Reliance (RELIANCE) — concall transcript

📢 Key Event
Reliance reported consolidated EBITDA growth of ₹42,000 crores (+5.8% YoY) driven by strong retail expansion and Jio's 5G rollout.

🔄 What Changed
Consolidated EBITDA up 5.8% YoY to ₹42,000 crores; net profit down 6% to ₹18,258 crores; Jio added 9.2 million subscribers; retail revenue grew 19% YoY to ₹69,948 crores; oil and gas EBITDA rose 47% to ₹4,015 crores.

🔮 What's Next
Targeting pan-India 5G coverage by December 2023; capex of ₹39,600 crores funded internally; JioFiber to connect 100 million homes.

💡 Investor Takeaway
Shareholders see growth in digital and retail segments offsetting net profit decline, with strong cash generation funding 5G expansion.

Reliance Industries reported consolidated EBITDA growth of ₹42,000 crores (+5.8% YoY) driven by strong retail expansion (555 new stores, 18,500 total) and Jio's 5G rollout (65% complete, 115,000 sites), while net profit fell 6% to ₹18,258 crores due to higher depreciation. Jio added 9.2 million subscribers, reaching 448.5 million, with ARPU at ₹181 and data traffic up 28%. Retail revenue grew 19% YoY to ₹69,948 crores, with JioMart merchant base up 71%. Oil and gas EBITDA surged 47% to ₹4,015 crores amid 28.5 MMSCMD production. Capex of ₹39,600 crores is funded internally, targeting pan-India 5G coverage by December 2023.

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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 30 June 2023

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

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