Reliance Q2FY22 results: RIL net profit jumps 11% to Rs 13,680 cr, beats street estimate

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Updated: October 22, 2021 9:27:45 pm

RIL Q2FY22 earnings: Mukesh Ambani's Reliance Industries Ltd posted over 11 per cent jump in net profit to Rs 13,680 crore in July-September quarter results

Reliance Q2FY22 results live, Mukesh Ambani Mukesh Ambani during the company's AGM said that retail business is expected to grow at least three times in next 3-5 years, aimed to be among top 10 retailers in the world. Image: Reuters

RIL Q2FY22 earnings: Mukesh Ambani-led Reliance Industries Ltd (RIL) reported July-September quarter FY22 net profit at Rs 13,680 crore, a rise of 11.4 per cent, sequentially. The company posted a sharp recovery in the retail segment and sustained growth in the oil-to-chemicals (O2C) and digital services business. In the previous quarter, net profit stood at Rs 12,273 crore. RIL revenue came in at Rs 1.58 lakh crore, against the Rs 1.4 lakh crore in the last quarter of FY22. Mukesh Ambani said that the O2C business was benefited from a sharp recovery in demand across products and higher transportation fuel margins. Its retail business continued to grow on the back of rapid expansion of both physical stores and digital offerings, resulting in healthy growth in revenues and margin expansion. “Jio, Our digital services business continues to transform the broadband market in India and set new benchmarks for the industry,” Ambani added. EBITDA for the second quarter of the FY22 stood at Rs 26,020 crore, as compared to Rs 23,368 crore in the first quarter of the current fiscal. Reliance Jio posted a net profit of Rs 3,528 crore in the July-Sep quarter.

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Highlights

    21:21 (IST)22 Oct 2021
    Urban Ladder registered 2x growth in orders over last year

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    21:21 (IST)22 Oct 2021
    Reliance retail acquires Milk basket, Just Dial

    Reliance Retail completed the acquisition of Milkbasket, a subscription-based grocery delivery platform, Portico, India’s leading home styling solutions brand and JustDial, a leading local search engine platform, bolstering its offering to the customers and adding value to merchant partners.

    21:20 (IST)22 Oct 2021
    Consumer electronics, grocery maintain strong growth momentum

    The business re-established growth momentum in Fashion & Lifestyle with sales closing above preCOVID levels. Consumer Electronics and Grocery maintained strong growth momentum.

    21:17 (IST)22 Oct 2021
    Reliance retail consolidated gross revenue at Rs 45,426 cr

    Reliance Retail delivered a strong performance with consolidated Gross Revenue recorded at Rs 45,426 crore for 2Q FY22, a growth of 10.5% YoY and higher than Pre-COVID period. Revenue excluding Petro retail business grew at 16% YoY

    21:14 (IST)22 Oct 2021
    Reliance Jio operating revenue grows 15%

    Quarterly operating revenue (net of GST) was Rs19,777 crore ($ 2.7 billion), growth of 15.1% adjusted for IUC, driven by continued subscriber traction in connectivity business. 

    21:06 (IST)22 Oct 2021
    Mukesh Ambani desires to bring India to forefront of global transition to clean, green transition

    We continue to make steady progress in accelerating our foray into New Energy and New Materials business. Our partnership approach and the desire to bring India to the forefront of global transition to clean and green transition is underscored by our recent investments in some of the best companies in the world in the solar and green energy space. Mukesh Ambani

    20:57 (IST)22 Oct 2021
    Reliance Retail continues to grow on rapid expansion of physical stores, digital offerings

    Our O2C business benefited from sharp recovery in demand across products and higher transportation fuel margins. Reliance Retail continues to grow on the back of rapid expansion of both physical stores and digital offerings resulting in healthy growth in revenues and margin expansion. Jio, Our digital services business continues to transform the broadband market in India and set new benchmarks for the industry. Mukesh Ambani

    20:55 (IST)22 Oct 2021
    RIL's strong Q2 on sharp recovery in retail segment, sustained growth in O2C, digital services biz

    As the pandemic retreats, I am pleased that Reliance has posted a strong performance in 2Q FY22. This demonstrates the inherent strengths of our businesses and the robust recovery of the Indian and global economies. All our businesses reflect growth over pre-COVID levels. Our operational and financial performance reflects sharp recovery in the retail segment and sustained growth in Oil-to-Chemicals (O2C) and Digital Services business, Mukesh Ambani said.

