Moneycontrol
HomeNewsBusinessMoneycontrol ResearchRIL Q1: Strong showing across businesses
Trending Topics
Sensex Live
SEBI Board Meeting
Urban Company IPO GMP
Consolidated Construction Shares
Austere Systems IPO GMP

RIL Q1: Strong showing across businesses

Nitin Agrawal & Nitin Sharma & Bharat Gianani & Anubhav Sahu   •

Traction in new age businesses such as retail, media, digital and renewables presents RIL significant scale and scope in times to come

Reliance Industries: Reliance Industries clocks 41% YoY growth in Q1 profit with best ever quarterly revenue for Reliance Retail, Jio Platforms. The billionaire Mukesh Ambani-owned company reported robust operating and financial performance across all businesses for the quarter ended June 2022, with highest ever quarterly revenue for O2C (oil-to-chemical) business in a volatile environment, and best ever quarterly revenue for Reliance Retail, and Jio Platforms. The company clocked a 41% year-on-year growth in consolidated profit after tax at Rs 19,443 crore in Q1FY23, and gross revenue grew by 53% to Rs 2,42,982 crore for the quarter YoY, while EBITDA for the quarter at Rs 40,179 crore was higher by 45.8%. Disclosure: Moneycontrol is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

To read the full story,

Subscribe to Moneycontrol PRO
  • Ad-free Experience
  • Access Exclusive Stories
  • Weekly Investment Ideas
  • Daily Technical Calls

Are you a PRO subscriber? Sign In

What Do You Get

  • Ad free Experience

    Seamless navigation, faster responses.

  • Expert Perspective

    Explore 230+ exclusive editorials every month

  • +

    Uncover Insights from World-Renowned Experts and Journalists

  • Actionable Insights

    40+ weekly investment ideas + 3 to 4 daily technical calls

  • Virtual Events

    Exclusive Live Webinars for Expert Trading & Investment Strategies!

  • Newsletters

    Stay ahead with daily and weekly insights

View Offers

Unlock exclusive discounts

Disclosure & Disclaimer

This Research Report / Research Recommendation has been published by Moneycontrol Dot Com India Limited (hereinafter referred to as “MCD”) which is a registered Investment Advisor under the Securities and Exchange Board of India (Investment Advisers) ...Read More