Reliance (RELIANCE) — concall transcript

📢 Key Event
Reliance Q4 FY23 results show 30% revenue growth in Retail and 25% EBITDA growth in Digital Services.

🔄 What Changed
Retail EBITDA growth accelerated to 45% YoY; Jio subscriber base reached 440 million; Oil & gas EBITDA grew 8100% YoY to ₹13,589 crore.

🔮 What's Next
Target 100 million AirFiber homes; JioMart expansion; 5G rollout contingent on critical mass; New Commerce scaling to 2600 cities.

💡 Investor Takeaway
Reliance is executing a clear consumer tech and retail expansion strategy with strong cash flow, but faces macro headwinds from oil price volatility and global demand shifts.

Reliance Industries reported robust Q4 FY23 results with 30% YoY revenue growth and 45% EBITDA growth in Retail, driven by 3,300 new stores and 249 million customers. Jio added 6 million subscribers, reaching 440 million total with ARPU at ₹180 and 30 exabytes data consumption. Oil & gas EBITDA surged 8100% YoY to ₹13,589 crore on higher gas prices and KGD6 production. Digital services revenue grew 20% to ₹50,000 crore with 25% EBITDA growth. The company targets 100 million AirFiber homes and plans JioMart expansion, while maintaining strong cash flow and net debt/EBITDA under 1.

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About Reliance Industries Ltd (RELIANCE)

Oil Gas & Consumable Fuels · Refineries · Listed on BSE

Market Cap: ₹17,77,025.32 Cr P/E: 23.8 ROE: 9.7% ROCE: 11.3% Div Yield: 0.46%

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🔥 Also filed on 31 March 2023

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

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