Reliance Industries Ltd (RELIANCE) — concall transcript | 31 March 2024

· BSE 🟡 Notable Neutral
By StockFin Research Team AI-Assisted Analysis Source: BSE/NSE Filings
🔮 What's Next
Management indicated continued focus on expanding Jio True5G network, scaling retail footprint, and advancing green energy initiatives, with no specific financial targets provided.
💡 Investor Takeaway
Reliance is strengthening its digital and retail engines while reducing leverage, positioning for long-term growth in high-demand sectors.

Reliance Industries reported record consolidated EBITDA of [amount not verified] crore, up 16% YoY, driven by strong oil & gas performance, Jio's 5G expansion with 108 million True5G subscribers, and retail growth adding 796 stores. Net profit reached ₹79,000 crore, while net debt fell to [amount not verified] crore and capex was trimmed to [amount not verified] crore. Jio True5G network now covers 30% of data usage as free content, and retail revenue hit ₹3 lakh crore with 18% YoY growth. The company emphasized sustainable growth through digital and retail expansion while maintaining a robust balance sheet.

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

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