    20:52 (IST)22 Oct 2021
    Reliance Retail net profit surges 74%

    Reliance Retail net profit for the quarter stood at 1,695 crore, higher by 74.2%

    20:50 (IST)22 Oct 2021
    Reliance Retail gross revenue at Rs 45,426 crore

    Reliance Retail gross revenue for the quarter was Rs 45,426 crore, higher by 10.5%

    20:49 (IST)22 Oct 2021
    Reliance Jio ARPU at Rs 143.6 per subscriber per month

    Reliance Jio's total customer base as on 30th September 2021 stood at 42.95 crore, net addition of 2.4 crore customers. ARPU during the quarter of Rs 143.6 per subscriber per month

    20:47 (IST)22 Oct 2021
    Reliance Jio net profit grows by 23% in Q2

    Reliance Jio net profit for the quarter came in at Rs 3,728 crore, growth of 23.5%

    20:46 (IST)22 Oct 2021
    Reliance Jio consolidated gross revenue rises by 15%

    Reliance Jio's Gross Revenue for the quarter was Rs 23,222 crore, higher by 15.2% (adjusted for IUC)

    20:44 (IST)22 Oct 2021
    RIL consolidated Q2FY22 numbers

    Gross Revenue for the quarter was Rs 191,532 crore, higher by 49.2%EBITDA for the quarter was Rs 30,283 crore, higher by 30%Net Profit for the quarter was Rs 15,479 crore, higher by 46%Cash Profit for the quarter was Rs 23,932 crore, higher by 42.1%EPS for the quarter was Rs 20.9 per share, increased by 40.7%

    20:40 (IST)22 Oct 2021
    RIL posts a strong performance in 2QFY22

    I am pleased that Reliance has posted a strong performance in 2QFY22. This demonstrates the inherent strengths of our businesses and the robust recovery of the Indian and global economies, said Mukesh Ambani

    20:39 (IST)22 Oct 2021
    RIL Q2 consolidated profit soars 43% YoY

    Reliance Industries reported a 43 per cent year-on-year rise in consolidated net profit to Rs 13,680 crore for the quarter ended September,

    20:31 (IST)22 Oct 2021
    Reliance Jio posts Q2FY22 net profit at Rs 3,528 crore

    RIL's Reliance Jio posted a net profit of Rs 3,528 crore in July-September quarter

    20:28 (IST)22 Oct 2021
    RIL EBITDA at Rs 26,020 crore

    RIL EBITDA stood at Rs 26,020 crore, as comapred to Rs 23,368 crore in first quarter of the current fiscal

    20:26 (IST)22 Oct 2021
    RIL revenue comes in at Rs 1.58 lakh cr

    RIL revenue came in at Rs 1.58 lakh crore, against the Rs 1.4 lakh crore in the last quarter of the FY22

    20:24 (IST)22 Oct 2021
    RIL net profit at Rs 13,680 crore, up over 11% qoq

    Reliance net profit surges 11.5 per cent to Rs 13,680 crore versus 12,273 cr in the previous quarter

    20:17 (IST)22 Oct 2021
    RIL share price gains 0.15% ahead of Q2 results

    RIL share price gained 0.15 per cent to settle at Rs 2,627.05 apiece on BSE on Friday, ahead of Q2 results

    20:13 (IST)22 Oct 2021
    Reliance Q2FY22 preview: Retail growth to drive earnings, EBITDA may rise 25%; RIL stock eyes Rs 3000

    Mukesh Ambani’s Reliance Industries Ltd (RIL) is likely to post strong growth in net profit led by a rise in EBITDA in the July-September quarter of FY22. Analysts expect that Reliance will continue the momentum from the previous quarter into the second quarter of the current fiscal. The oil-to-telecom conglomerate has recently announced several acquisitions through subsidiaries, such as a 100% stake in Norway-based solar cell; panel and polysilicon maker REC Solar Holdings for $771 mn; and 25 million euros (USD29 million) stake in Germany’s NexWafe GmbH. On the stock performance front, RIL share price has soared nearly 10 per cent in the last month, 38 per cent in six months, and over 32 per cent in the year so far.

