Reliance Q3 Results 2022 Date And Time

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Reliance Q3 Results 2022 Date And Time

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The retail segment includes consumer retail and a range of related services. The O2C segment includes refining, petrochemicals, fuel retail through Reliance BP Mobility Limited, jet fuel and wholesale marketing. Reliance Industries Limited is an Indian company operating in the Refining, Petrochemicals, Oil & Gas, Organized Retail, Digital Services and Financial Services segments. A segment breakdown of Reliance Industries results shows that oil sales in RIL’s chemicals business were Rs 1.31 crore compared to Rs 83,838 crore a year ago.

RIL recorded strong growth in revenue and net income in the October-December quarter. During the October-December quarter, Reliance Retail continued to open new stores and invest in network and infrastructure expansion. His business continues to enhance its digital and new commercial capabilities.

Its gross income, which includes the cost of sales and services, jumped 52.5 percent to Rs 57,714 crore from Rs 37,845 crore. This is 41% more than the Rs 13,101 crore reported a year ago. The company’s consolidated Ebitda hit a quarterly record of Rs 33,886 crore in the third quarter, up 30% year-over-year, driven by strong operating performance from the companies. Reliance Retail reported a net profit of Rs 2,259 crore for the quarter, up 23% from the previous period of the year.

Meanwhile, the consolidated gross revenue of Reliance Retails’ retail division increased by 52% to Rs 57,714 crore for the quarter. The retail arm of Reliance Industries Ltd (RIL) recorded earnings before tax or EBITDA (earnings before interest, taxes, depreciation and amortization) of Rs 2,312 crore between October and December last year. The company reported third-quarter EBITDA (earnings before interest, taxes, depreciation and amortization) of Rs 33,886 crore, up 30%.

The reported revenue of Rs 209,832 crore was the company’s highest quarterly revenue, management said in the income statement. At the reporting level, India’s most valuable company’s net income reached a record quarterly high of Rs 20,539 crore during the reporting period, up 37.9% year-on-year. Asia’s richest man Mukesh Ambani, led by Reliance Industries Ltd, on Friday reported a consolidated net income of Rs 18,549 crore for the quarter ended Dec 31, 2021 (Q3FY22) . Mukesh Ambani-led Limited (RIL) on Friday reported consolidated net income of Rs 18,549 crore for the quarter ended December 2021 (third quarter), up 42% year-on-year on higher revenue , of which revenue from shale gas sales increased. North America.

The oil, retail and telecommunications conglomerate’s operating revenue increased by 54% to Rs 1.91 million in the quarter compared to Rs 1.23 million in the same period last year. The company’s consolidated revenue (after tax) in the third quarter of 2021-2022 was Rs 1.85,027 crore, up 57% year-over-year, with the largest contribution coming from the chemical sector, followed by the retail segment . Net profit of Reliance Jio, the company’s telecommunications division, increased 10% year on year to Rs 3,615 crore for the December quarter.

Performance was better than expected from the road in all key respects. Market expert Prakash Diwan said the conglomerates’ quarterly performance is “absolutely outstanding in every way.” It stops, solidifies a little, and then takes off, and these numbers are completely out of place.

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