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Reliance Industries Q1 Net rises 6.8% to Rs 10,104 crore

In FY 2019-20 Reliance posted record quarterly consolidated revenue of Rs 172,956, up 22.1 percent year-on-year, the company said in a statement.

Reliance Industries Q1 Net rises 6.8% to Rs 10,104 crore

New Delhi: Reliance Industries Limited (RIL) on Friday reported a 6.8 percent year-on-year rise in its net profit to Rs 10,104 crore for the first quarter ended June 30, 2019.

In the last quarter RIL reported 9.8 percent rise its net profit to Rs 10,362 crore, for the fourth quarter ended March 31, 2019. Reliance had posted an 8.8 percent rise in its third quarter ended December 31, 2018, thus becoming the first Indian private company to post Rs 10,000 crore profit in a quarter.

In FY 2019-20 RIL posted record quarterly consolidated revenue of Rs 172,956, up 22.1 percent year-on-year, the company said in a statement.

Reliance Industries also said Canada`s Brookfield Asset Management will invest Rs 25,215 crore in a trust that controls Reliance`s telecom tower infrastructure assets – the single largest foreign investment in the country's infrastructure vehicle.

Here are the Key Highlights of RIL Q1

FY 2019-20 quarterly consolidated Net profit of Rs10,104 crore ($ 1.5 billion), up 6.8% Y-o-Y

FY 2019-20 record quarterly consolidated revenue of Rs 172,956 ($ 25.1 billion) up 22.1% Y-o-Y

FY 2019-20 record standalone net profit of Rs 9,036 crore ($ 1.3 billion), up 2.4% Y-o-Y

FY 2019-20 record EBITDA from Retail and Digital Services business; Consumer businesses account for nearly 32% of segment EBITDA

FY2019-20 Reliance Jio EBITDA of Rs 4,686 crore, up 49%YoY, EBITDA margin of 40%

FY2019-20 Reliance Jio Net profit of Rs 891 crore, up 45.6% Y-o-Y

FY2019-20 Reliance Jio strong momentum continuing in subscriber additions with gross adds of 33.8 million in the quarter

FY2019-20 Reliance Jio Despite larger consumer base across tariff plans, customer engagement improving with higher data usage of 11.4 GB per user per month; VoLTE voice consumption per sub at 821 minutes per month, ARPU at Rs 122

FY2019-20 Reliance Retail revenue up 48% Y-o-Y  to Rs 38,186 crore; Record Retail EBITDA of Rs 2,049 crore, up 70% Y-o-Y

FY2019-20 Reliance Retail growing faster than every other player across geographies, formats and verticals; Now has 10,644 stores across 6,700+ towns and cities, area of over 23 million sqft;

Jio Crossed 100 mn registered customers and 150 mn footfalls in the quarter

FY2019-20 Resilient earnings from downstream energy businesses in volatile and challenging macro environment; Geopolitics and OPEC+ supply cuts constrained crude markets; Economic slowdown, trade tensions and start-up of new capacities impacted margins