Thank you for joining our coverage of RIL Q4 Result. We will now wrap the blog. Good night, folks!

Apr 21, 2023 11:04 PM

Reliance Industries’ revenue surpasses $100 billion mark in FY23

The company’s O2C segment posted its highest-ever operating profit in Q4FY23, despite global uncertainties and disruptions in commodity trade flows.

Apr 21, 2023 10:54 PM

Reliance Q4 Results | March quarter key highlights

Reliance Retail continues its growth momentum with a gross revenue of Rs 69,267 crore, a 19 percent year-on-year increase. Grocery business grows 66 percent, fashion and lifestyle grows 19 percent while consumer electronics excluding devices grows 37 percent. EBITDA at Rs 4,914 crore, up 33 percent year-on-year. EBITDA Margin on net sales was at eight percent, up +70 bps. EBITDA from operations at Rs 4,769 crore, up 33 percent year-on-year. The retail arm expanded its physical store network with 966 new store openings having an area of 6 million sq ft.

Apr 21, 2023 8:44 PM

Reliance Q4 Results | Reliance Retail report March quarter numbers

Here's how the numbers fared:

Apr 21, 2023 8:33 PM

Reliance Q4 Result Live | Market expert Prakash Diwan on Reliance O2C

“The O2C business has an element of gas pricing which has not yet been completely factored in. The petchem business is probably is the one that has gone into a steady state on both revenue and margins but refining will continue to have its own share of ups and downs given global geopolitical situations. My sense is that the more E&P work that comes through on the gas side, means that you will start seeing expansion and that is something which could definitely lead to operating leverage. O2C is the core business, it is the oldest business and if that were to fire then it becomes a very strong base for the capital intensive nature of other businesses to be sustained,” Prakash Diwan.

Apr 21, 2023 8:21 PM

Reliance Q4 Result Live | Reliance O2C posts highest-ever operating profit in FY23

Reliance Industries’ oil to chemicals (O2C) business saw a dip in revenue for the January to March 2023 quarter to Rs 128,633 crore, a dip of over 11 percent compared to corresponding quarter last year. (Read more on Reliance O2C Q4)

Apr 21, 2023 8:20 PM

Reliance Jio Results | Here's how Reliance Jio fared in FY23

Apr 21, 2023 8:16 PM

Reliance Q4 Results | Reliance Industries report March quarter numbers

Here's how the numbers fared:

Apr 21, 2023 8:07 PM

Reliance Q4 Results | Market expert Prakash Diwan on Reliance

“Reliance stock has been languishing more because of the fact that there are a lot of new businesses that are seeing investments happen. Even the 5G rollout has been fairly intensive in terms of capital allocation. So while retail and core refining O2C business may not be capital hungry, but these new businesses tend to kind of take the balancesheet into a little bit of a lopsided view where you may have to wait for things to start paying off. That is the reason everybody keeps on looking at that as optionality which in at some point maybe in next 18-24 months start kicking and then there will be a very sharp surge in the valuations of the stocks. All put together I think it makes it more attractive for a long term investor to buy. However we are in an environment where FIIs have been selling, ETFs have been exiting and that is why the stock remains under some sort of pressure. However I think it is absolutely on its way to Rs 3000+ mark in the next 12 months given the Q4FY23 earnings,” says Diwan.

Apr 21, 2023 8:04 PM