Latest news with #KGD6
The Hindu
18-07-2025
- Business
- The Hindu
One-time gain propels RIL's Q1 net to ₹30,783 cr., up 76.5%
Reliance Industries Ltd (RIL) for the first quarter reported 76.5% growth in consolidated net profit at ₹30,783 crore aided by onetime gain of ₹8,924 crore on account of sale of investments in Asian Paints. Excluding proceeds of profit from sale of investments, EBITDA increased by 15% and net profit was up 25% Year on Year (YoY) which was backed by strong double-digit profit growth by Jio, retail and oil to chemicals (O2C) businesses. The company's consolidated gross revenue during the quarter ended June 30, 2025 increased by 6 Y-o-Y to ₹273,252 crore. Mukesh D. Ambani, Chairman and Managing Director, RIL said, 'Reliance has begun FY26 with a robust, all-round operational and financial performance. Consolidated EBITDA for 1Q FY26 improved strongly from a year-ago period, despite significant volatility in global macros.' 'During the quarter, energy markets encountered heightened uncertainty, with sharp fluctuations in crude prices. Our O2C business delivered strong growth, with thrust on domestic demand fulfillment and offering value-added solutions through Jio-bp network,' he said. 'Performance was supported by improvement in fuel and downstream product margins. Natural decline in KGD6 gas production resulted in marginally lower EBITDA for Oil & Gas segment,' he added. Jio Platforms Ltd. during the quarter reported 24.8% growth in net profit at ₹7,110 crore over the year ago period. Gross revenue at ₹41,054 crore grew 18.8% due to strong subscriber growth across mobility and homes, increased consumption and sustained positive momentum in digital services. Jio added 9.9 million subscribers and total number of subscribers at the end June 2025 was 498.1 million. Reliance Retail Ventures Ltd (RRVL) for the quarter reported 28.3% YoY growth in net profit at ₹3,271 crore. Revenue increased by 11.3% YoY to ₹84,171 crore. All segments performed well, with market leading performance in grocery and fashion, the company said. O2C EBITDA increased by 10.8% YoY due to favourable margin on domestic fuel retail, improvements in transportation fuel cracks and PP, PVC delta. This was partially offset by lower volumes on planned turnaround and decline in polyester chain margins. The revenue of this segment decreased by 1.5% YoY due to a fall in crude oil prices and lower volumes on account of the planned shutdown. Segment revenues were supported by increased domestic placement of transportation fuels through Jio-bp. The Oil and Gas segment EBITDA decreased by 4.1% YoY on account of lower revenues coupled with increase in operating costs due to higher maintenance activities during the quarter. The revenue of this segment decreased by 1.2% YoY mainly on account of lower sales volume of KGD6 gas with natural decline in production, lower gas price for CBM and lower crude price realisation. This was partly offset with improved KGD6 gas price realisation, the company said. RIL's finance costs during the quarter increased by 18.9% YoY to ₹7,036 crore, largely due to operationalisation of 5G spectrum assets. The company's capital expenditure for the quarter was ₹29,875 crore. RIL's consolidated net debt at the end of the quarter was marginally up at ₹1,17,581 crore as against ₹1,17,083 crore as on March 31, 2025.
Business Upturn
18-07-2025
- Business
- Business Upturn
Reliance oil & gas segment Q1 results: Revenue down 1.2% YoY to ₹6,103 crore, EBITDA down 4.1%
Reliance Industries Limited announced its Q1 FY26 results for the Oil and Gas (Exploration and Production) segment, reporting a modest decline in revenue and EBITDA compared to last year. For the quarter ended June 30, 2025, revenue came in at ₹6,103 crore, down 1.2% from ₹6,179 crore in the same quarter last year. The decline was primarily due to lower sales volumes of KG D6 gas in line with the natural decline in production, as well as lower prices realized for CBM gas and crude oil. Advertisement EBITDA for the quarter was ₹4,996 crore, representing a 4.1% drop from ₹5,210 crore in Q1 FY25. EBITDA margin also contracted by 240 basis points year-on-year to 81.9%, reflecting higher operating costs owing to maintenance activities. On the operational side, KG D6 production stood at 63.9 BCFe, down 7.9% YoY, while CBM production increased 21.7% YoY to 2.8 BCFe. The company noted that the average price realized for KG D6 gas rose to $9.97/MMBTU in Q1 FY26, compared to $9.27/MMBTU last year. In CBM operations, the second phase of drilling for 40 multi-lateral wells has begun, with 2 wells completed and 1 already in production. Despite lower revenue and profitability in this segment, Reliance highlighted steady progress in both KG D6 and CBM projects, along with ongoing investments to sustain and enhance production levels.
