer growth in the industry, net addition of 42.4 million in FY24
• Data traffic to 148 exabytes in FY24, 31% YoY growth due to 5G adoption and home scale-up
• Jio has registered over 108 million subscribers, which now accounts for 28% of Jio's wireless data traffic, in keeping with India's shift towards 5G;
• Largest 5G customer base reported by any operator outside China
• JioAirFiber is seeing good demand across 5,900 cities, connecting the highest number of households this quarter.
• Jio Platforms standalone quarterly revenue grows 64% YoY due to digital services

Reliance Jio Infocomm Chairman Akash M Ambani said, “Jio has maintained its network leadership and is offering innovative digital solutions to diverse customer groups. This has resulted in consistent excellent performance in terms of customer growth and engagement levels. Jio will maintain industry leading growth through continued growth in JioAirFiber's customer base and the speed of digital services.

Reliance Retail consolidated results

• Quarterly revenue Rs. Rs 76,627 crore, an increase of 10.6% annually
• Quarterly EBITDA Rs. Rs 5,823 crore, an increase of 18.5% annually
• Total footfall of 272 million customers across all formats, 562 new stores opened

Isha M. Ambani, Executive Director, Reliance Retail Ventures Limited, said, “Reliance Retail continues to perform with stability due to growth in the overall consumption basket. We continue to invest and innovate across formats and products to improve the value we provide to our customers and meet changing customer needs. The strong expansion and growth of our retail business reflects our commitment to customer centricity and trust in India's consumer consumption journey.