Reliance Industries reported Q3 numbers on January 20, 2023. Consolidated Revenue of Rs. 240,963 crores down 4.9% QoQ and rose 14.8% YoY.

Reliance Industries reported a consolidated Net profit of Rs. 17,806 crores marginally up 0.6% YoY and up 14.8% QoQ, missed the street estimates. 

Reliance Industries reported EBITDA of Rs.38,460 crores up 11% QoQ and up 13.5% YoY. 

Reliance Jio- Total subscriber base of 432.9 million as of Q3FY23.  ARPU for the quarter at Rs178.2, up 17.5% YoY.

Reliance Retail- Net Revenue grew 19% YoY to Rs.60,096 crores and PAT grew 6% YoY to Rs.2,400 crores.

Oil and Gas- Revenue grew 74.8% YoY to Rs.4,474 crores, EBITDA grew 90.9% YoY to Rs.3,880 crores and EBITDA margin grew by 730bps to 86.7% YoY.

Oil to Chemicals (O2C)- Revenue grew 10% YoY to Rs.1,44,630 crores, EBITDA grew 2.9% YoY to Rs.13,926 crores and EBITDA margin was down by 70bps to 9.6% YoY.

RIL is focused on revolutionizing the Green Energy sector with the fast-track implementation of Giga factories in Jamnagar.

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