RIL: Oil-to-chemicals numbers to improve
Financial Express Mumbai|January 23, 2024
Restocking could lead to a significant uptick in profit margins
RIL: Oil-to-chemicals numbers to improve

RELIANCE INDUSTRIES (RIL) reported consolidated revenue, Ebitda, and PAT growth of 4%, 15%, and 9% y-o-y, reaching ₹2,20,000 crore, ₹40,700 crore, and ₹17,300 crore, respectively, in Q3FY24. The growth across segments fueled this performance, although a drop in Brent oil prices caused a 6% revenue miss. Healthy margins in the telecom and retail segments contributed to a 190 bpsy-o-ymargin expansion.

RJio's revenue and Ebitda increased by 2.5% q-o-q each in Q3FY24, in line with expectations.

This growth was driven by a 2.5% rise in subscribers, while ARPU remained flat q-o-q.PAT also rose by 3% q-o-q, aligning with Ebitda growth. The pan-India rollout of 5G was completed in December 2023.

هذه القصة مأخوذة من طبعة January 23, 2024 من Financial Express Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة January 23, 2024 من Financial Express Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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