RIL Segments

Media Release
27th October, 2023
CONSOLIDATED RESULTS FOR QUARTER ENDED 30TH SEPTEMBER, 2023

QUARTERLY CONSOLIDATED EBITDA AT ₹ 44,867 CRORE ($ 5.4 BILLION), UP 30.2% Y-o-Y
ROBUST GROWTH IN NET PROFIT AT ₹ 19,878 CRORE ($ 2.4 BILLION), UP 29.7% Y-o-Y
QUARTERLY EBITDA OF RELIANCE RETAIL AT ₹ 5,820 CRORE, UP 32.2% Y-o-Y

JIO LEADS INDUSTRY TRANSITION WITH 5G, JIOBHARAT FOR MOBILITY, AIRFIBER FOR HOMES/ SMBS
CAPITAL RAISE OF ₹ 15,314^ CRORE IN RELIANCE RETAIL FROM KKR, QIA AND ADIA
CONSOLIDATED FINANCIAL HIGHLIGHTS

(₹ in crore)
Sr. Particulars 2Q 1Q 2Q % chg. 1H 1H FY23
No FY24 FY24 FY23 Y-o-Y FY24 FY23
1 Gross Revenue 255,996 231,132 252,846 1.2 487,128 495,375 974,864
2 EBITDA 44,867 41,982 34,447 30.2 86,849 74,382 153,920
3 EBITDA margin (%) 17.5 18.2 13.6 390 bps 17.8 15.0 15.8
4 Depreciation 12,585 11,775 9,726 29.4 24,360 18,668 40,303
5 Finance Costs 5,731 5,837 4,554 25.8 11,568 8,551 19,571
6 Profit Before Tax 26,551 24,370 20,167 31.7 50,921 47,163 94,046
7 Tax Expenses 6,673 6,112 4,835 38.0 12,785 12,426 20,376
8 Profit After Tax# 19,878 18,258 15,332 29.7 38,136 34,737 73,670
9 Capital Expenditure* 38,815 39,645 32,534 78,460 63,976 141,809
10 Outstanding Debt 295,687 318,685 294,859 295,687 294,859 313,966

11 Cash & Cash# ^ 177,960 192,064 201,606 177,960 201,606 188,200
Equivalents
^ Cash & Cash Equivalents includes ₹ 10,347 crore capital raise in Reliance Retail.
# Figures for previous period restated to reflect demerger of Financial Services business.
* Excluding amount incurred towards spectrum and is adjusted for capital advances and regrouping of assets.
Registered Office: Corporate Communications Telephone : (+91 22) 2278 5000

Maker Chambers IV Maker Chambers IV Telefax : (+91 22) 2278 5185
3rd Floor, 222, Nariman Point 9th Floor, Nariman Point Internet : www.ril.com; [email protected]
Mumbai 400 021, India Mumbai 400 021, India CIN : L17110MH1973PLC019786
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Media Release
Quarterly Performance (2Q FY24 vs 2Q FY23)
• Gross Revenue was ₹ 255,996 crore ($ 30.8 billion), up 1.2% Y-o-Y, supported by continuing
growth momentum in consumer businesses.
o Revenue for JPL increased by 10.6% Y-o-Y, led by 7.5% increase in subscriber base and
higher ARPU.
o Revenue for RRVL grew by 18.8% Y-o-Y with growth momentum across consumption
baskets, led by Food & Grocery which grew by 33%.
o Revenue from Oil & Gas segment increased significantly with incremental production of
gas and condensate from MJ field.
o O2C revenue declined with 14% decrease in crude oil prices leading to lower price
realization for products.
• EBITDA increased by 30.2% Y-o-Y to ₹ 44,867 crore ($ 5.4 billion), on account of following:
o Strong net subscriber addition and sharp increase in data traffic supported 80 bps margin
improvement in JPL.
o Operating leverage and continued focus on cost management initiatives resulted in 80 bps
expansion in RRVL to 8.4%.
o Sustained performance in the O2C segment with strong domestic demand, optimised
feedstock cost and strength in gasoline and PVC margins. Y-o-Y decline in middle distillate
cracks was offset by lower SAED. Downstream contribution was impacted by subdued
global demand in well supplied market reflecting in lower PE, PP and polyester chain
deltas.
o Better gas price realization and 66% growth in KGD6 volumes improved Oil & Gas segment
earnings. However, EBITDA margin was lower due to higher costs related to
commissioning and ramp-up of MJ field and decommissioning of Tapti field.
• Depreciation increased by 29.4% Y-o-Y to ₹ 12,585 crore ($ 1.5 billion) on expanded asset base
across all the businesses, higher network utilization in Digital Services business and ramp-up in
upstream production.

