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- Reliance Share Price; Q1 Results 2024 Impact | Reliance Earning And Profit
Mumbai18 minutes ago
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After the first quarter results, the stock of Reliance Industries is seeing a decline of about 3% today. Currently, the company’s stock is trading at ₹ 3,021.15 with a decline of 2.87%. In fact, the profit of Reliance Industries has declined by 5.45% year-on-year in the first quarter of the financial year 2024-25. The profit of Reliance Industries in the April-June quarter was Rs 15,138 crore.
At the same time, the consolidated net profit of the company stood at Rs 16,011 crore in the same quarter a year ago. However, the company’s income (revenue) has increased by 12.04% on an annual basis. The company’s income (revenue) in Q1FY25 was Rs 2,36,217 crore. In the same quarter a year ago, the company had generated a revenue of Rs 2,10,831 crore. The company released the results after the market closed on Friday, July 19.
Reliance stock has gained 16.94% so far this year
Reliance shares have seen a decline of more than 5% in the last 5 days. However, Reliance shares have given a positive return of 4.79% in the last one month and 13.70% in 6 months. At the same time, this year so far, the company’s shares have seen a rise of more than 16%.
At 10 am, the company’s shares were trading at ₹ 3,021.15, down 2.87%.
The company has four main segments- Oil to Chemical, Oil and Gas, Retail, and Jio. Here we are telling the performance of all one by one…
1. Reliance Jio: Became the world’s largest telecom operator in terms of data usage
- India’s No. 1 telecom service provider, Reliance Jio has become the world’s largest telecom operator in terms of data usage. Nearly 45 exabytes of data was consumed on Jio’s network in the June quarter, up 33% from the previous year.
- Average Revenue per User (ARPU) is used to measure the performance of telecom companies. Jio’s ARPU remained stable at ₹181.7 for the third consecutive quarter. However, the 13-25% tariff hike announced last month is expected to increase ARPU in the coming days.
- Reliance Jio Limited has reported a net profit of Rs 5,445 crore in the first quarter of the financial year 2024-25. It has increased by 12% on an annual basis. In the same quarter a year ago (Q1FY-2024), the company had a profit of Rs 4,863 crore.
- In the April-June quarter, the company’s income grew 10.33% year-on-year to Rs 26,478 crore. In the same quarter a year ago, the income was recorded at Rs 24,042 crore. At the same time, net profit and revenue have increased by 2%-2% compared to the previous quarter (Q4FY24).
2. Reliance Retail: Opened 331 new stores in the first quarter, total stores 18,918
- Reliance Retail received a record 29.6 crore footfalls in the quarter, up from 24.9 crores in the same period last year. That is, an increase of 18.9% has been registered in footfalls. Reliance Retail opened 331 new stores. The total number of stores increased to 18,918.
- The company’s focus on increasing digital commerce and new commerce continued and these channels contributed 18% to the total revenue. The demand for ACs and refrigerators increased in the summer season. The T20 World Cup and IPL increased the demand for TVs.
- Reliance Retail’s income has increased by 8.10% on an annual basis. The company’s revenue from operations in the April-June quarter was recorded at ₹75,630 crore. During the same period last year, the company had recorded a revenue of Rs 69,962 crore.
- The company’s profit after tax increased by 4.6% on an annual basis in the quarter ended June 30, 2024. Reliance Retail recorded a profit after tax of Rs 2,549 crore in the June quarter. It was Rs 2,436 crore in the same quarter a year ago.
3. Reliance Oil to Chemical: Weak performance due to low fuel sales, weak global demand
- The O2C segment has registered an increase of 18.1% in revenue on a year-on-year basis in the first quarter. It stood at ₹ 1.57 lakh crore in the first quarter. In the same quarter a year ago, i.e., Q1FY24, the revenue was ₹ 1.33 lakh crore. Whereas in the previous quarter, i.e., Q1FY24, it was ₹ 1.43 lakh crore.
- In its oil-to-chemical business, Reliance Industries reported a 14.3% decline in EBITDA for the first quarter to Rs 13,093 crore. The decline was mainly due to lower fuel sales, weak global demand and rising competition from new refineries entering the market.
- Within the segment, Oil & Gas revenue stood at ₹6,179 crore as against ₹4,632 crore in the same quarter a year ago, a growth of 33.4% year-on-year. Revenue stood at ₹6,468 crore in the previous quarter. Higher revenue was mainly due to higher volumes.
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