RIL Q1 net profit rises 40.8% to ₹19,443 crore

Consolidated gross revenue grows 53% to ₹2,42,982 crore

Reliance Industries Ltd.’s first-quarter consolidated net profit for the June ended quarter grew 40.8% to ₹19,443 crore on robust performance of its businesses.

Consolidated gross revenue grew 53% to ₹2,42,982 crore. Consolidated EBITDA at ₹40,179 crore grew 45.8% YoY.

Jio Platforms reported a net profit of ₹4,530 crore, up 24.1%, its EBITDA grew 28.5% to ₹11,424 crore.

ARPU [average revenue per unit] during the quarter of ₹175.7 per month saw a healthy 26.9% growth YoY basis driven by residual impact of tariff hike and contribution from FTTH [Fiber to the home]. Its total customer base as on June 30 grew to 419.9 million, RIL said in a filing.

Reliance Retail reported net profit of ₹2,061 crore, up 114.2%. Gross revenue stood at ₹58,554 crore up 51.9%. EBITDA was higher by 97.7% at ₹3,837 crore.

The unit of RIL said it witnessed its first quarter without any operating disruptions since the onset of COVID and footfalls surpassed pre-COVID levels as consumers returned to stores.

Reliance Retail’s registered customer base stood at 208 million at the end of the quarter, up 29% YoY, RIL said adding its arm opened 720 stores in the quarter, taking the total count to 15,916 stores with an area of 43.2 million sq. ft.