Reliance Q4 result: Revenue up 11% YoY, PAT comes almost flat; 5 key highlights
₹2,64,834 crore ($31.8 billion). However, profit after tax (PAT) remained almost flat at ₹21,243 crore ($ 2.5 billion) against ₹21,327 crore in the same quarter last year. Also Read: Reliance Q4 results: Net profit declines 1.8% YoY to ₹18,951 crore The company said its EBITDA increased by 14.3 per cent YoY to ₹47,150 crore ($ 5.7 billion) with all businesses contributing strongly.
"Initiatives across RIL’s businesses have made a remarkable contribution towards fostering the growth of various sectors of the Indian economy. It is heartening to note that alongside strengthening the national economy, all segments have posted robust financial and operating performance. This has helped the company achieve multiple milestones.
I am happy to share that this year, Reliance became the first Indian company to cross the ₹1,00,000-crore threshold in pre-tax profits," Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries Limited said. Let's take a look at five key highlights of Reliance's Q4 result: RIL's telecom arm Jio Platforms clocked a healthy double-digit growth in revenue, profit and EBITDA.
Jio Platforms' consolidated revenue from operations for the quarter under review rose 13.4 per cent YoY to ₹28,871 crore while net profit increased 12 per cent YoY to ₹5,583 crore. Consolidated EBITDA for Jio Platforms rose 12.5 per cent YoY to ₹14,360 crore. EBITDA margin, however, declined 40bps YoY to 49.7 per cent.
ARPU (average revenue per user) for Q4FY24 stood at ₹181.7, flat QoQ but up 1.6 per cent YoY. "ARPU was ₹181.7 with better subscriber mix partially offset by an increasing mix of promotional 5G traffic, offered unlimited to subscribers and not yet charged separately. Engagement levels continued to remain
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