Reliance Q1 profit falls 25% to Rs 23,196 crore; retail revenue up 8%, ebitda flat
RIL's Q1 net profit dropped 25% to Rs 23,196 crore against a prior-year one-off, even as revenue climbed 25% to Rs 3.1 lakh crore. Reliance Retail revenue rose 8% but ebitda stayed flat at Rs 6,309 crore; consumer products revenue edged up 2% to Rs 8,600 crore. Jio hit 533 million customers.
Reliance Industries Q1 profit fell 25% to Rs 23,196 crore on a prior-year one-off, though revenue rose 25%. Retail ebitda was flat at Rs 6,309 crore with revenue up 8%; consumer products revenue rose 2%.
Why this matters
Reliance Retail crossed Rs 90,409 crore in Q1 and the parent topped Rs 3 lakh crore for the first time, while O2C revenue jumped 30% on higher crude. FIIs meanwhile cut RIL stake to a decade-low as promoters bought in.
Retail-company signals accelerating, up 871900% QoQ.