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Business Standard
25-04-2025
- Business
- Business Standard
RIL Q4 results: Net profit rises 2.4% to ₹19,407 cr, beats estimates
Beating analyst estimates, oil-retail-telecom conglomerate Reliance Industries (RIL) on Friday reported a 2.4 per cent year-on-year (Y-o-Y) rise in its consolidated net profit (attributable to the owners) at ₹19,407 crore for the fourth quarter of the financial year ended March 2025 (Q4FY25). The performance was driven by its consumer-facing business (retail and telecom), but its oil-to-chemicals (O2C) division remained under pressure. The company also said it had become the first Indian corporate entity to post a net-worth exceeding ₹10 trillion. India's most valuable company posted a 3.6 per cent increase in consolidated profit before interest, depreciation and taxes (PBIDT), at ₹48,737 crore, while revenue for the March quarter climbed 10.5 per cent Y-o-Y to ₹2,61,388 crore. A Bloomberg poll of 11 analysts had pegged consolidated net adjusted income at ₹18,471 crore, with 18 analysts forecasting revenue of ₹2,40,800 crore. Sequentially, RIL's net profit was up 4.7 per cent, with revenue rising 8.9 per cent. 'The financial year 2024-25 had been a challenging year for the global business environment with weak macroeconomic conditions and a shifting geo-political landscape. Our focus on operational discipline, customer-centric innovation, and fulfilling India's growth requirements helped Reliance deliver a steady financial performance during the year,' said Mukesh Ambani, chairman and managing director of RIL in a statement. For the full financial year 2024-25, RIL reported record consolidated revenue of ₹9,64,693 crore, up 7.1 per cent Y-o-Y, aided by strong contributions from its consumer businesses and O2C. Consolidated net profit attributable to owners was largely flat at ₹69,648 crore, compared to ₹69,621 crore in FY24. Ambani said the O2C segment delivered a 'resilient' performance amid significant volatility in global energy markets. 'Significant demand-supply imbalances in downstream chemicals markets have led to multi-year low margins,' he said. 'Our business teams ensured optimisation of integrated operations and feedstock costs to enhance margin capture across value chains. The oil & gas business recorded its highest ever annual Ebitda (earnings before interest, taxes, depreciation, and amortisation) led by higher production from our KGD6 and CBM blocks.' In the retail segment, Reliance Retail Ventures Ltd reported a 30.4 per cent jump in net profit at ₹3,519 crore for the January–March quarter, with Ebitda from operations rising 14.6 per cent to ₹6,510 crore. Revenue from operations stood at ₹78,622 crore, up 16.3 per cent Y-o-Y, while gross revenue climbed 15.7 per cent to ₹88,620 crore. Sequentially, revenue from operations dipped 1.2 per cent, though net profit inched up by 1 per cent. The company opened 1,085 new outlets during the quarter, taking its total store count to 19,340 across 77.4 million sq ft of retail space. Gross revenue from Reliance Retail in FY25 was ₹3,30,870 crore, up 7.9 per cent from the previous year. Depreciation for the March quarter was down 3.4 per cent Y-o-Y at ₹1,402 crore, while finance costs remained largely flat. The business continued to expand its digital and new commerce platforms, which now account for 18 per cent of total revenue. Jio Platforms Ltd (JPL), the holding company for Reliance Jio and other digital assets, posted a 25.8 per cent Y-o-Y rise in net profit at ₹7,023 crore for Q4FY25, driven by higher telecom tariffs introduced in July. Sequentially, net profit rose 2.4 per cent. Jio maintained momentum in net profit growth, building on gains of 26 per cent, 23.4 per cent, 11.7 per cent and 12 per cent across the previous four quarters. Average Revenue Per User (Arpu) per month rose to ₹206.2 in Q4, up from ₹203.3 in the preceding quarter. Arpu in Q2 had reversed a four-month slump by rising to ₹191.5. Year-on-year, Arpu in Q4 was up 13.4 per cent. Ambani said the retail segment had demonstrated consistent growth through the year. 