Reliance Industries Profit after tax improved by 10.9% Y-o-Y at 19,641 crore INR for quarter ending Dec-2023 and it is better than street expected

Reliance Industries Profit after tax improved by 10.9% Y-o-Y at 19,641 crore INR for quarter ending Dec-2023 and it is better than street expected.

Net Profit after deducting minority interest and adding associates for quarter ending Dec-2023 was 17,265 Crores INR and in previous year for quarter ending Dec-2022 it was 15,792 Crores INR.

Among the listed companies, RIL is India's biggest company.

Revenue for JPL (Jio Platforms Limited) increased by 11.4% Y-o-Y, led by robust subscriber growth across mobility and homes, and benefit of mix improvement in ARPU.

Revenue for RRVL (Reliance Retail Ventures Limited) grew by 22.8% Y-o-Y with strong growth across all consumption baskets. (Grocery- 41%, Fashion & Lifestyle- 28%, Consumer Electronics– 19%.)

O2C (Oil to Chemical) revenue declined by 2.4% primarily on account of lower price realization led by 5.3% Yo-Y decline in average brent crude oil prices.

Revenue from Oil & Gas segment increased significantly mainly on account of higher volumes partly offset by lower gas price realization from KG D6 field.