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    Global hunger declines, but rises in Africa and western Asia: UN report

    L&T Technology Services Wins ~$60 Million Software Engineering Engagement From US Tier-I Telecom Provider

    Roche provides regulatory update on Elevidys™ gene therapy for Duchenne muscular dystrophy in the EU

    Wipro Wins Multi-Year “Smart Grid” Deal from Saudi Electric Company

    Glion awarded prestigious Swiss Federal Accreditation

    Global childhood vaccination coverage holds steady, yet over 14 million infants remain unvaccinated – WHO, UNICEF

  • National
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    • Economy & Politics
    • Election

    “World Tiger Day” celebrated.

    SOURCE:REALME

    realme Launches 15 Series with Industry-First AI Edit Genie and Segment leading Performance

    ShareChat & Moj Announce Second Edition of ‘Short Form Big Impact Leadership Summit 2025’

    Prakash Varma to Inaugurate Creators & Marketers School in Calicut

    Himalaya Wellness Champions Bhringaraja in New Anti-Hair Fall Campaign with a Tale of Friendship

    L&T Technology Services Wins ~$60 Million Software Engineering Engagement From US Tier-I Telecom Provider

  • Business

    Thomas Cook India net profit stays flat at Rs 73.4 crore in April-June

    Nissan’s contribution to Renault Group’s second quarter 2025 earnings

    Punjab National Bank (PNB) announces First Quarter Financial Results for the Quarter Ended 30th June 2025

  • Health

    Apollo Bannerghatta Achieves 600+ Ultrafast Fully Automatic Robotic Knee Replacement Surgeries Under Dr. K.T. Rajashekar

    Government Strengthens Measures for Consumer Protection and Curb Unverified Claims by Ayush Product Manufacturers

    Roche provides regulatory update on Elevidys™ gene therapy for Duchenne muscular dystrophy in the EU

    “Every transplant at Kauvery is a commitment to giving life where hope is fading”-Dr. S Vijayabaskaran, Executive Director – Bangalore & Hosur.

    Global childhood vaccination coverage holds steady, yet over 14 million infants remain unvaccinated – WHO, UNICEF

    “The relaunch is our way of expressing gratitude to our early patrons and reintroducing the space with renewed energy.”-Mr. Arup Chatterjee Regional Manger South spokesperson from Barbeque Nation Hospitality Ltd.

  • Technology
    • All
    • Environment
    • Science

    Eveready Launches India’s 1st Ever Hybrid Torch with Sonakshi Sinha-starrer ‘Nikita Roy’

    Sony India launches WF-C710N earbuds with Dual Noise Cancelling and smart AI calling features

    HAL receives first set of wing assemblies for LCA Mk1A from L&T

    Emerson NI Days India 2025

    Industry leaders unveil innovative solutions for print, branding, signage and digital displays.

    “This University Is Not Just an Institution—It’s a Mini City of Engineers”: Union Minister Scindia

  • Auto
    Source: Rolls-Royce Motor Cars PressClub

    ROLLS-ROYCE IN SAINT-TROPEZ: A SUMMER AT THE RIVIERA’S MOST DISTINGUISHED ADDRESSES

    Challenging half year – Audi realignment gains momentum

    Mahindra XUV 3XO ‘REVX’ LAUNCHED:

    Piaggio Vehicles brings in a new era of Apé Electrik; launches the all-new Apé E-City Ultra and the Apé E-City FX Maxx

  • Sports

    Four Seasons Hotel Singapore Serves Up a Luxury Sports Experience with Inaugural Summer Smash Padel and Pickleball Tournament Event

    Over 99% of Indian Children Want to Play Sports but 1 in 4 P.E. Classes Get Cancelled, Shows National Survey by Sportz Village

    Gulbarga Mystics to face Mangaluru Dragons in season opener of Shriram Capital Maharaja Trophy KSCA T20  

    ‘The corner defender is the pillar of the team:’ Yogesh Dahiya on his record-breaking Bulls move

  • Entertainment

    “Virgin Boys” – A Bold Telugu Youth Drama Captures Hearts Across Theatres

    Vogue Wedding Atelier presented by HSBC India at Taj Palace, New Delhi, from 8-10 August 2025

    A New Era in Luxury Weddings – Vogue Wedding Atelier Debuts in India

    GenS Life and Dowith Lit Present ‘Senior Spotlight’: Bengaluru’s Open Mic Celebration for the 55+

    PMJ Jewels Launches PMJ SuperStar Bracelet and ‘Celebrating Daughters’ Campaign

    ‘Waves’ an OTT platform that offers clean family-friendly content: Sunil Bhatiya, Deputy Director General, Doordarshan Kendra, Panaji

    Sri Sai Gold Palace’s 7th store inaugurated in Malleshwaram,Bengaluru.