'In FY25, the business focused on a strategic recalibration of our store network, aimed at improving operational efficiencies and long-term sustainability,' he said. 'Our enhanced product catalogue and user experience across all formats strengthened customer engagement. The quick hyperlocal deliveries initiative has also gained significant traction in the market, connecting strongly with the users.' The RIL's chairman and managing director further said the digital services arm had achieved record revenues and profits, supported by a growing subscriber base and improved user engagement. 'Strong adoption of our 5G services and our home broadband offerings continues with accelerated addition in subscribers and in the number of home-connects,' he said. About the conglomerate's new business, Ambani said that during FY25, RIL laid a strong foundation for 'our projects in renewable energy and battery operations'. 'In the coming quarters, we will see the transition of this business from incubation to operationalisation,' he added RIL's net debt as of March 2025 was recorded at ₹1,17,083 crore, marginally higher than ₹1,16,281 crore a year ago. Net debt-to-Ebitda stayed steady at 0.60 times Y-o-Y. Capital expenditure also continued at a steady rate of ₹36,041 crore for the reporting quarter. Finance costs increased by 6.8 per cent Y-o-Y to ₹6,155 crore but a tad lower sequentially. The conglomerate's O2C business posted a 15.4 per cent Y-o-Y rise in segment revenue at ₹164,613 crore, but Ebitda for the segment was down 10 per cent Y-o-Y at ₹15,080 crore.
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Business Standard
25-04-2025
- Business
- Business Standard
Reliance Q4 results: Net profit up 2.4% at ₹19,407 cr, beats estimates
Beating analyst estimates, oil-retail-telecom conglomerate Reliance Industries (RIL) on Friday reported a 2.4 per cent year-on-year (Y-o-Y) rise in its consolidated net profit (attributable to the owners) at ₹19,407 crore for the fourth quarter of the financial year ended March 2025 (Q4FY25). The performance was driven by its consumer-facing business (retail and telecom), but its oil-to-chemicals (O2C) division remained under pressure. The company also said it had become the first Indian corporate entity to post a net-worth exceeding ₹10 trillion. India's most valuable company posted a 3.6 per cent increase in consolidated profit before interest, depreciation and taxes (PBIDT), at ₹48,737 crore, while revenue for the March quarter climbed 10.5 per cent Y-o-Y to ₹2,61,388 crore. A Bloomberg poll of 11 analysts had pegged consolidated net adjusted income at ₹18,471 crore, with 18 analysts forecasting revenue of ₹2,40,800 crore. Sequentially, RIL's net profit was up 4.7 per cent, with revenue rising 8.9 per cent. On a standalone basis, which primarily reflects the Mukesh Ambani-led firm's O2C operations, net profit was down 0.6 per cent Y-o-Y at ₹11,217 crore, while revenue slipped 9.4 per cent to ₹1,32,962 crore in the period under review. 'The financial year 2024-25 had been a challenging year for the global business environment with weak macroeconomic conditions and a shifting geo-political landscape. Our focus on operational discipline, customer-centric innovation, and fulfilling India's growth requirements helped Reliance deliver a steady financial performance during the year,' said Mukesh Ambani, chairman and managing director of RIL in a statement. For the full financial year 2024-25, RIL reported record consolidated revenue of ₹9,64,693 crore, up 7.1 per cent Y-o-Y, aided by strong contributions from its consumer businesses and O2C. Consolidated net profit attributable to owners was largely flat at ₹69,648 crore, compared to ₹69,621 crore in FY24. Ambani said the O2C segment delivered a 'resilient' performance amid significant volatility in global energy markets. 