Reliance Industries postsrecord consolidated revenuesat Rs ̊2.42 lakh crore in Q1 FY23

New Delhi, July 22 (UNI) Reliance Industries Ltd (RIL) posted record consolidated revenues at Rs 2.42 lakh crore ($30.8 billion) in Q1 FY23, up 53 percent year on year. Reliance posted a record quarterly consolidated EBITDA at Rs 40,179 crore ($5.1 billion), up 45.8 percent YoY and the high est ever quarterly consolidated Profit Before Tax (PBT) at Rs 27,236 crore ($3.4 billion), up 57.7 percent YoY. The consolidated Net Profit for the quarter was Rs 19,443 crore ($2.5 billion), higher by 40.8 percent. EPS for the quarter was Rs 26.6 per share which increased by 42.7 percent. Reliance’s exports for the quarter were Rs 96,212 crore ($12.2 billion), higher by 71.3 percent. RIL’s capital expenditure (including the exchange rate difference) for the quarter that ended on 30th June 2022 was Rs31,434 crore ($4.0 billion). Jio Platforms’ EBITDA for the quarter was Rs 11,424 crore ($1.4 billion), an increase of 28.5 percent, and net profit for the quarter was Rs 4,530 crore ($574 million), a growth of 24.1 percent. Reliance Jio’s ARPU, during the quarter, of Rs 175.7 per month, saw a healthy 26.9 percent growth on a YoY basis and 4.8 percent growth on a QoQ basis, driven by the residual impact of tariff hike and contribution from FTTH. Reli- ance Jio Net subscriber addition witnessed a strong rebound to 9.7 million driven by continued strength in gross adds at 35.2 million with a total customer base, as of June 30, of 419.9 million. Reliance Jio’s average data and voice consumption per user per month increased to 20.8 GB and 1,001 minutes, respectively.