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• Finance Costs increased by 25.8% Y-o-Y to ₹ 5,731 crore ($ 690 million) primarily due to higher
interest rates and currency depreciation.
• Tax Expenses increased by 38.0% Y-o-Y to ₹ 6,673 crore ($ 804 million) in 2Q FY24.
• Profit after tax improved by 29.7% Y-o-Y at ₹ 19,878 crore ($ 2.4 billion).
• Capital Expenditure for the quarter ended September 30, 2023 was ₹ 38,815 crore ($ 4.7 billion)
with continuing accelerated investments in pan-India 5G roll-out.

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Media Release
Commenting on the results, Mukesh D. Ambani, Chairman and Managing Director, Reliance
Industries Limited said: “Strong operational and financial contribution from all business segments
has helped Reliance deliver another quarter of robust growth.
I am happy that Jio remains committed to the vision of a digital India through the launch of two
innovative and transformative offerings, JioAirFiber and JioBharat phone. Based on our state-of-the-
art standalone 5G network, JioAirFiber significantly expands the reach and benefit of high-speed
connectivity to millions of households across India. JioBharat phone will enable digital inclusion for
millions of Indians and catalyse India’s transformation to next-gen connectivity solutions. By
December 2023, we will also complete Pan-India rollout of 5G services and set a new global
benchmark for the fastest roll-out of a 5G network across a large nation.
Reliance Retail has continued to rapidly expand its offline as well as online presence, while adding to
its already impressive range of products and offering. We are providing a fresh and friendly shopping
experience across our seamless ecosystem. The strength and diversity of our Retail business model
is consistently delivering robust performance.
Resilient performance of the O2C segment despite volatility in energy markets was led by strong
growth in fuel demand in a supply-constrained market. Weak global demand and supply-overhang
continued to impact downstream margins. The growth of oil and gas business is particularly
noteworthy with production from KGD6 block ramping up and providing valuable fuel for energy
transition to the Indian economy.”

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Media Release
CONSOLIDATED JIO PLATFORMS LIMITED (“JPL”)
QUARTERLY REVENUE AT ₹ 31,537 CRORE, UP 10.6% Y-o-Y

QUARTERLY EBITDA AT ₹ 13,528 CRORE, UP 12.6% Y-o-Y
NET SUBSCRIBER ADDITION ACCELERATING TO OVER 11 MILLION DURING THE QUARTER; DATA TRAFFIC
ON JIO NETWORK GROWS 28.5% Y-O-Y TO 36.3 EXABYTES
JIO LEADS INDUSTRY TRANSITION WITH 5G AND JIOBHARAT FOR MOBILITY, AND JIOAIRFIBER FOR HOMES/
SMBS
A. FINANCIAL RESULTS
(₹ in crore)
No. FY24 FY24 FY23 Y-o-Y FY 24 FY23
1 Gross Revenue 31,537 30,640 28,506 10.6 62,177 56,033 115,099
2 Revenue from 26,875 26,115 24,275 10.7 52,990 47,742 98,099
Operations
3 EBITDA 13,528 13,116 12,011 12.6 26,644 23,435 48,721
4 EBITDA Margin (%)* 50.3 50.2 49.5 80 bps 50.3 49.1 49.7
5 Depreciation 5,415 5,275 4,625 17.1 10,690 8,954 18,964
6 Finance Costs 1,020 982 1,021 (0.1) 2,002 2,021 4,082
7 Share of Profit/(Loss) (2) (3) (2) - (5) (4) (5)
of Associates & JV
8 Tax Expenses 1,794 1,758 1,634 9.8 3,552 3,197 6,546
9 Net Profit 5,297 5,098 4,729 12.0 10,395 9,259 19,124
* EBITDA margin is calculated on Revenue from Operations
• Operating revenue (net of GST) growth was driven by industry leading subscriber growth across
mobility and homes and scale-up of digital platforms.

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• Steady 12.6% Y-o-Y growth in EBITDA led by revenue increase and ~80 bps Y-o-Y increase in
margins.
• Depreciation increased due to higher network utilisation and incremental addition to gross block.
B. OPERATIONAL UPDATE
Sr. 2Q 1Q 2Q % chg. FY23

Particulars UoM
No. FY24 FY24 FY23 Y-o-Y
1 Customer Million 459.7 448.5 427.6 7.5% 439.3*
Base
2 ARPU ₹ per subscriber 181.7 180.5 177.2 2.5% 178.8*
per month
3 Data Traffic billion GB 36.3 33.2 28.2 28.5% 113.3
4 Voice Traffic trillion minutes 1.33 1.34 1.23 8.3% 5.06
* for exit quarter
• Net subscriber addition continued to accelerate with Jio adding an industry leading 11.1 million
subscribers during the quarter. Monthly churn was 1.7% in 2Q FY24.
• ARPU increased 2.5% Y-o-Y to ₹ 181.7 driven by better subscriber mix across mobility and
wireline partially offset by start of 5G services.
• Engagement on Jio network remained strong with an addition of over 3 Exabytes of data traffic
for the second successive quarter in 2Q FY24. Total data and voice traffic increased 28.5% and
8.3% Y-o-Y, respectively.
• Strong subscriber growth across mobility and wireline services and scale up of digital services
platform drove JPL consolidated revenue and EBITDA growth.

