RIL Q1 profit plunges 25% to 23,000 crore, revenue up 25%
RIL Q1 profit fell 25% to Rs 23,196 crore, missing the average estimate of Rs 18,550 crore due to a one-off gain from Asian Paints stake sale last year.
Revenue rose 25% to Rs 3.1 lakh crore, driven by strong performances in oil-to-chemicals (O2C) and Jio digital services.
Jio's EBITDA climbed 16% to Rs 21,255 crore, with average revenue per user up 3% to Rs 216; Jio had 533 million subscribers as of June 30.
O2C EBITDA grew 17% to Rs 17,010 crore, supported by stronger transportation fuel and downstream margins, higher crude sourcing from Russia and Latin America, and lower-cost ethane feedstock.
Retail EBITDA was flat at Rs 6,309 crore, while oil and gas EBITDA held steady at Rs 4,973 crore; JioStar EBITDA rose 31% to Rs 933 crore.
Story angle
Center
Near the middle: closer to straight reporting, less party-line spin.
About how the story is framed, not whether the facts are true.
Times of India
Center-right
Mixed factuality
Who owns this?
Times Group
Bennett, Coleman & Co. (Sahu Jain family)
India's largest newspaper group by circulation.
Wikipedia: Sahu Jain family