  • Lifestyle
    • All
    • Food
    • Travel

    Apollo Bannerghatta Achieves 600+ Ultrafast Fully Automatic Robotic Knee Replacement Surgeries Under Dr. K.T. Rajashekar

    GKB Opticals Unveils Experiential Flagship Store in Bengaluru

    Arunachal Minister inaugurates IITM Travel Fair in Bengaluru

    Moments that CLiQ Sale on Tata CLiQ Fashion, Tata CLiQ Luxury, and Tata CLiQ Palette

    Tata CLiQ’s Moments that CLiQ Sale across fashion, luxury and beauty is set to begin the celebrations for the festive season

    “Every transplant at Kauvery is a commitment to giving life where hope is fading”-Dr. S Vijayabaskaran, Executive Director – Bangalore & Hosur.

    Absolute Hotel Services Signs Second Landmark Property in Rajasthan — New Upscale Retreat in Ajmer Marks Strategic Cluster Expansion

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CONSOLIDATED RESULTS FOR QUARTER ENDED 30TH JUNE, 2024

FWM by FWM
July 19, 2024
in Business
0

UARTERLY CONSOLIDATED REVENUE AT ₹ 257,823 CRORE ($ 30.9 BILLION), UP 11.5% Y-o-Y
QUARTERLY CONSOLIDATED EBITDA AT ₹ 42,748 CRORE ($ 5.1 BILLION), UP 2.0% Y-o-Y
RECORD QUARTERLY PROFIT AFTER TAX OF JIO PLATFORMS AT ₹ 5,698 CRORE
QUARTERLY PROFIT AFTER TAX OF RELIANCE RETAIL AT ₹ 2,549 CRORE

Quarterly Performance (1Q FY25 vs 1Q FY24)
• Gross Revenue was ₹ 257,823 crore ($ 30.9 billion), up 11.5% Y-o-Y, led by O2C on higher oil &
product prices and Oil & Gas segment with strong growth in volumes. Steady growth in consumer
businesses also contributed to increase in revenue.
• EBITDA increased by 2.0% Y-o-Y to ₹ 42,748 crore ($ 5.1 billion). Strong contribution from Oil & Gas
and consumer business offset weak O2C.
o JPL EBITDA increased 11.6% Y-o-Y primarily on account of healthy revenue growth and
operating leverage.
o EBITDA for RRVL increased by 10.5% led by increase in footfalls and expansion of store
footprint, streamlining of operations driving margin improvement.
o O2C EBITDA was lower by 14.3% on account of lower gasoline cracks (-30%) and lower
downstream chemical deltas, particularly PE (-17%), PP (-16%) and integrated polyester
margin (-15%).
o Oil and Gas segment EBITDA increased by 29.8% on account of higher volumes from KG D6.
• Depreciation increased by 15.5% Y-o-Y to ₹ 13,596 crore ($ 1.6 billion) on expanded asset base
across all the businesses, higher network utilization in Digital Services business, higher retail store
count and ramp-up in upstream production.
• Finance Costs increased by 1.4% Y-o-Y to ₹ 5,918 crore ($ 710 million) primarily due to higher
interest rates.
• Tax Expenses decreased Y-o-Y to ₹ 5,786 crore ($ 694 million).
• Profit after tax decreased Y-o-Y to ₹ 17,448 crore ($ 2.1 billion).
• Capital Expenditure for the quarter ended June 30, 2024, was ₹ 28,785 crore ($ 3.5 billion).