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C. STRATEGIC PROGRESS
• Jio has deployed over 1 million 5G cells pan-India with coverage across ~8,000 cities/ towns.
Third-party research companies have underlined Jio’s superiority in network performance and
availability. Jio has contributed to 85% of the overall 5G capacity in the country till date. This has
been powered by a 100% in-house 5G stack, designed, developed and manufactured entirely by
Indian talent.
• Jio has emerged as the #1 Network in India, winning all nine awards for Mobile Networks in the
market, including all awards for 5G networks in Ookla’s Speedtest Awards for 1Q–2Q 2023. This
is a first for any service provider anywhere in the world. Jio won awards for Best Mobile Network,
Fastest Mobile Network, Best Mobile Coverage, Top Rated Mobile Network, Best Mobile Video
Experience, Best Mobile Gaming Experience, Fastest 5G Mobile Network, Best 5G Mobile Video
Experience, and Best 5G Mobile Gaming Experience.
• JioBharat phone has gained substantial market share in the non-smartphone segment within the
first few months of its launch. The platform is now getting extended to multiple SKUs to widen the
reach and address demand across various price points. The JioBharat platform continues to allow
OEMs and application developers to join the vision of 2G-mukt Bharat.
• JioAirFiber was launched in 8 cities (Ahmedabad, Bengaluru, Chennai, Delhi, Hyderabad,
Kolkata, Mumbai and Pune) on the auspicious occasion of Ganesh Chaturthi in September 2023,
with pan-India coverage expected in coming months. JioAirFiber will overcome the challenges of
last mile connectivity and provide an opportunity to TV and broadband users to upgrade to a world
class entertainment, broadband and digital experience at much more affordable prices. Tariff has

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been designed keeping in mind the unique digital and connectivity needs of various customer
segments with monthly plans ranging from ₹ 599 to ₹ 3,999. JioAirFiber is expected to accelerate
Jio’s home penetration from 10 million homes currently to over 100 million homes.
• During the India Mobile Congress 2023, Jio demonstrated India’s first satellite-based gigabit
broadband to connect the remotest corners of the country. Jio is partnering with SES to access
the world’s latest in medium earth orbit (MEO) satellite technology, the only MEO constellation
capable of delivering truly unique Gigabit, fiber-like services from space. With this, Jio has added
JioSpaceFiber to its premier lineup of broadband services, JioFiber and JioAirFiber.
• During the quarter, Jio completed the first-ever FR2 SA mmWave rollout globally at a commercial
scale. This indigenously developed technology extends benefits of low latency and high
throughput to the mmWave band through 5G standalone core. This is being deployed across
banks, education hubs, hospitals and government establishments with speeds of up to 2 Gbps
being clocked.
• Jio Platforms, in collaboration with NVIDIA, will build state-of-the-art cloud-based Artificial
Intelligence (AI) infrastructure in India. This infrastructure will enable accelerated computing and
high-speed secure cloud networking to run workloads safely and with extreme energy efficiency.
NVIDIA will provide CPU, GPU, networking, and AI operating systems for building the most
advanced AI models while Jio will manage and maintain the AI cloud infrastructure and oversee
customer engagement and access.
• JPL completed its strategic investment in Accops Systems Private Limited through acquisition of
a majority stake. Accops is a leading ‘Make in India’ software product company and has

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Media Release
established itself as a prominent player in the cybersecurity industry, building innovative products
in the secure remote access and digital workspace domain. Accops serves over 800 enterprises
and SMEs across verticals, like BFSI, healthcare, pharmaceuticals, government, IT/ITes,
education and defense.
LEADERSHIP QUOTE
Mr. Akash M. Ambani, Chairman of Reliance Jio Infocomm said “Jio True5G will soon be available
pan-India to usher in a new digital era for Indians. JioAirFiber has seen very strong customer
interest and is set to transform broadband infrastructure in the country by offering fiber like digital
experience to homes and small enterprises. Ubiquitous 5G, JioBharat and JioAirFiber are three
big growth engines for Jio which would accelerate market share gains and profitability.”

