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    Q3 Results Highlights: Reliance Industries profit at record Rs 18,549 crore, beats Street estimates; Jio profit at Rs 3,615 crore

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    Q3 Results Highlights: Reliance Industries profit at record Rs 18,549 crore, beats Street estimates; Jio profit at Rs 3,615 crore

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    Reliance Industries Q3 Results Highlights: Reliance Industries Ltd (RIL) reported a strong set of earnings for the October-December period, led by robust operational and financial performances across verticals. Reliance Industries' quarterly consolidated net profit came in at a record Rs 18,549 crore, up 33.8 percent on a quarter-on-quarter basis. Reliance Retail Ventures' revenue increased 27 percent sequentially. The oil-to-chemicals and oil and gas units saw revenue growth of nine percent and 55.7 percent respectively. Reliance Jio Infocomm's revenue growth stood at 3.3 percent, and average revenue per user (ARPU) improved to Rs 151.6/month from Rs 143.6/month in the previous quarter.

    Q3 Results Highlights: Reliance Industries profit at record Rs 18,549 crore, beats Street estimates; Jio profit at Rs 3,615 crore
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    • Reliance Industries Q3 | Net profit beats Street estimates; Jio ARPU rises to Rs 151.6/month

      Reliance Industries reported a record consolidated net profit of Rs 18,549 crore for the quarter ended December, up 33.8 percent sequentially. Quarterly revenues stood at Rs 1.85 lakh crore for the conglomerate, as against Rs 1.67 lakh crore in the previous quarter, led by robust operational and financial performance across verticals. (Read more on Reliance Industries' results)

      Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

    • Overall interesting set of numbers from Reliance Industries: Prabhudas Lilladher's Amnish Aggarwal 

      Amnish Aggarwal, Head of Research at Prabhudas Lilladher, said the conglomerate posted an interesting set of numbers overall. "I think as we go along, it will depend upon how the projections go and whether there will be further updates to the target price,” he said. 

      “I think things are looking good, particularly the gas prices have been holding on. Margins in the oil and gas segments have been good and in retail, as you are witnessing, I think if the third wave particularly is not that devastating and slowly if we see people again going back to malls and stores, say maybe in another couple of weeks, I think retail is something which will have a long, long way to grow," he said. Aggarwal also said this was the first quarter after two years that was normal for the industry.

      "Even in the case of telecom, I can say the price increases that had happened in the last quarter will also get reflected in the numbers fully in the coming quarters," he added.

    • Reliance Jio revenue largely in line with expectation: IIFL Securities' Balaji Subramanian 

      Balaji Subramanian, Vice President of IIFL Securities, said Reliance Jio’s revenue was largely in line with expectations. "Even though the ARPU has come in ahead of my estimate, the EBITDA margin is where the positive surprise is. I was expecting an EBITDA margin of 48.2 percent and they have delivered 49.2 percent. So it is a pretty decent set of numbers,” he said.

    • Reliance Industries Q3 numbers absolutely stellar on all counts: Prakash Diwan 

      Market expert Prakash Diwan said the conglomerate's quarterly numbers are "absolutely stellar on all counts".

      "Just look at each of these verticals. Everywhere, for the last few quarters, and you add a little bit of lag, whether it was the oil and gas area, where there was an issue in terms of things not kind of finally falling in place... You had the Future Retail issue; the tiff with Amazon took a toll, and things had to be pushed. Jio had its own share of problems; the launch was delayed, and ARPUs not kind of inching up. But everything seems to be falling in place," he said. 

      Diwan believes the stock has been holding its ground in the market "even where in 4-5 days, you have seen this whole sell-off from the FIIs... Largecap erosion has still not impacted this stock. Anecdotally, Reliance doesn't move very significantly after results. It kind of pauses, consolidates a bit, and then kind of takes off, and these numbers are absolutely out of the park. We are just waiting to hear some commentary on the new energy business. If that is also something positive, I don't think you could ask for anything better," he added.

    • Reliance Industries Q3 numbers absolutely convincing: Deven Choksey 

      Deven Choksey of KRChoksey said in an interaction with CNBC-TV18 that Reliance Industries' Q3 numbers are absolutely convincing. "In Jio’s case, largely two factors have played a big role: the new smartphone that they have launched, which has started bringing in a number of customers, and the fiber-to-home and fiber-to-enterprise area," he said. 

      “The consumer businesses, Jio Platform and the retail business, are actually registering a claim of higher rating. Till now the company with its oil-to-chemical business wouldn’t get that kind of rating because of a variety of reasons. However, now with Jio Platform and the retail business, their portfolio is registering higher growth... I think they are somewhere around 45 percent of total profits. So if you see these businesses contributing more than 50 percent of profits, a re-rating is on the cards as far as overall Reliance is concerned,” he added.