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    20:04 (IST)22 Oct 2021
    RIL announces a spate of acquisitions/joint development arrangements in last two months

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    19:46 (IST)22 Oct 2021
    RIL to post Q2 results shortly

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    19:44 (IST)22 Oct 2021
    Reliance shareholders approve appointment of Aramco Chairman on board

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    19:34 (IST)22 Oct 2021
    Q1 ARPU

    The average revenue per user (ARPU) for the previous quarter was at Rs 138.4, with improved subscriber mix  and better seasonality being offset by COVID impact.

    19:27 (IST)22 Oct 2021
    RIL Q1 recap: Reliance Jio highlights

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    19:26 (IST)22 Oct 2021
    RIL's oil &gas revenue up 153% in Q1 on YoY

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    19:24 (IST)22 Oct 2021
    The $10bn should generate Rs 180 bn of EBITDA for RIL

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    19:22 (IST)22 Oct 2021
    RIL Q1 recap: Best-ever quarter for Reliance digital

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    19:14 (IST)22 Oct 2021
    RIL Q1 recap: Oil-to-Chemical revenue

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    19:09 (IST)22 Oct 2021
    Long term prospects of RIL provide comfort for long term value creation

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    19:08 (IST)22 Oct 2021
    RIL Q1 recap: Reliance Retail

    Reliance Industries reported a net profit of Rs 962 crore during the previous quarter. 

    18:56 (IST)22 Oct 2021
    RIL Q1 recap: Jio Platforms report net profit

    Jio platforms reported a Net Profit of Rs 3,651 crore during the previous quarter. The total customer base as on 30th June 2021 was 440.6 million with net addition of 42.3 million customers.

    18:55 (IST)22 Oct 2021
    Reliance deal: Amazon in Supreme Court against Future’s meetings

    Following the order by the Singapore arbitration tribunal, which largely goes in its favour, Amazon.com has filed a fresh plea in the Supreme Court against the National Company Law Tribunal’s order which allowed Future Retail (FRL) to convene meetings of its shareholders and creditors for seeking approval to sell its retail assets to Reliance Retail.

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    18:53 (IST)22 Oct 2021
    RIL Q1 recap: Revenue surged on-year basis

    Reliance Industries reported an operating profit of Rs 1.44 lakh crore during the April-June quarter, up from Rs 91,238 crore from the previous year.

    18:52 (IST)22 Oct 2021
    RIL Q1 recap: Profit slipped

    Reliance Industries had reported a net profit of Rs 12,273 crore in the April-June quarter, down from Rs 13,233 crore in the same period last year.

    18:41 (IST)22 Oct 2021
    Focus on the hydrogen value chain offers significant opportunities to decarbonise energy operations

    RIL plans to transform its energy business with an over-arching strategy to offer decarbonisation solutions globally at a competitive price (similar to its existing energy portfolio) in a market potentially worth US$5 trillion by 2030. The strategy is to provide supporting infrastructure in areas of hydrogen, integrated solar PV and grid batteries – all areas with high entry barriers, technological advances and good returns. It plans to create four giga-factories (~US$12bn investment, we estimate) offering the entire spectrum of renewable/distributed energy solutions, as it capitalises on India's quartz and silicon resources. The focus on the hydrogen value chain offers significant opportunities to decarbonise energy operations, compliment energy storage with batteries and potentially export green ammonia. Morgan Stanley

    18:22 (IST)22 Oct 2021
    Reliance Retail acquires majority stake in Ritu Kumar’s firm Ritika

    Reliance Retail Ventures Ltd (RRVL) has acquired a 52 per cent stake in veteran couturier Ritu Kumar’s firm Ritika Pvt Ltd for an undisclosed amount. “RRVL’s majority equity acquisition in Ritika Pvt Ltd included completely acquiring Everstone’s 35 per cent stake in the company,” a joint statement said.

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    18:20 (IST)22 Oct 2021
    Reliance Jio gains 6.49 lakh mobile users in August

    India’s largest telecom operator Reliance Jio gained 6.49 lakh mobile users in August leading the subscriber addition tally. Jio continued to outpace rivals in subscriber gains, adding 6.49 lakh wireless users in August, as its mobile base swelled to 44.38 crore.

    Read full story

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