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CONSOLIDATED RELIANCE RETAIL VENTURES LIMITED (“RRVL”)

QUARTERLY EBITDA AT ₹ 5,820 CRORE, UP 32.2% Y-o-Y
TOTAL FOOTFALL CROSSES 260 MILLION ACROSS FORMATS; 471 NEW STORES OPENED
CAPITAL RAISE OF ₹ 15,314 CRORE IN RELIANCE RETAIL FROM KKR, QIA AND ADIA
(₹ in crore)
Sr. Particulars 2Q 1Q 2Q % chg. 1H FY24 1H FY23 FY23
1 Gross Revenue 77,148 69,948 64,920 18.8 147,096 123,474 260,364
2 Revenue from 68,937 62,159 57,694 19.5 131,096 109,276 230,931
Operations
3 EBITDA from 5,607 4,896 4,286 30.8 10,503 8,183 17,609
Operations
4 Investment Income 213 243 118 80.5 456 58 319
5 EBITDA 5,820 5,139 4,404 32.2 10,959 8,241 17,928
6 EBITDA Margin (%)* 8.4 8.3 7.6 80 bps 8.4 7.5 7.8
7 Depreciation 1,399 1,334 871 60.6 2,733 1,721 3,965
8 Finance Costs 631 628 419 50.6 1,259 692 1,833
9 Tax Expenses 1,000 729 809 23.6 1,729 1,462 2,949
10 Net Profit 2,790 2,448 2,305 21.0 5,238 4,366 9,181
* EBITDA Margin is calculated on Revenue from Operations

• Reliance Retail delivered a strong performance with Gross Revenue recorded at ₹ 77,148 crore
for 2Q FY24, a growth of 18.8% Y-o-Y led by well-rounded growth across consumption baskets.

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Grocery and Fashion & Lifestyle businesses maintained strong growth momentum while
Consumer Electronics had a steady performance despite festive period falling in 3Q FY24.
• Business posted an EBITDA of ₹ 5,820 crore which was up by 32.2% on a Y-o-Y basis. EBITDA
before Investment Income was recorded at ₹ 5,607 crore.
• EBITDA margin from operations on net sales was at 8.1%, up 70 bps Y-o-Y driven by operating
leverage and continued focus on cost management.
• Depreciation increased on account of higher asset base due to addition of new stores and supply
chain infrastructure.
• Higher Finance cost on account of increase in interest rate and borrowings for business
expansion.
2Q 1Q 2Q % chg. FY23
Sr.
Particulars UoM FY24 FY24 FY23 Y-o-Y
No.
1 Stores Number 18,650 18,446 16,617 12.2 18,040

2 Area Operated Million 71.5 70.6 54.5 31.2 65.6
Sq. ft.
3 Store Footfalls Million 260 249 185 40.5 780
4 Registered Customer Base Million 281 267 221 27.1 249
5 Number of Transactions Million 315 314 252 25.0 1,033

• The business expanded its store network with 471 new store openings taking the total store count
at the end of the quarter to 18,650 stores with an area of 71.5 million sq ft.
• The quarter recorded footfalls of over 260 million across formats, a growth of 40.5% Y-o-Y.
• Digital Commerce and New Commerce businesses continued to grow and contributed 19% of
revenue.

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• The business acquired Ed-a-Mamma, a kids and maternity-wear brand and majority ownership of
Superdry IP for India, Sri Lanka and Bangladesh.
• Global marquee investors reaffirm their confidence in Reliance Retail’s vision, execution prowess
and value creation. The business completed equity fund raise of ₹ 15,314 crore in the current round
from global marquee investors.
• Reliance Retail completed transfer of assets to warehouse InvIT entity for a total consideration of
₹ 5,150 crore on 25th October 2023. The asset value is reflected in Other Financial Assets as on
30th September 2023.
Consumer Electronics
• Consumer Electronics business maintained growth momentum with 11% growth over last year.
• The business successfully executed August 15th “Digital India Sale” with 23% Y-o-Y growth with
exclusive ranges, new launches and attractive consumer offers.
• The business capitalised on regional festivals, new launches and promotions to drive AC, phones,
refrigerators category growth.
• Own brands / PBG business further expanded its assortment by launching new products across
QLED television, refrigerator and ACs. The merchant count grew by 2.6x Y-o-Y.
• New Commerce continued its growth journey and expanded its merchant partner base by 44% Y-
o-Y. Phones and high-end television saw robust growth.
Fashion & Lifestyle

• Fashion & Lifestyle business delivered 32% Y-o-Y growth. Offline business delivered robust growth
despite festive season falling entirely in the next quarter.
• The business launched new store format “Yousta”, a youth focused fashion retail format, offering
fast fashion at affordable prices. The format has received positive response and would be scaled
up in the coming period.
• Trends, the flagship store format has launched a concept store with contemporary design and
future ready, immersive shopping experience.

