Reliance Industries Q2 FY2025 Earnings Live Update:
– 8:00 PM: As the market closes, RIL shares show a slight uptick, indicating cautious optimism among investors following the earnings announcement. Observers are closely watching how RIL will navigate the challenges and opportunities in the upcoming quarters.
– 7:35 PM: Jio Platforms has demonstrated resilience with an 18% growth in revenue reaching ₹31,709 crore. This is supported by an increase in ARPU and subscriber growth. Net profit for Jio surged by 23.4% to ₹6,539 crore.
– 7:25 PM: RIL’s Retail segment has reported nearly flat revenues at ₹76,302 crore. This was affected by a subdued demand in fashion and lifestyle products, despite operational efficiencies.
– 7:15 PM: Highlighting segment performance, the Oil to Chemicals (O2C) sector shows a 5.1% revenue increase, mainly due to higher volumes and domestic sales. Conversely, the segment’s EBITDA has fallen by 23.7%, impacted by weak market conditions for transportation fuels and chemicals.
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– 7:00 PM: RIL’s latest financial results are in. The company reported a modest 0.8% year-over-year increase in gross revenue to ₹2.58 lakh crore. However, net profit has seen a decline of 3.6%, totaling ₹19,101 crore this quarter.
– 6:00 PM: We’re gearing up for the release of Reliance Industries’ earnings for the second quarter of fiscal year 2025. Stay tuned for minute-by-minute updates.
Board of Directors Overview:
– Mukesh Ambani (Chairman & Managing Director)
– Akash Ambani (Non-Executive Director)
– Isha Ambani (Non-Executive Director)
– Anant Ambani (Non-Executive Director)
– Nikhil Meswani (Executive Director)
– Hital Meswani (Executive Director)
– PMS Prasad (Executive Director)
– Raminder S Gujral, Arundhati Bhattacharya, Shumeet Banerji, KV Chowdary, KV Kamath (Independent Directors)
– HE Yasir Othman Al Rumayyan (Independent Director)
– Haigreve Khaitan (Independent Director)
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Stay with us for continuous coverage and analysis of how these results will impact Reliance Industries’ strategies and market position.
Update at 01:54 PM:
Current stock price stands at ₹2,740, down by 0.15% from the previous close of ₹2,744.2.
– Open: ₹2,758.9
– High: ₹2,760.1
– Low: ₹2,736.5
Update at 01:21 PM: Board of Directors
– Mukesh Ambani, Chairman & Managing Director
– Akash Ambani, Non-Executive Director
– Isha Ambani, Non-Executive Director
– Anant Ambani, Non-Executive Director
– Nikhil Meswani, Executive Director
– Hital Meswani, Executive Director
– PMS Prasad, Executive Director
– Raminder S Gujral, Independent Director
– Arundhati Bhattacharya, Independent Director
– Shumeet Banerji, Independent Director
– KV Chowdary, Independent Director
– KV Kamath, Independent Director
– HE Yasir Othman Al Rumayyan, Independent Director
– Haigreve Khaitan, Independent Director
Update at 12:45 PM:
RIL shares are trading slightly higher by 0.1%, currently at ₹2,746.8 on the NSE.
Update at 11:29 AM:
Reports indicate that RIL is in talks to acquire a stake in Dharma Productions, the film production company led by Karan Johar.
Update at 11:02 AM: Business Segments
– Oil and gas exploration & production
– Energy
– Refining & marketing
– Digital Services (Jio)
– Textiles
– Polymers
– Petrochemicals
– Fibre intermediates
– Elastomers
– Polyesters
– Aromatics
– Reliance Composites Solutions
– Retail
– Media and entertainment
– New energy and new materials
Update at 10:22 AM:
RIL shares are up 0.36% at ₹2,753.9 on the NSE, ahead of its quarterly earnings report.
Update at 9:55 AM: Earnings Preview
Analysts predict flat earnings for RIL this quarter. Refining margins are expected to remain subdued due to weaker Singapore GRM. Jio is expected to show steady performance with 0.6% growth in subscribers and a 7% increase in ARPU. Retail profitability is likely to remain resilient.
Update at 9:20 AM:
RIL shares are trading 0.3% higher at ₹2,754.2 on the NSE.
Update at 8:51 AM:
RIL will announce its Q2 earnings report post-market hours today.
In Q1 FY25, RIL reported a 12% YoY increase in consolidated revenue to ₹2,36,217 crore, though consolidated net profit declined 4% YoY to ₹17,448 crore.
Stay tuned for further updates as RIL announces its results later today, alongside companies like HCL Technologies, Alok Industries, and others.
