Reliance Industries Q1 Results Live Updates: 'Confident of doubling group EBITDA by end of golden decade,' says Mukesh Ambani

Reliance Industries Q1 Results Live Updates: 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. 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, with JioMart daily orders up 175% YoY. O2C EBITDA grew 10.8% YoY. JioStar delivered a record-breaking IPL and revenue of ₹9,904 crore. Mukesh Ambani said RIL aims to double group EBITDA by decade-end. Watch this space for all the live updates.

Reliance Industries Q1 Results Live Updates: Reliance Industries reported a stellar 78% year-on-year jump in net profit for the quarter, boosted by strong double-digit growth in its consumer businesses and a one-time gain of ₹8,900 crore from the sale of its stake in Asian Paints. Excluding the exceptional item, profits still rose 20%. Jio’s earnings climbed 24%, supported by improved ARPUs nearing ₹209 and robust subscriber additions. Reliance Retail saw an 11% revenue increase, aided by rapid store expansion. Meanwhile, JioStar posted record revenues of ₹9,600 crore, powered by a blockbuster IPL season. Watch this space for all the live updates.