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Media Release
• The business is further strengthening its own brands portfolio through strategic partnerships -
Performax partnered with All India Football Federation as an official kit sponsor while Point Cove
partnered with Viacom18 for MTV kid’s collection.
• AJIO reported another strong quarter of growth. The catalogue expansion continued with range
expanding by 50% Y-o-Y. The platform also successfully executed “AJIO All Star Sale” event and
added ~2 million new customers.
• Partner Brands continued to lead premium and luxury segment with widest portfolio of brands. Ajio
Luxe delivered strong performance with option count going up by 61% Y-o-Y and a portfolio
expanding to over 600 brands. Kids-wear portfolio has been further strengthened with acquisition
of Ed-a-Mamma brand.
• Jewels business reported a sustained growth led by improvement in operational metrics in an
environment where gold rates remained high. The business continued to strengthen product
offerings with launch of ‘Varalakshmi’, a regional festive collection focused on South India market,
Bella 6.0 and Aabhar national collections.
• Lingerie business’s flagship event ‘Grand Lingerie Festival’ delivered strong traffic across offline
and online channels. The business strengthened product portfolio through new launches -
thermals, athleisure, PJ sets.
• Urban Ladder’s ‘Freedom Sale’ campaign during Independence Day period delivered strong
customer traction. The business forayed into B2B business through institutional sales.
Grocery
• Grocery delivered another quarter of record performance with 33% growth Y-o-Y led by Smart and
Smart Bazaar formats.
• The business successfully executed ‘Full Paisa Vasool Sale’ driven by uptick in general
merchandise and home & personal care categories. Notably, the business achieved its highest
single-day sale on 15th August.

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• Strong shopping was witnessed during festivals of Raksha Bandhan, Onam, Janmashtami &
Ganpati with gift packs and festive categories gaining good traction in addition to the wider portfolio
of products.
• Business collaborated with over 125 leading brands in the country for ‘Smart Bazaar Chaliye’
campaign, an industry first initiative.
• The business is integrating Metro Cash & Carry’s operations with grocery New Commerce
business to provide omni-channel experience and wider assortment to our B2B customers and
merchant partners.
Consumer Brands
• Consumer brands maintained its growth led by beverages, general merchandise and staples
categories.
• The business is focusing on expanding distribution reach and engagement in General Trade
channel, delivering 4x Y-o-Y revenue growth.
• Beverages continued to see strong performance with 7x revenue growth Y-o-Y. Campa has been
receiving good traction from trade channels & consumers. ‘Campa Cricket’ has been launched to
capitalise on the ICC World Cup event.
JioMart
• JioMart continued to be on a sustained growth path with robust increase in traffic and average bill
value.
• JioMart’s "Grand Independence Sale” saw strong performance with robust growth in traffic and
Gross Merchandise Value over last year.
• The business has undertaken strong marketing initiatives with onboarding of MS Dhoni as brand
ambassador. To capitalise on the coming festive season, business has launched ‘JioUtsav –
Celebrations of India’ event featuring great discounts and offers across categories.

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Media Release
• The focus on improving customer experience remains a top priority for JioMart. Grocery ingress
with ‘Smart’ branding was launched for easier and faster grocery shopping experience.
• The platform also strengthened its catalogue with option count growing 3x over last year and seller
base expanding by 2x over last year.
LEADERSHIP QUOTE
Isha M. Ambani, Executive Director, Reliance Retail Ventures Limited, said "I am delighted to
report that we have delivered yet another quarter of stellar performance and achieved an all-time
high across financial metrics. The performance is a testament to our customer-centric approach
that defines Reliance Retail and we look forward to serving our customers this festive season with
renewed optimism and enthusiasm."

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Media Release
OIL TO CHEMICALS (“O2C”) SEGMENT
QUARTERLY REVENUE AT ₹ 147,988 CRORE ($ 17.8 BILLION), DOWN 7.3% Y-o-Y
QUARTERLY EBITDA AT ₹ 16,281 CRORE ($ 2.0 BILLION), UP 36.0% Y-o-Y
(₹ in crore)
Sr. 2Q 1Q 2Q % chg. 1H 1H FY23
No. Particulars FY24 FY24 FY23 Y-o-Y FY24 FY23
1 Revenue 147,988 133,031 159,671 (7.3) 281,019 321,386 594,650
2 Exports 83,834 69,006 86,321 (2.9) 152,840 182,477 339,811
3 EBITDA 16,281 15,271 11,968 36.0 31,552 31,856 62,075
4 EBITDA Margin 11.0 11.5 7.5 350 bps 11.2 9.9 10.4
5 Depreciation 2,193 2,090 2,186 0.3 4,283 4,058 8,192
• Segment Revenue for 2Q FY24 reduced by 7.3% Y-o-Y to ₹ 147,988 crore ($ 17.8 billion)
primarily on account of a sharp 14% reduction in crude oil prices, resulting in lower price
realisation for products.
• Segment EBITDA for 2Q FY24 was higher by 36.0 % Y-o-Y at ₹ 16,281 crore ($ 2.0 billion) with
strength in gasoline and PVC margins, optimised feedstock sourcing and lower SAED in-line with
decline in middle-distillate cracks. Downstream contribution remained weak with lower PE, PP
and polyester chain deltas.