Commenting on the results, Mukesh D. Ambani, Chairman and Managing Director, Reliance
Industries Limited said: “Consolidated EBITDA for the quarter improved from a year ago with strong
contribution from Consumer and Upstream businesses offsetting weak O2C operating environment.
Reliance’s resilient operating and financial performance in this quarter underscores the strength of its
diverse portfolio of businesses. Importantly, these businesses are contributing significantly to India’s
growth, providing vital energy and vibrant channels for digital and physical distribution of goods and
services.
The digital services business registered an impressive financial performance year-on-year, continuing its
positive growth momentum. Jio’s True 5G network, covering ~85% of India’s 5G capacity, continues to
attract users, while the fixed broadband offerings are witnessing increasing consumer traction both in
homes and enterprises. The attractive value proposition offered by Jio is enabling more Indians to
transition to next-gen data networks. This is further accelerating the digital revolution which is reshaping
communications, analytics and computing, media and entertainment and commerce in India. Jio is
committed to provide the best-quality state-of-the-art network at most affordable prices globally.
Retail business delivered robust financial results, as compared to last year, well supported by all
consumption baskets. With fast-paced expansion of its retail footprint, Reliance Retail continues to cement
its position as the preferred retailer for millions of Indians. The digital and new commerce segments are
also scaling up rapidly. Reliance Retail is focused not only on providing quality products to customers, but
also on enhancing overall customer experience, both during and after sales.
The deep integration and flexibility built into our O2C business model helped mitigate the impact of
challenging operating environment. The business was impacted by lower fuel cracks with tepid global
demand and ramp-up of new refineries. The oil and gas segment continued its growth trajectory with
higher production, offsetting lower year-on-year gas price realizations.
Reliance has made significant progress on the implementation of New Energy Giga-factories. On
completion, these projects will provide India a world-class, integrated green energy ecosystem which can
propel the next leg of sustainable growth.”

CONSOLIDATED JIO PLATFORMS LIMITED (“JPL”)
QUARTERLY REVENUE AT ₹ 34,548 CRORE, UP 12.8% Y-o-Y
QUARTERLY EBITDA AT ₹ 14,638 CRORE, UP 11.6% Y-o-Y
TOTAL SUBSCRIBER BASE REACHES ~490 MILLION INCLUDING ~130 MILLION 5G USERS –
JIO IS THE LARGEST 5G OPERATOR OUTSIDE CHINA
JIO CONTINUES TO BUILD ON ITS MARKET LEADERSHIP WITH ~33% Y-O-Y INCREASE IN DATA TRAFFIC; 5G
ACCOUNTS FOR OVER 31% OF JIO’S WIRELESS DATA TRAFFIC
PER CAPITA DATA CONSUMPTION INCREASED TO 30.3GB / MONTH OR MORE THAN 1GB / DAY
JIO HAS BECOME THE LARGEST OPERATOR GLOBALLY IN TERMS OF DATA TRAFFIC
JIOAIRFIBER DRIVES THE HIGHEST EVER QUARTERLY HOME CONNECTS FOR JIO WITH OVER 1.1 MILLION NET ADDITIONS

ADVERTISEMENT

Quarterly Performance (1Q FY25 vs 1Q FY24)
• Growth in Revenue from Operations was primarily driven by robust subscriber growth across
mobility and homes.
• Double-digit EBITDA growth primarily led by healthy revenue growth and operating leverage.
• Depreciation increase led by higher network utilisation and addition to the gross block.
• Increase in Finance cost was driven by higher leverage.

Jio continues to lead the industry and gain subscriber share with 8.0 million net additions in
1Q FY25. Monthly churn was 1.7%.
• ARPU was ₹ 181.7 with better subscriber mix, partially offset by increasing mix of promotional 5G
traffic being offered on an unlimited basis to subscribers and not charged separately.
• Engagement levels continued to remain strong with total data and voice traffic increasing by 32.8%
and 6.6% Y-o-Y, respectively

LEADERSHIP QUOTE
Mr. Akash M Ambani, Chairman of Reliance Jio Infocomm said “Ubiquitous, high-quality, affordable
internet is the backbone of Digital India and Jio takes pride in contributing to this. Our new prepaid
plans would foster industry innovation towards 5G and AI and drive sustainable growth. Jio with its
superior network and new service propositions would further build its market leadership with a
customer first approach.”

 

 

FWM

FWM

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