Reliance Industries Limited reported Q3FY24 results on January 19. The consolidated revenues were at Rs 248,160 crore, up 3.2% YoY, driven by continued growth in consumer businesses.
- Reliance's quarterly EBITDA was at Rs 44,678 crore, up 16.7% Y-o-Y, showing growth across all businesses.
- The consolidated net profit for Reliance came in at Rs 19,641 crore, up 10.9% YoY, despite higher finance, depreciation, and tax costs.
- Capital Expenditure for the Dec quarter was Rs 30,102 crore ($3.6 billion), with investments in pan-India 5G roll-out, expansion of retail infrastructure, and new energy business.
- RIL’s consolidated net debt stood at Rs 119,372 crore, which is approximately 67% of the annualized EBITDA.
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