Reliance Industries Ltd (RELIANCE) — concall transcript | 31 December 2021

· BSE 🟡 Notable Neutral
By StockFin Research Team AI-Assisted Analysis Source: BSE/NSE Filings
📢 Key Event
Reliance reported record Q3 FY22 consolidated EBITDA of ₹34,000 crores, up 30% YoY, driven by strong performance across all businesses.
🔄 What Changed
Record EBITDA of ₹34,000 crores (+30% YoY), net profit up 38% to ₹20,539 crores, retail revenue ₹58,000 crores (+52% YoY), Jio ARPU ₹152, ₹31,000 crores spectrum debt prepayment saving ₹1,200 crores annually.
🔮 What's Next
5G trials underway across multiple Indian cities; planning for rollout using 3D mapping and ray tracing; investments in Giga factories for new energy projects; continued focus on debt optimization and spectrum liability management.
💡 Investor Takeaway
Reliance is executing a clear transformation strategy with strong cash flow generation, disciplined capital allocation, and strategic investments in high-growth areas like 5G and new energy to drive future profitability.

Reliance Industries reported record Q3 FY22 consolidated EBITDA of ₹34,000 crores, up 30% YoY, driven by strong performance across O2C, retail, and digital services. Net profit rose 38% to ₹20,539 crores, aided by debt refinancing and spectrum liability prepayment. Retail revenue hit ₹58,000 crores (+52% YoY) with 837 new stores. Jio added 34.6 million gross subscribers, ARPU rose to ₹152, and EBITDA margin hit 48.6%. The company prepaid ₹31,000 crores of high-cost spectrum debt, saving ₹1,200 crores annually. Forward guidance included 5G trials and Giga factory investments in new energy.

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About Reliance Industries Ltd (RELIANCE)

Oil Gas & Consumable Fuels · Refineries · Listed on BSE

Market Cap: ₹16,79,929.36 Cr P/E: 22.5 ROE: 9.7% ROCE: 11.3% Div Yield: 0.48%

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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