Reliance Industries Ltd. (RIL) announced its financial results for Q2 FY2024-25, reflecting a mixed performance across its key business segments. Below is a detailed breakdown of year-on-year (YoY) and quarter-on-quarter (QoQ) changes in revenues and profitability.
YoY Performance:
- Revenue from Operations: Increased by 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): Recorded a 5.12% YoY growth, with revenues rising to ₹155,580 crore from ₹147,988 crore.
- Retail Segment Revenue: Declined by 1.09% YoY, registering ₹76,325 crore compared to ₹77,163 crore last year.
- Digital Services: Showed strong growth with a 16.52% YoY increase to ₹38,055 crore from ₹32,657 crore.
QoQ Performance:
- Revenue from Operations: Decreased by 0.31% QoQ to ₹235,481 crore from ₹236,217 crore in Q1 FY2024-25.
- Profit After Tax (PAT): Improved by 9.5% QoQ, rising to ₹19,101 crore from ₹17,448 crore.
- Oil to Chemicals (O2C) Revenue: Slightly declined by 0.99% QoQ, down to ₹155,580 crore from ₹157,133 crore.
- Retail Revenue: Edged up by 0.92% QoQ, reaching ₹76,325 crore from ₹75,630 crore.
- Digital Services: Continued its upward trajectory with a 7.29% QoQ growth, generating ₹38,055 crore in revenue, up from ₹35,470 crore.
Key Financial Metrics at a Glance:
| 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) | ₹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% |
| 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) | ₹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 Digital Services emerging as the primary growth driver both YoY and QoQ. Despite minor revenue dips in the Oil to Chemicals and Retail segments, overall profitability showed an upward trend quarter-on-quarter, reflecting strong core operations.
Shares of Reliance closed 0.047% higher at ₹2,745.50 on Monday ahead of the results announcement.
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