Reliance (RELIANCE) — concall transcript

📢 Key Event
Reliance reported record Q2 FY24 consolidated EBITDA of ₹45,000 crores and net profit of ₹20,000 crores, up 30% YoY, driven by retail growth, 5G subscriber gains, and strong Oil & Gas performance.

🔄 What Changed
Net debt reduced by ₹1,17,727 crores; Oil & Gas EBITDA up 50% YoY; retail EBITDA up 32% YoY; 5G subscribers reached 70 million; new stores added: 471.

🔮 What's Next
Management indicated constructive fuel demand outlook and downstream margin improvement; Jio plans to expand AirFiber to 100 million premises; retail expansion to continue with new store formats; focus on scaling regional brands nationally.

💡 Investor Takeaway
Reliance delivered strong top-line growth and debt reduction, with retail and digital segments driving profitability and future margin expansion.

Reliance Industries reported consolidated EBITDA of ₹45,000 crores (up 30% YoY) and net profit of ₹20,000 crores (up 30% YoY) for Q2 FY24, driven by strong retail expansion (471 new stores), 70 million 5G subscribers, and record digital services revenue. Oil & Gas revenue surged 72% YoY to ₹6,620 crores amid rising fuel demand and tight inventories, while Jio added 11.1 million subscribers with ARPU at ₹181.7 and data traffic hitting 36.3 Exabytes (+29% YoY).

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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 September 2023

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

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