    • Reliance making steady progress towards achieving Net Carbon Zero vision by 2035: Mukesh Ambani

      “We are making steady progress towards achieving our vision of Net Carbon Zero by 2035. Our recent partnerships and investments in technology leaders in the solar and green energy space is illustrative of our commitment to partner India and the World in the transition to clean and green energy," said Mukesh Ambani, Chairman and Managing Director, Reliance Industries. 

      "We continue to pursue growth initiatives and collaborate with global leaders who share our vision of co-developing a more sustainable future for our planet,” he added.

    • Reliance Industries Q3 | Retail profit at Rs 2,259 crore

      Reliance Retail's revenue increased to Rs 57,717 crore in Q3, from Rs 45,450 crore in Q2. 

      Reliance Industries reported Rs 3,835 crore in earnings before interest, taxes, depreciation and ammortisation (EBITDA) from the retail arm. For the quarter ended September 2021, Reliance Retail's EBITDA had stood at Rs 2,923 crore. Its  EBITDA margin was at 6.6 percent in Q3 as against 6.4 percent in Q2. 

      Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

    • Reliance Industries Q3 | Oil & gas revenue up 56% at Rs 2,559 crore

      Reliance Industries reported revenue of Rs 2,559 crore from its oil & gas business. For the previous quarter, the unit's revenue had stood at Rs 1,644 crore. (Read more on oil & gas unit's performance)

      Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

    • Reliance Industries Q3 | Oil-to-chemicals revenue up 9% to Rs 1.31 lakh crore

      Reliance Industries' revenue from the oil-to-chemicals business rose to Rs 1.31 lakh crore in Q3 from Rs 1.20 lakh crore in Q2. 

      The group reported Rs 11,667 crore in earnings before interest and taxes (EBIT) from the unit, as against Rs 10,747 crore in the previous quarter. Its quarterly EBIT margin remained at 8.9 percent. (Read more on oil-to-chemicals unit's performance)

      Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

    • Reliance Jio Results | ARPU rises to Rs 151.6 in Q3 from Rs 143.6 in Q2

      The average revenue per user of Reliance Industries' telecom arm, Reliance Jio Infocomm, improved to Rs 151.6 in the October-December period from Rs 143.6 in the previous quarter.

      The telecom company's subscriber base was at 421 million in Q3, as against 429.5 million in Q2. (Read more on Reliance Jio earnings)

      Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

      Q3 Results Highlights: Reliance Industries profit at record Rs 18,549 crore, beats Street estimates; Jio profit at Rs 3,615 crore
    • Digital services business delivered broad-based, sustainable profitable growth: Mukesh Ambani 

      Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

      Q3 Results Highlights: Reliance Industries profit at record Rs 18,549 crore, beats Street estimates; Jio profit at Rs 3,615 crore
    • Mukesh Ambani says Reliance delivered record operational results with strong contribution from all businesses

      “I am happy to announce that Reliance has posted yet another quarter of stellar performance in 3Q FY22. We have delivered record operational results with strong contribution from all our businesses,” said Mukesh Ambani, Chairman and Managing Director, Reliance Industries.

      Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

      Q3 Results Highlights: Reliance Industries profit at record Rs 18,549 crore, beats Street estimates; Jio profit at Rs 3,615 crore
    • Reliance Q3 Results | Mukesh Ambani says both consumer businesses recorded highest ever revenues, EBITDA 

      Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

    • Reliance Industries Q3 | Revenue at Rs 1.85 lakh crore vs Street estimate of Rs 1.93 lakh crore

      Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

    • Reliance Industries Q3 | Net profit at Rs 18,549 crore, beats Street estimates

      Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

    • Reliance Jio Q3 | EBITDA at Rs 9,514 crore, exceeds Street estimates

      Reliance Jio Infocomm posted earnings before interest, taxes, depreciation and ammortisation (EBITDA) of Rs 9,514 crore for the December quarter. Its EBITDA margin came in at 49.2 percent. 

      Analysts in a CNBC-TV18 poll had estimated the EBITDA at Rs 9,367.5 crore and the EBITDA margin at 48.5 percent. 

      Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

    • Reliance Jio Q3 | Net profit at Rs 3,615 crore, beats Street estimates

      Reliance Jio Infocomm reported a net profit of Rs 3,615 crore for the December quarter. Its revenue came in at Rs 19,347 crore -- a third straight quarter of revenue growth.

      Analysts in a CNBC-TV18 poll had predicted the telecom operator's net profit at Rs 3,451 crore over revenue of Rs 19,330 crore. 

      Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

    • Reliance Industries Q3 Results | Street expects EBITDA of Rs 28,700 crore

      Analysts in a CNBC-TV18 poll predict Reliance Industries' earnings before interest, taxes, depreciation and ammortisation (EBITDA) at Rs 28,700 crore, and the EBITDA margin at 14.8 percent.

      Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

      Q3 Results Highlights: Reliance Industries profit at record Rs 18,549 crore, beats Street estimates; Jio profit at Rs 3,615 crore
    • Reliance Industries shares are up nearly 5% YTD

      Reliance Industries Ltd (RIL) shares are up 4.6 percent so far in the New Year, as against the Nifty50's return of 1.5 percent.

      Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

    • Q3 Results | Vodafone Idea net loss widens to Rs 7,231 crore 

      Vodafone Idea reported a net loss of Rs 7,230.9 crore for the quarter ended December. The private sector telecom operator's net loss for the previous quarter had stood at Rs 7,132.3 crore. 

      Its revenue, however, increased 3.3 percent sequentially to Rs 9,717.3 crore.

      The company reported Rs 3,816.5 crore in earnings before interest, taxes, depreciation and ammortisation (EBITDA) for Q3, as against Rs 3,862.9 crore for Q2. 

      Vi's EBITDA margin was at 39.2 percent in the December quarter, as against 41 percent in the July-September period. 

    • Reliance Industries shares flat ahead of Q3 results

      Reliance Industries Ltd (RIL) shares ended flat at Rs 2,478.1 apiece on BSE ahead of the conglomerate's earnings announcement, having moved within a range of Rs 2,450-2,502 apiece during the session. 

      Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

    • Reliance Industries Q3 Results | Street expects 13% sequential rise in profit to Rs 15,660 crore

      Analysts in a CNBC-TV18 poll predict Reliance Industries to post a net profit of Rs 15,660 crore over revenues of Rs 1.93 lakh crore. (Read more on what to expect from Reliance Industries' Q3 earnings)

      Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

    • Q3 Results | CSB Bank reports total income of Rs 579.81 crore; net profit Rs 148.25 crore, up 25% QoQ

      CSB Bank, in its quarterly earnings report on Friday, reported a total income of Rs 579.81 crore for the quarter ended December 31, 2021, as against Rs 555.64 crore a quarter previously. The bank also reported a net profit of Rs 148.25 crore, a quarter-on-quarter increase of 25% from Rs 118.57 crore.  

    • Q3 Results | Polycab India Limited reports total income of Rs 3,362.8 crore, profit of Rs 388 crore 

    • Market selloff: Investors lose Rs 10.36 lakh crore in 4 days

      Investors have become poorer by over Rs 10.36 lakh crore in the last four trading sessions as the domestic equity benchmarks extended their losses amid weak global trends. The Sensex and Nifty closed in the red for the fourth straight session on Friday amid continued selling by foreign institutional investors. The BSE Sensex ended 427.44 points or 0.72 percent lower at 59,037.18. The 30-share benchmark has lost 2,271.73 points in four sessions. In line with the weak trend, the market capitalisation of BSE-listed companies plunged by a massive Rs 10,36,636.17 crore in the last four trading sessions to stand at Rs 2,69,65,801.54 crore. The market capitalisation of BSE-listed firms had reached a lifetime high of Rs 2,80,02,437.71 crore on Monday.

    • Hindustan Unilever settles 3 percent higher on strong Q3 numbers

      Shares of Hindustan Unilever Ltd defied the muted broader market trend and surged as much as 3 percent on Friday after the FMCG major reported strong December quarter earnings. On BSE, the stock opened at Rs 2,282.00, then jumped 3.15 percent and touched an intra-day high of Rs 2,333.05 during the session. It finally settled at Rs 2,322.20, up 2.68 percent.

    • L&T Finance Q3FY22 Results

      L&T Finance Limited, in its quarterly earnings report on Friday, said its net profit after tax stood at Rs 30.91 crore and net worth at Rs 10,838.61 crore in the quarter ended December 31, 2021. The company said its net profit margin for the quarter stood at 38.74 percent.

    • Q3 Results | Reliance Industries to report earnings today

      Oil-to-telecom conglomerate Reliance Industries will report its earnings for the October-December period later in the day.

      RIL shares ended flat at Rs 2,478.1 apiece on BSE. 

      Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

    • Gold rises Rs 29 on global cues; silver jumps Rs 634

      Gold prices rose Rs 29 to Rs 48,340 per 10 grams in the New Delhi on Friday following overnight gains in the international precious metal prices, according to HDFC Securities. In the previous trade, the yellow metal had settled at Rs 48,311 per 10 grams. Silver prices also soared Rs 634 to Rs 65,112 per kg, from Rs 64,478 per kg in the previous trade.

    Reliance Industries Q3 Results Highlights
    : Reliance Industries Ltd (RIL) reported a strong set of earnings for the October-December period, led by robust operational and financial performances across verticals. Reliance Industries' quarterly consolidated net profit came in at a record Rs 18,549 crore, up 33.8 percent on a quarter-on-quarter basis. Reliance Retail Ventures' revenue increased 27 percent sequentially. The oil-to-chemicals and oil and gas units saw revenue growth of nine percent and 55.7 percent respectively. Reliance Jio Infocomm's revenue growth stood at 3.3 percent, and average revenue per user (ARPU) improved to Rs 151.6/month from Rs 143.6/month in the previous quarter.
    Note To Readers

    Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

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