Reliance Industries reported a net profit of Rs 19,299 crore, up from Rs 16,203 crore in the same quarter last year and Rs 15,792 crore in Q3 FY23.
The most valuable firm in the nation reported operating revenue of Rs 2.13 lakh crore, up 2.8% from Rs 2.07 lakh crore in the same time last year. The main points of the quarterly results are listed below.
Reliance Q4 results data:-
In comparison to the same period last year, RIL’s net profit for the March quarter increased by 19% to Rs 19,299 crore.
Operational revenue increased by 2.8 percent year over year to Rs 2.13 lakh crore.
Reliance”s in oil and natural gas data:-
In comparison to Q4FY22, oil and gas revenue more than quadrupled to Rs 4,556 crore, primarily due to better price realisation and a 13 percent rise in KGD6 gas output.
RIL Media :-
For the quarter, RIL Media recorded a loss of Rs 35 crore. Revenue dropped to Rs 1,484 crore, an 8.5% decrease.
RIL O2C:-
To Rs 1,28,633 crore, O2C business revenue decreased 11.8 percent year over year. The value of exports decreased by 0.4% to Rs 78,851 crore. In the meantime, EBITDA increased 14.4% to Rs 16,293 crore.
RIL Retail business:-
With another quarter of great revenue growth and profit results, Reliance Retail demonstrated strong success. The bottom line increased by 12.9% YoY to Rs 2,415 crore, while the topline increased by 19.4% YoY to Rs 69,288 crore. Store foot traffic increased from 201 million in Q3FY23 to 219 million, the greatest number ever.
In results MR Mukesh ambani said that
{“I believe Reliance’s significant investments and strategic partnerships in the renewable energy vertical will help transform the energy landscape of India and the world, in the coming years,” RIL Chairman and Managing Director Mukesh Ambani said.”This year we have proposed to demerge our financial services arm and list the new entity–Jio Financial Services Ltd. This gives our shareholders an opportunity to participate in an exciting new growth platform from inception,” he added.}
- Reliance Jio has reported its Q4 results for the financial year 2023.
- The company reported a net profit of Rs 4,716 crore, which is a 1.7% increase from the previous quarter.
- The revenue for the quarter was Rs 23,394 crore, which is a 1.7% increase from the previous quarter.
- The EBITDA for the quarter was Rs 12,210 crore, which is a 1.7% increase from the previous quarter.
- The operating margin for Jio was above 50% for the fifth consecutive quarter.
F&Q
(1) what was the revenue of Reliance Jio in Q4 2023?
Reliance Jio’s revenue in Q4 2023 was Rs 23,394 crore.
(2) how much did Reliance Jio’s net profit increase in Q4 2023?
Reliance Jio’s net profit increased by 13% in Q4 2023. The net profit for the quarter was Rs 4,716 crore, which is a 13% increase from the corresponding period last year.
(3) what is the revenue growth rate for Reliance Jio in Q4 2023?
Reliance Jio’s revenue growth rate for Q4 2023 is not explicitly mentioned in the search results. However, the revenue for the quarter was Rs 23,394 crore, which is a 1.7% increase from the previous quarter.
conclusion on reliance Q4 results 2023:-
Reliance Jio’s Q4 results for the financial year 2023 show a 1.7% increase in net profit to Rs 4,716 crore and a 1.7% increase in revenue to Rs 23,394 crore. The company’s EBITDA for the quarter was Rs 12,210 crore, which is a 1.7% increase from the previous quarter. The operating margin for Jio was above 50% for the fifth consecutive quarter. The ARPU reached an all-time high in Q4 2023. Reliance Jio’s net profit increased by 13% in Q4 2023. The revenue growth rate for Q4 2023 is not explicitly mentioned in the search results.
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