27 October 2023| 08:10 pm
Jio customer base expands | Q2 results
Jio added 1.1 crore subscribers during the quarter. Meanwhile, average revenue per users (ARPU) increased 2.5% year-on-year to ₹ 181.7 due to better subscriber mix.
27 October 2023| 08:00 pm
Lower oil prices hurt topline | Q2 results
The revenue from oil & gas business reduced by 7.3% year-on-year to ₹ 147,988 crore due to a 14% fall in crude oil prices. This resulted in lower price realisation for products. The margins or profitability were compressed because of higher costs related to commissioning and ramp-up of MJ field and decommissioning activities at Tapti field.
27 October 2023| 07:50 pm
Store expansion spree | Q2 results
The company added 471 new stores, taking the total store count to 18,650. In the September quarter, the retail business recorded footfalls of over 26 crore across formats, a growth of 40.5% year-on-year.
27 October 2023| 07:30 pm
Reliance Q2 profit rises | Q2 results
The consolidated net profit of Reliance Industries rose 29.7% year-on-year to ₹19,878 crore. Meanwhile, the company’s revenue rose 1.2% to ₹255,996 crore. The revenue growth was supported by the company’s consumer business.
27 October 2023| 03:30 pm
Reliance Industries closes in the green | Q2 results
Ahead of the results, shares of the oil-to-telecom conglomerate closed around 1.7% higher. This helped the NIFTY50 index to move above the 19,000-mark. All eyes are now on Reliance Industries’ September quarter results, which will be announced later today.
27 October 2023| 01:00 pm
Q2 FY24 Preview | Q2 results
Reliance Industries’ net profit and revenue are expected to grow sequentially due to robust refining profitability (margins) and relatively better performance across the oil-to-chemical segment. The revenue is expected to grow 4.5% QoQ to ₹223,434 crore. The net profit is also expected to rise 5% to ₹17,851 crore.
27 October 2023| 12:00 pm
Jio Space Fibre unveiled | Q2 results
Reliance Jio has launched India’s first-ever satellite-based giga fibre service. Jio Space Fibre offers broadband connectivity and cost-effective pricing to users. Currently, Jio serves 45 crore Indian consumers.
27 October 2023| 11:30 am
Reliance Industries Update | Q2 results
Ahead of the September quarter results, shareholders have approved the appointment of Isha Ambani, Akash Ambani and Anant Ambani as non-executive directors. Meanwhile, Reliance Industries shares were up 1.8% at 12 noon.
27 October 2023| 11:00 am
Reliance-Disney Deal? | Q2 results
Reliance Industries announced the demerger of Jio Financial Services in July 2023. Shares of the financial services company listed at ₹262 per share. However, following the listing, the shares have declined 17%. Meanwhile, according to reports, Reliance Industries is all set to buy Walt Disney’s India operations. The business is reported valued between $7 billion to $10 billion.
27 October 2023| 10:30 am
Oil-to-telecom conglomerate | Q2 results
Reliance Industries is a diversified conglomerate with presence in oil-to-chemical, new energy, retail and telecom. The company holds A weightage of around 9% – the second largest stock in the benchmark index – NIFTY50.
27 October 2023| 10:00 am
Reliance Industries Q2 FY24 Preview : Shares on the rise
Oil-to-telecom conglomerate Reliance Industries (RIL) is all set to announce its September quarter results later today. Ahead of the Q2 results, shares of Reliance Industries were up 1.5% in early trade. As per analyst consensus estimates, the consolidated profit is expected to rise 11.5% to ₹17,851 crore. Stay tuned for more updates.