Reliance Industries’ Q2FY25 Results
Reliance Industries’ revenue grew 1% YoY
- 16 Oct 2024
- Reliance Industries reported a 0.1% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter ended Sept (Q2FY25). On a year-on-year (YoY) basis, it witnessed growth of 1%.
- Its expenses for the quarter were down by 0.8% QoQ and up 1% YoY.
- The net profit grew 11% QoQ and decreased 3% YoY.
- The earnings per share (EPS) of Reliance Industries stood at 24.5 during Q1FY25.
Reliance Industries’ Financial Statements for Q2FY25:
| (₹ crores) | Q2FY24 | Q1FY25 | Q2FY25 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total income | 238,797 | 240,200 | 240,357 | 0.1% | 1% |
Total expenses | 212,304 | 216,966 | 215,320 | -0.8% | 1% |
Profit before tax | 26,493 | 23,234 | 25,037 | 8% | -5% |
Tax | 6,673 | 5,786 | 5,936 | 3% | -11% |
Profit after tax | 19,878 | 17,445 | 19,323 | 11% | -3% |
Earnings per share | 25.7 | 22.4 | 24.5 |
Financials:
- Gross Revenue remained stable Y-o-Y at ₹ 258,027 crore ($ 30.8 billion).
- EBITDA decreased by 2.0% Y-o-Y to ₹ 43,934 crore ($ 5.2 billion).
- Depreciation increased by 2.3% Y-o-Y to ₹ 12,880 crore ($ 1.5 billion).
- Finance Costs increased by 5.0% Y-o-Y to ₹ 6,017 crore ($ 718 million), primarily due to higher debt.
- Tax Expenses decreased Y-o-Y to ₹ 5,936 crore ($ 708 million).
- Profit After Tax and Share of Profit/(Loss) of Associates & JVs decreased Y-o-Y to ₹ 19,323 crore ($ 2.3 billion).
- Capital Expenditure for the quarter ended September 30, 2024, was ₹ 34,022 crore ($ 4.1 billion).
Management Commentary:
Mukesh D. Ambani, Chairman & MD, Reliance Industries Limited:
- Resilient Performance: Reliance’s diversified portfolio showed robust growth despite weak O2C business due to global demand-supply issues.
- Digital Services Growth: Driven by increased ARPU, improved customer engagement, and the growing success of JioAirFiber in the broadband segment.
- Empowering India: Jio’s offerings continue to digitally empower villages, towns, cities, and SMEs across India with a focus on deep-tech solutions and AI.
- Retail Expansion: Growth through increased consumer touchpoints, omni-channel presence, and partnerships with domestic and global players.
- New Energy Progress: Solar PV module production set to begin by year-end; focus on renewable solutions like solar, energy storage, green hydrogen, bio-energy, and wind.
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
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