InvestorQ : Can how the telecom business and the retail business of Reliance Industries performed in Q3?
vaishnavi mhatre made post

Can how the telecom business and the retail business of Reliance Industries performed in Q3?

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vidhya Laxmi answered.
4 months ago
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Overall, Reliance reported record numbers for the Dec-21 quarter in terms of record revenues, EBITDA profits and net profits. The gross revenues crossed Rs.2 trillion in a quarter for the first time. But the big story was about telecom and retail. Let us look at these two sectors in greater detail.

Jio continues to be the key driver of EBITDA growth for the Reliance group. In Q3, EBITDA of Jio Platforms crossed Rs.10,000 crore for first time ever. Currently, the EBITDA ga between Jio Platforms and the O2C business is just about Rs.3,000 crore and promises to be bridged soon. EBITDA margins of Jio Platforms were at record levels of 46% and it had a record 42 crore subscribers. Jio Platforms also had an ARPU of Rs.151.60; higher than peer group.

Retail was the big driver of top line for Reliance. With revenues nearing Rs.60,000 crore, retail is almost half as large as O2C business by top line size. Retail business also announced steady EBITDA and profit numbers for the quarter as its investments are starting to pay dividends. Retail has been the big driver of top line. This does not even include the larger impact of the synergies that the merger will Future group will bring.

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