Thread by @Abhishe27960014

🚨 "Mixed Results for Reliance in Q3: Revenue Up, Profits Stagnant"

Key Takeaways of Reliance Industries Q3 Result in this🧵

Reliance Industries operates 4 major business segments: Jio, Retail, Oil & Chemical, & Media.

#Reliance #RelianceJio

1) The total revenue of Reliance Industries for Q3 stands at 240,963 Cr, showing a 14.8% increase compared to the previous year, driven by sustained growth in the consumer businesses.

2) The profit after tax saw a marginal increase of 0.6% YoY, coming in at 17,806 crores.

3) Under the leadership of Akash Ambani, Jio's business recorded a 20.8% increase in revenue compared to the previous year, reaching a total of 29,195 Cr.

4) Jio's profit increased by 28.6% YoY, reaching 4,881 Cr. 27% of Reliance Industries' total profit is coming from Jio.

5) Led by Isha Ambani, Reliance Retail saw a 17% YoY increase in revenue and a 6.3% increase in net profits, with revenue totaling 67,623 Cr and net profit amounting to 2,400 Cr.

6) The Oil and Chemical segment represents 60% of Reliance's total revenue, but only saw a 10% YoY increase in revenue, reaching a total of 144,630 Cr.

7) The Media business recorded a 12.5% increase in rev, but declined significantly in net profit, dropping 97% to just 9 Cr.

8) In addition, Reliance also acquired a 23.3% stake in Exyn Technologies, a company that specializes in enabling drones and robots to navigate challenging terrains without the use of GPS or other navigation technologies.