Reliance reported its earnings for the quarter that ended September on Monday evening after market close.

What Happened: The conglomerate’s consolidated net profit for the September quarter came in at ₹16,563 crore, a 4.8% decrease from ₹17,394 crore posted in the same quarter last year.

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Revenue from operations for the quarter under review stood at ₹2.31 lakh crore, up 0.2% from the ₹2.31 lakh crore posted in the corresponding quarter of the previous year. EBITDA for the quarter came in at ₹39,058 crore. EBITDA margin was at 16.9%.

The numbers beat street estimates on net profit but missed revenue expectations. Analysts expected the oil-to-telecom giant’s revenue to come in at ₹2.34 lakh crore with a net profit of around ₹15,230 crore. EBITDA for the quarter was seen at ₹39,702 crore.

Reliance Jio reported revenue of ₹31,709 crore, reflecting an 18% year-on-year growth, while its profit stood at ₹6,539 crores, up by 23% YoY. The Average Revenue Per User (ARPU) saw a YoY increase of 7.4%, reaching ₹195.1.

Reliance Retail’s revenue from operations stood at 66,502 crore, a 3.5% moderation from the ₹68,937 crore posted at the end of the same quarter last year. Profit for the quarter came in at ₹2,836 crore, up marginally from the ₹2,800 crore posted at the end of the corresponding quarter of the previous year.

Price Action: Reliance’s share price was up 0.03% to close at ₹2745.05 on Monday.

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