Reliance Industries Q4FY22 PAT up 22.5% at Rs16,203 crore on improved profits in O2C and digital

8 May 2022 , 08:58 AM

Reliance Industries Ltd reported 36.75% growth in total sales revenues for the Q4FY22 quarter on consolidated basis at Rs211,827 crore. On a sequential basis, the revenues were up by 10.75%.

While total revenues for FY22 was close to $100 billion, the revenues from consumer businesses is now more than 40% of Reliance top line revenues. Its registered customer base across physical and digital platforms stood at 19.30 crore.

ARPUs for the year in the telecom business stood at Rs.167.60, showing 21% increase yoy. While data traffic for the year was at 91.4 billion GB, voice traffic was at 4.51 trillion minutes in FY22. RIL has fully exited the shale assets in the US during the year.

Let us now look at what contributed to the EBITDA growth in FY22 over FY21. The oil to chemicals or O2C business contributed nearly 52% to the EBITDA for the year on sharply higher fuel cracks and higher volumes.

Retail has now expanded to over 2,500 stores. In terms of EBITDA change contribution, behind O2C was the digital business which contributed 22.2% to the EBITDA growth while the oil & gas extraction and distribution business contributed another 18.5% to the EBITDA growth in the year.

Retail contributed just about 9% to the EBITDA growth yoy. Clearly, the diversified revenue stream has captured the advantage of revival to the fullest. FY22 EBITDA crosses Rs.1.25 trillion.

The consolidated Profit after tax (PAT) for the Q4FY22 was up 22.5% at Rs16,203 crore on the back of higher 35.8% growth in EBITDA for the quarter. Lower finance cost as an outcome of net zero debt policy of RIL has also helped the bottom line.

As of the close of Q4FY22, the net debt (net of cash) stood at Rs34,815 crore.  PAT margins were at 7.65% in the Q4FY22 quarter compared to 8.54% in the Q4FY21 quarter. On a sequential basis, the net profit margins for Q4FY22 were lower compared to 9.70% in Q3FY22.

Financial highlights for Mar-22 compared yoy and sequentially

	Reliance Industries
Rs in Crore	Mar-22	Mar-21	YOY	Dec-21	QOQ
Total Income (Rs cr)	₹ 2,11,827	₹ 1,54,896	36.75%	₹ 1,91,271	10.75%
EBITDA (Rs cr)	₹ 25,597	₹ 18,839	35.87%	₹ 24,000	6.65%
Net Profit (Rs cr)	₹ 16,203	₹ 13,227	22.50%	₹ 18,549	-12.65%
Diluted EPS (Rs)	₹ 23.95	₹ 20.13		₹ 27.76
EBITDA Margins	12.08%	12.16%		12.55%
Net Margins	7.65%	8.54%		9.70%