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Sr. UoM 2Q 1Q 2Q % chg. FY23

Particulars
1 Total Throughput MMT 20.0 19.7 18.6 7.5 77.0
2 Production meant for MMT 17.1 17.2 16.2 5.6 66.4
Sale*
* Production meant for Sale denotes Total Production adjusted for Captive Consumption
• Focus was on maximizing netbacks through:
o Maximizing Alkylate and high RON gasoline export with improved premiums.
o Optimizing petrochemical production in subdued margin environment.
• Improved Gasifier availability and performance helped in minimizing the fuel mix cost.
• Shutdown of one Crude unit, Catalytic Cracking unit, Coker unit, Refinery Off-gas Cracker (ROGC)
and Downstream units were initiated in the second half of September’ 2023 for regular
maintenance & inspection.
Business Environment
• Global oil demand in 2Q FY24 rose 2.5 mb/d Y-o-Y to 102.7 mb/d, with strong demand mainly
from China and India. Jet/Kero and gasoline posted robust demand growth Y-o-Y at ~1 mb/d and
~0.7 mb/d respectively, while diesel demand saw relatively lower growth of ~0.2 mb/d.
• Crude oil benchmarks declined Y-o-Y due to macro-economic headwinds on high interest rates,
lower industrial activities, and sentiments shifting from risk premium to fundamentals. Continued

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Russian oil supply despite EU ban pressured prices. Dated Brent averaged $86.8 /bbl in 2Q FY24,
lower by $14.1 /bbl Y-o-Y.
• Global refinery throughput was higher by 1.7 mb/d Y-o-Y at 82.9 mb/d in 2Q FY24.
• Domestic demand for transportation fuels remained healthy with continuing strong momentum in
automobile sales and air passenger traffic. Demand for HSD, MS & ATF increased by 4.3%, 5.7%
and 13.5% respectively over same quarter last year.
• Domestic polymer and polyester demand during 2Q FY24 improved by 25% and 12% Y-o-Y
respectively with channel restocking on attractive price and continuing demand from infrastructure
projects, pipes and packaging sector.
Transportation fuels
Quarterly performance
• Singapore Gasoline 92 RON cracks increased Y-o-Y to $13.1 /bbl in 2Q FY24 from $8.9 /bbl in
2Q FY23. Cracks rose due to higher seasonal demand, low inventories and unplanned refinery
outages in Europe leading to tightened balances.
• Singapore Gasoil 10-ppm cracks fell Y-o-Y to $28.8 /bbl in 2Q FY24 from $41.1 /bbl in 2Q FY23.
Cracks fell Y-o-Y due to weak macroeconomic sentiments and resilient Russian diesel supplies in
the market.
• Singapore Jet/Kero cracks fell Y-o-Y to $26.1 /bbl in 2Q FY24 from $32.4 /bbl in 2Q FY23. Cracks
moderated Y-o-Y in line with gasoil cracks as the sentiments shifted from risk premium to the
fundamentals.

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Polymers
Quarterly Performance
• Polymer price declined by 7-10% Y-o-Y with subdued global demand and volatile energy price
environment.
• US Ethane price was at 30 cpg, down by 46% Y-o-Y in line with lower US gas prices. Singapore
Naphtha price was at $ 619/MT, down by 6% Y-o-Y.
• PE and PP markets remained well supplied, resulting in decline in deltas. PE margin over Naphtha
averaged $335/MT during 2Q FY24 as against $365/MT in 2Q FY23. PP margin over Naphtha
averaged $297/MT during 2Q FY24 as against $357/MT in 2Q FY23.
• PVC margin over Naphtha & EDC averaged $460/MT in 2Q FY24 as against $429/MT in 2Q
FY23, with firm demand and decline in raw material price.
• Domestic polymer demand improved with increased economic activity. 2Q FY24 Polymer demand
was up by 25% Y-o-Y. PE and PP demand improved by 31% and 15% respectively led by healthy
demand in consumer durables, packaging, automotive, e-commerce and infrastructure sectors.
PVC demand improved by 31% driven by healthy demand in pipes, wires and cables and
infrastructure projects.
• A robust supply chain network and superior customer service supported optimal product
placement in the domestic market. RIL continued to maintain leadership position in domestic
polymer market.

