Q2 2025 Reliance Industries Ltd Earnings Call Transcript
Key Points
- Digital services revenue and EBITDA increased by 18%, driven by broader scaling and tariff hikes.
- Retail business showed a 5.2% increase in profit after tax, with a focus on enhancing customer propositions.
- Oil and gas segment reported an 11% growth in EBITDA, supported by increased production in KGD6 and CBM.
- Reliance Jio's 5G services saw strong uptake, with 148 million subscribers transitioning to 5G.
- The company is scaling up digital commerce and hyperlocal deliveries, leveraging its extensive store network.
- Overall EBITDA decreased by 2%, impacted by weak performance in the O2C segment.
- Profit after tax declined by 2.8%, affected by higher interest and depreciation charges.
- O2C segment faced a 24% drop in EBITDA due to unfavorable demand and supply fundamentals.
- Retail revenue declined by 1.1% year-on-year, impacted by weak market demand in fashion and lifestyle.
- Subscriber base for Reliance Jio decreased by 10.9 million due to SIM consolidation and recharge delays.
Good evening and welcome to the second quarter of financial year 2025. This is the presentation of our company Reliance Industries Limited. First, Mr. Srikanth Venkatachari, our group CFO will walk you through the consolidated performance of the company. He will be followed by Kiran and Anshuman walking you through the digital services business. Then Dinesh will talk about the retail business, and Sanjay Roy about the E&P business, and Srikanth will come back for the O2C and the summary section. Over to you, Srikanth.
Thanks, Srini. Good evening, friends. The performance for consolidated numbers and highlights. So, revenues at INR2,58,027 crore, up about 0.8%, EBITDA close to INR44,000 crore, lower by 2%, and PAT at INR19,323 crore, also down about 2.8%. So when you look at the numbers for us, there has been robust growth in digital services and upstream, offset by weak O2C and we'll talk about the specific numbers there.
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