'Significant demand-supply imbalances in downstream chemicals markets have led to multi-year low margins,' he said. 'Our business teams ensured optimisation of integrated operations and feedstock costs to enhance margin capture across value chains. The oil & gas business recorded its highest ever annual Ebitda (earnings before interest, taxes, depreciation, and amortisation) led by higher production from our KGD6 and CBM blocks.' In the retail segment, Reliance Retail Ventures Ltd reported a 30.4 per cent jump in net profit at ₹3,519 crore for the January–March quarter, with Ebitda from operations rising 14.6 per cent to ₹6,510 crore. Revenue from operations stood at ₹78,622 crore, up 16.3 per cent Y-o-Y, while gross revenue climbed 15.7 per cent to ₹88,620 crore. Sequentially, revenue from operations dipped 1.2 per cent, though net profit inched up by 1 per cent. The company opened 1,085 new outlets during the quarter, taking its total store count to 19,340 across 77.4 million sq ft of retail space. Gross revenue from Reliance Retail in FY25 was ₹3,30,870 crore, up 7.9 per cent from the previous year. Depreciation for the March quarter was down 3.4 per cent Y-o-Y at ₹1,402 crore, while finance costs remained largely flat. The business continued to expand its digital and new commerce platforms, which now account for 18 per cent of total revenue. Jio Platforms Ltd (JPL), the holding company for Reliance Jio and other digital assets, posted a 25.8 per cent Y-o-Y rise in net profit at ₹7,023 crore for Q4FY25, driven by higher telecom tariffs introduced in July. Sequentially, net profit rose 2.4 per cent. Jio maintained momentum in net profit growth, building on gains of 26 per cent, 23.4 per cent, 11.7 per cent and 12 per cent across the previous four quarters. Average Revenue Per User (Arpu) per month rose to ₹206.2 in Q4, up from ₹203.3 in the preceding quarter. Arpu in Q2 had reversed a four-month slump by rising to ₹191.5. Year-on-year, Arpu in Q4 was up 13.4 per cent. Ambani said the retail segment had demonstrated consistent growth through the year. 'In FY25, the business focused on a strategic recalibration of our store network, aimed at improving operational efficiencies and long-term sustainability,' he said. 'Our enhanced product catalogue and user experience across all formats strengthened customer engagement. The quick hyperlocal deliveries initiative has also gained significant traction in the market, connecting strongly with the users.' The RIL's chairman and managing director further said the digital services arm had achieved record revenues and profits, supported by a growing subscriber base and improved user engagement. 'Strong adoption of our 5G services and our home broadband offerings continues with accelerated addition in subscribers and in the number of home-connects,' he said. About the conglomerate's new business, Ambani said that during FY25, RIL laid a strong foundation for 'our projects in renewable energy and battery operations'. 'In the coming quarters, we will see the transition of this business from incubation to operationalisation,' he added RIL's net debt as of March 2025 was recorded at ₹1,17,083 crore, marginally higher than ₹1,16,281 crore a year ago. Net debt-to-Ebitda stayed steady at 0.60 times Y-o-Y. Capital expenditure also continued at a steady rate of ₹36,041 crore for the reporting quarter. Finance costs increased by 6.8 per cent Y-o-Y to ₹6,155 crore but a tad lower sequentially. The conglomerate's O2C business posted a 15.4 per cent Y-o-Y rise in segment revenue at ₹164,613 crore, but Ebitda for the segment was down 10 per cent Y-o-Y at ₹15,080 crore. Ahead of the Q4 results that were announced post-market hours, shares of RIL closed at ₹1,300.05 apiece (down 0.12 per cent) on the BSE on Friday; the Sensex was down 0.74 per cent at 79,212.53.
