New Delhi, Oct 14 || Reliance Industries Limited (RIL) reported quarterly consolidated revenue at Rs 2.58 lakh crore for Q2 FY25.
The company's Oil to Chemicals (O2C) revenue improved with higher volumes and increased domestic placement of products. Digital services revenue increased with the impact of revised telecom tariffs for mobility services and the scale-up of homes and digital services businesses. Lower gas price realizations led to 6 per cent lower revenue in the Oil and Gas segment.
RIL's EBITDA decreased by 2 per cent year on year to Rs 43,934 crore ($ 5.2 billion). EBITDA for Jio Platforms Limited (JPL) increased 17.8 per cent year on year due to better subscriber mix, digital services scale-up and revision in telecom tariffs.
The EBITDA margin for Reliance Retail Ventures Limited (RRVL) improved by 30 bps with continued focus on streamlining of operations and calibrated approach in B2B.
O2C EBITDA was lower by 23.7 per cent on account of the sharp decline in product margins. Fuel cracks declined by nearly 50 per cent year on year. Downstream chemicals also declined with muted global demand in a well-supplied market. RIL benefited due to superior ethane cracking economics driven by a sharp fall in ethane prices.
Oil and Gas segment EBITDA increased by 11 per cent on account of sustained volume growth and one-time provisioning towards decommissioning cost for Tapti field in Q2 FY 24.