Reliance Industries Q3 result: Gross revenue jumps 3.2% YoY, Profit after tax rises 10.9% YoY

Mukesh Ambani-led conglomerate reported EBITDA of ₹44,678 crore, an increase of 16.7% Y-o-Y, while EBITDA margin was at 18%, an improvement of 210 basis points.

Segment-wise, the Jio Platform reported an 11.4% YoY increase in revenue led by robust subscriber growth across mobility and homes and the benefit of mix improvement in ARPU. Reliance Jio Average revenue per user (ARPU) improved by 2% YoY to ₹181.7 per subscriber per month.

Revenue for Reliance Retail Ventures grew by 22.8% YoY led by strong growth in consumption across key categories like Grocery, Fashion & Lifestyle and Consumer Electronics businesses.

Oil-to-Chemical revenue declined by 2.4% primarily on account of lower price realisation, led by 5.3% YoY decline in average Brent crude oil prices. Meanwhile, revenue from Oil & Gas segment increased significantly mainly on account of higher volumes partly offset by lower gas price realisation from KG D6 field.