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Polyesters
Quarterly performance
• Polyester chain delta decreased Y-o-Y with weaker deltas across the chain except PX amidst
slow demand recovery in China. Polyester chain margin was $ 524/MT during 2Q FY24 as against
$ 600/MT in 2Q FY23.
• During 2Q FY’24, PX margin over Naphtha improved Y-o-Y with strong PTA operation in China
and favourable gasoline economics led to diversion of PX production into gasoline pool. PTA
margins impacted due to firm PX prices. MEG-Naphtha margins remained stable Y-o-Y; however,
continue to remain significantly below 5-year average amidst higher China MEG inventory levels
and capacity overhang.
• On Y-o-Y basis, domestic polyester demand increased by 12% with improvement in PET demand
by 28% amidst strong pull from beverage segment. Both PSF and PFY demand improved by 8%
due to improved economic activities and pre-festive season stocking.
Jio-bp update
• Reliance BP Mobility Limited, operates 1,663 Jio-bp branded outlets across the country. It is
delivering pioneering HSD and high-performance petrol, backed by internationally developed
active technology, at prevailing market rate across its network.
• Backed by industry shift to transparent pricing and high service standard, Aviation has grown
domestic volumes and onboarded multiple international airlines.
• There was an increased volume traction at both CNG and CBG in line with emphasis on gaseous
fuel.

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Media Release
• With 3600+ live charging points (including 19 charging hubs), Jio-bp is country’s largest Charge
point operator in public fleet hub charging. Jio-bp was awarded the “Service Excellence Award” in
Charging Infrastructure Fleet (Public) Category at India fleet Show at Bengaluru.

Page 21 of 26
Media Release
OIL AND GAS (EXPLORATION & PRODUCTION) SEGMENT
QUARTERLY REVENUE AT ₹ 6,620 CRORE ($ 797 MILLION), UP 71.8% Y-o-Y

QUARTERLY EBITDA AT ₹ 4,766 CRORE ($ 574 MILLION), UP 50.3% Y-o-Y
(₹ in crore)
No. FY24 FY24 FY23 Y-o-Y FY24 FY23
1 Revenue 6,620 4,632 3,853 71.8 11,252 7,478 16,508
2 EBITDA 4,766 4,015 3,171 50.3 8,781 5,908 13,589
3 EBITDA Margin (%) 72.0 86.7 82.3 (1030 78.0 79.0 82.3
bps)
4 Depreciation 1,323 824 661 100.2 2,147 1,309 2,656
• 2Q FY24 Revenue is higher by 71.8% as compared to 2Q FY23 mainly on account of higher

production of Gas & Oil and commencement of Condensate production from MJ field along with
6% higher gas price realization in KG D6.
• The average price realised for KG D6 gas was $ 10.46/MMBTU in 2Q FY24 vis-à-vis $
9.86/MMBTU in 2Q FY23. The average price realised for CBM gas was $ 13.72/MMBTU in 2Q
FY24 vis-à-vis $ 23.34 / MMBTU in 2Q FY23.
• EBITDA increased to ₹ 4,766 crore which is up by 50.3% on Y-o-Y basis. EBITDA margin was at
72% for 2Q FY24. Margins were compressed during the quarter due to higher costs related to
commissioning and ramp-up of MJ field and decommissioning activities at Tapti field.

Page 22 of 26
Media Release
Sr. Particulars UoM 2Q 1Q 2Q % chg. FY23

1 KGD6 Production Bcfe 68.3 48.3 41.2 65.8 166.0
2 CBM Production Bcfe 2.1 2.1 2.4 (12.5) 9.3
C. STRATEGIC PROGRESS
KG D6 – MJ Field Project Update

• The Drilling & Completion campaign for MJ wells has been completed successfully. All eight wells
are now completed, connected, and producing.
• With incremental gas production from MJ field, along with ongoing production from R Cluster and
Satellite Cluster fields, Block KG D6 is currently producing ~29 MMSCMD.
CBM
• As part of production augmentation plan, additional 40 wells program has commenced.
Production is expected to ramp-up from 4Q FY24.
KG UDW1 – Exploration Update

• First exploration well in Block KG UDW1 is planned to be drilled in 2H FY24.