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Business Standard
25-04-2025
- Business
- Business Standard
Reliance Q4 results: Net profit rises 2.4%, declares ₹5.5 dividend
The company has announced a dividend of Rs 5.5 per equity share for FY25 Prateek Shukla New Delhi Mukesh Ambani-led Reliance Industries (RIL) on Friday reported a consolidated net profit of Rs 19,407 crore for the quarter ended March (Q4FY25). This was up nearly 2.4 per cent year-on-year (Y-o-Y) from Rs 18,951 crore. The company has announced a dividend of Rs 5.5 per equity share for FY25. Profit was also up sequentially from Rs 18,540 crore in the October–December quarter. The company's revenue from operations rose to Rs 2.6 trillion from Rs 2.4 trillion recorded in January–March 2024. Besides, RIL has also approved a plan to raise funds through the issuance of listed, secured/unsecured, redeemable non-convertible debentures up to Rs 25,000 crore in one or more tranches on private placement basis. On Friday (April 25), Reliance Industries stock was down 0.12 per cent to Rs 1,300.05 apiece on the Bombay Stock Exchange (BSE). The benchmark Sensex ended 0.74 per cent lower at 79,212.53 points. For the third quarter of FY25, Reliance Industries had reported a consolidated revenue of Rs 2.4 trillion, up 6.7 per cent year-on-year. Its net profit rose to Rs 18,540 crore, reflecting a 7 per cent increase from the previous year. Our focus on operational discipline: Mukesh Ambani "FY2025 has been a challenging year for the global business environment, with weak macro-economic conditions and a shifting geo-political landscape. Our focus on operational discipline, customer-centric innovation and fulfilling India's growth requirements has helped Reliance deliver a steady financial performance during the year," said RIL Chairman Mukesh Ambani in an official statement. Significantly, Reliance Industries reported a 15.4 per cent Y-o-Y rise in revenue for its oil to chemicals (O2C) segment at Rs 1.65 trillion. The segment also saw the highest ever annual total throughput at 80.5 MMT. "The Oil to Chemicals business posted a resilient performance despite considerable volatility in energy markets. Significant demand-supply imbalances in downstream chemicals markets have led to multi-year low margins. Our business teams ensured optimization of integrated operations and feedstock costs to enhance margin capture across value chains. The Oil & Gas business recorded its highest ever annual EBITDA led by higher production from our KGD6 and CBM blocks," the statement added. Reliance Jio continues to drive consistent outperformance: Akash Ambani Reliance Jio's average revenue per user (ARPU) rose to Rs 206.2 in March quarter as against Rs 203.3 in the previous quarter. "Jio continues to drive consistent outperformance in customer engagement with best-in-the-world network technologies and a wide bouquet of digital services for all Indians. Jio is proud to have served millions of users at world's largest congregation of people, the Mahakumbh mela where its network scalability and flexibility was well demonstrated. Jio is working on enabling large scale AI infrastructure and services that will add an intelligence layer to all Jio services," said Akash Ambani, Chairman of Reliance Jio Infocomm, in a statement. Reliance Retail delivered strong growth: Isha Ambani In the fourth quarter of FY25, Reliance Retail reported a 2.4x quarter-on-quarter increase in daily gross orders from quick commerce. Its Consumer Brands division emerged as India's fastest-growing FMCG player, recording approximately Rs 11,450 crore in sales in just its second year. The registered customer base rose 14.8 per cent year-on-year to 349 million, while total transactions grew 10.6 per cent Y-o-Y to 1.39 billion. Similarly, Reliance Retail expanded its presence by adding 2,659 new outlets during the year. After rationalisation, the total number of stores stood at 19,340, covering 77.4 million square feet. JioMart leveraged this extensive network to boost its quick, hyperlocal delivery services. ALSO READ | Isha Ambani, Executive Director, Reliance Retail Ventures Limited, said, 'Reliance Retail delivered strong growth in revenue and profits, powered by improved efficiencies, innovative formats, a sharper product mix, and continued investments in technology and customer experience. We remain focused on shaping the future of retail with agility and purpose.'
