1) Reliance Industries Q1 Results Highlights: Net profit at record ₹26,994 crore, other income jumps nearly four times. – Revenue Performance: Revenue from the Oil-to-Chemicals (O2C) segment declined 1.5% YoY, impacted by falling crude prices and lower volumes due to a planned shutdown. – EBITDA Growth: O2C EBITDA rose 10.8% YoY to ₹14,511 crore, driven by favourable margins in the domestic fuel retail business. 2) Reliance Industries, the oil-to-chemicals-to-telecom-to-retail conglomerate and Nifty 50 heavyweight reported its results on Friday, July 18. Consolidated net profit stood at ₹26,994 crore, with a 279% YoY jump in other income aided by the Asian Paints stake. 3) Jio added 9.9 million subscribers, crossed 212 million 5G users, and saw ARPU rise to ₹208.70. Retail revenue rose 11.3% YoY to ₹84,171 crore. Fixed Broadband Milestone: Jio achieved a major milestone by connecting 20 million premises through its fixed broadband services. JioAirFiber Leads Globally: JioAirFiber became the largest Fixed Wireless Access (FWA) service in the world, with a subscriber base of 7.4 million. 4) ioMart daily orders up 175% YoY. O2C EBITDA grew 10.8% YoY. 5) JioStar delivered a record-breaking IPL and revenue of ₹9,904 crore. Mukesh Ambani said RIL aims to double group EBITDA by decade-end. 6) Overall results are good. All this is for information. 7) This is not a buy/sell call. Thank you, Technofunda24

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