Reliance Industries’ Q1 Results Break Records.
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Reliance Industries’ Q1 Results Are a Testament To Strong Business Growth. Mukesh Ambani’s Vision Reflected.
Imagine a company that does a little bit of everything – from making the fuel for our cars to providing our phone service and even selling us our daily groceries. That’s Reliance Industries! And guess what? They’ve just announced some truly fantastic news for the first three months of the year (their “Q1” or first quarter).
On Friday, July 18th, this giant company, a big name in India’s stock market, shared its latest earnings. And wow, did they have good news! Their profit reached an all-time high of a whopping ₹26,994 crore. That’s a massive amount of money!
A big part of this success came from something called “other income,” which shot up almost four times! This was helped by them selling some of their shares in a company called Asian Paints. Even if we don’t count that special sale, their profits still went up by a very good 20%.
Let’s look at some of their exciting businesses:
Jio: Connecting More People!
If you have a phone, you probably know Jio. They’re doing incredibly well! They added 9.9 million new phone users – that’s a lot of new people joining the Jio family. And get this, over 212 million people are now using their super-fast 5G service! Jio also increased its average earnings per user (ARPU), and it went up to ₹208.70. This rise shows that people are spending and/or investing more and more in the services of their mobiles. This is a clear reflection of the people’s preference for Jio compared to other mobile service providers. People are choosing Jio and Reliance Digital for their requirements.
When you walk into any retail store and you will definitely find a few of the Reliance Retail products. Reliance Retail saw its sales growth of 11.3% compared to last year, reaching ₹84,171 crore. That’s because they’re opening new stores all the time, making it easier for everyone to shop and spend. And if you like shopping online, you’ll be happy to hear that JioMart, their online grocery service, saw its daily orders jump by a huge 175%! People really love getting their groceries delivered.
Even their older businesses, like oil and chemicals (they call this “O2C”), did well. The earnings from this part of the company grew by 10.8% compared to last year. This shows that their traditional businesses are still a strong foundation for the company.
JioStar: The Entertainment King!
Did you watch the Indian Premier League (IPL) cricket matches? JioStar, their entertainment platform, had a record-breaking season, bringing in a huge ₹9,904 crore in revenue. This just goes to show how much people love their entertainment!
The Reliance Industries owner, Mr. Mukesh Ambani, is very happy with these results. Mukesh Ambani targeted a bigger goal for the future for himself and the company. He wants the company’s overall earnings (EBITDA) to be doubled by the end of 2030. When the owner of the company is not just celebrating the current success of the company, but also estimating and targeting new goals for the future, the employees of the company will definitely be excited and happy.
It’s clear that Reliance Industries is on a roll, bringing in record profits and growing its businesses that touch the lives of millions of Indians every day. The company’s diverse operations, from digital services to retail, are all contributing to its impressive performance. This strong showing is a sign of a company that is not only performing well now but also setting itself up for continued success in the years to come.
