Reliance Industries Ltd. has announced its financial results for Q2 FY2024-25, showing mixed performance across its key business segments. Below is a detailed breakdown of the year-on-year (YoY) and quarter-on-quarter (QoQ) changes in revenues and profitability.
YoY Performance:
- Revenue from Operations increased by a slight 0.22% YoY to ₹235,481 crore, compared to ₹234,956 crore in Q2 FY2023-24.
- Profit After Tax (PAT) decreased by 3.6% YoY to ₹19,101 crore, down from ₹19,820 crore.
- Oil to Chemicals (O2C), a core segment of Reliance, recorded a 5.12% YoY growth, with revenues rising to ₹155,580 crore from ₹147,988 crore.
- Retail Segment Revenue dipped 1.09% YoY, registering ₹76,325 crore in Q2 FY2024-25 compared to ₹77,163 crore in the same quarter last year.
- Digital Services continued to exhibit strong growth, with revenues up by 16.52% YoY, increasing to ₹38,055 crore from ₹32,657 crore in Q2 FY2023-24.
QoQ Performance:
- Revenue from Operations saw a slight decrease of 0.31% QoQ, down to ₹235,481 crore from ₹236,217 crore in Q1 FY2024-25.
- Profit After Tax (PAT) witnessed a strong improvement, rising by 9.5% QoQ to ₹19,101 crore from ₹17,448 crore in the previous quarter.
- Oil to Chemicals (O2C) revenue marginally declined by 0.99% QoQ, falling to ₹155,580 crore from ₹157,133 crore in Q1 FY2024-25.
- Retail Revenue edged up by 0.92% QoQ, reaching ₹76,325 crore in Q2 FY2024-25 compared to ₹75,630 crore in the prior quarter.
- Digital Services continued its upward trajectory with a 7.29% QoQ growth, generating ₹38,055 crore in revenue, up from ₹35,470 crore in Q1 FY2024-25.
Key Financial Metrics at a Glance:
YoY Comparison:
| Segment | Q2 FY2024-25 | Q2 FY2023-24 | YoY (%) |
|---|---|---|---|
| Revenue from Operations | ₹235,481 crore | ₹234,956 crore | 0.22 |
| Profit After Tax (PAT) | ₹19,101 crore | ₹19,820 crore | -3.6 |
| Oil to Chemicals (O2C) Revenue | ₹155,580 crore | ₹147,988 crore | 5.12 |
| Retail Revenue | ₹76,325 crore | ₹77,163 crore | -1.09 |
| Digital Services Revenue | ₹38,055 crore | ₹32,657 crore | 16.52 |
QoQ Comparison:
| Segment | Q2 FY2024-25 | Q1 FY2024-25 | QoQ (%) |
|---|---|---|---|
| Revenue from Operations | ₹235,481 crore | ₹236,217 crore | -0.31 |
| Profit After Tax (PAT) | ₹19,101 crore | ₹17,448 crore | 9.5 |
| Oil to Chemicals (O2C) Revenue | ₹155,580 crore | ₹157,133 crore | -0.99 |
| Retail Revenue | ₹76,325 crore | ₹75,630 crore | 0.92 |
| Digital Services Revenue | ₹38,055 crore | ₹35,470 crore | 7.29 |
Reliance Industries demonstrated resilience in its Q2 FY2024-25 performance, with its Digital Services segment standing out as the primary growth driver, both YoY and QoQ. Despite slight revenue dips in the Oil to Chemicals and Retail segments, overall profitability saw an upward trend on a quarterly basis, signaling strength in core operations