Page 23 of 26
Media Release
MEDIA BUSINESS

VIACOM18 BECOMES HOME OF INDIAN CRICKET WITH ACQUISITION OF INDIA CRICKET RIGHTS
(₹ in crore)
Sr. 2Q 1Q 2Q % chg. 1H 1H FY23
No. Particulars FY24 FY24 FY23 Y-o-Y FY24 FY23
1 Gross Revenue 2,164 3,790 1,812 19.4 5,954 3,369 7,266
2 Revenue from Operations 1,865 3,239 1,549 20.4 5,104 2,889 6,223
3 EBITDA (31) 108 36 (186.1) 77 104 236
4 EBITDA Margin (%)* (1.7) 3.3 2.3 (400 bps) 1.5 3.6 3.8
5 Depreciation 57 41 30 90.0 98 57 128
6 Finance Cost 66 68 46 43.5 134 74 209
7 Share of Profit of 37 28 12 208.3 65 39 85
Associates & JV
8 Tax Expenses (6) (2) 1 (700.0) (8) 1 (0)
9 Net Profit (111) 29 (29) (282.8) (82) 11 (16)
* EBITDA Margin is calculated on Revenue from Operations

• Business delivered strong revenue from operations of ₹ 1,865 crore, up by 20.4% Y-o-Y, driven
by growth across businesses.
• Viacom18 revenue was driven primarily by Viacom18 Studios and Sports vertical. With India-
Australia and West Indies-India cricket series, sports vertical saw a sharp jump in revenues.
Production and distribution of 3 commercially successful movies drove growth in Movies business
revenue. JioCinema ad revenue also grew on the back of original digital content.

Page 24 of 26
Media Release
• In News segment, TV business registered a strong growth in advertising revenue underpinned by
the leadership positions across key markets. Digital business also delivered a healthy growth
driven by video and events monetisation.
• EBITDA declined as the business made investments in growth verticals - Sports and Digital. Both
these require investments in the near term to build a strong consumer proposition which will help
Viacom18 rise to the leadership position in the cluttered media landscape. Investments in sports
programming, especially cricket, is driving a sharp jump in audience traffic on JioCinema, as live
sports consumption increasingly pivots towards digital. Viacom18 is building a strong catalogue
of entertainment content which will leverage this wide reach to make JioCinema the default
destination for consumers across the country looking for quality content.
Sr. % chg. FY23

2Q 1Q 2Q
No. Particulars UoM w.r.t.2Q
FY24 FY24 FY23
FY23
1 Network Share - TV News1 - 11.4% 12.0% 10.8% 6.0 10.7%
2 Network Share - TV
- 10.5% 10.1% 10.0% 5.0 10.3%
Entertainment2
3 Monthly Reach - Digital
Million 222.5 208.0 213.7 4.1 204.6
News3
1. BARC Data; Last week of the quarter; for FY23 - Average of all weeks;
2. BARC Data
3. Comscore MMX data: 2Q FY24 -Aug’23, 1Q FY24 - Jun’23, 2Q FY23 - Sep’22, FY23 –Apr’22-Mar’23.
Viacom18
o Viacom18 continued to strengthen its sports portfolio with acquisition of exclusive media rights for
BCCI International and Domestic cricket matches for 5 years and Indian Super League for 2
years. Along with IPL, WPL, Cricket South Africa, SA20, MLC, among others, Viacom18 has firmly
established itself as the home of cricket in India. Viacom18’s portfolio of other sports include

Page 25 of 26
Media Release
Olympics 2024, NBA, La Liga, Ligue1, Serie A, Diamond League, MotoGP, Ultimate Table Tennis,
and top BWF events, make it a complete destination for sports fans across the country. The first
cricket BCCI series, India vs Australia, reached ~90 million users on JioCinema.
o JioCinema continued its journey of entertaining audiences with premium content like Bigg Boss
OTT, Taali, Kaalkoot, and Khatron Ke Khiladi amongst others. Bigg Boss OTT became the most
streamed entertainment property in India, watched by over 100 million viewers, generating 30
billion minutes of watch-time. Powered by unique features like multi-camera feeds, 360o cameras,
live chats, etc., audiences engaged with the show at a level never seen before, casting a total of
5.4 billion votes.
o TV entertainment network had a 10.5% viewership share in the non-news genre. Colors was the
#2 channel in primetime with Khatron Ke Khiladi being the highest rated reality show in the genre
during the quarter. Colors Kannada and Colors Marathi maintained strong positions in their
respective markets and the movie channel portfolio has strengthened its viewership share and
ranking.
News
o Network18’s TV News portfolio connects with ~190 million people on a weekly basis, making it
the highest reach network in the country. The network had an all-India viewership share of 11.4%1
with #1 channels in the biggest markets - News18 India (Hindi) and CNN News18 (English) and
CNBC TV18 (English Business). It also continues to be the network of choice in the Hindi
speaking markets with leadership in 5 states including some of the largest states like
UP/Uttarakhand, Rajasthan, MP/Chhattisgarh.
o Network18’s Digital portfolio continued to be India’s #2 publisher, reaching ~225 million people
on a monthly basis, ~45% of India’s internet population. Moneycontrol maintained its leadership
in the genre in terms of time spent, and English and Hindi language websites continued to be
amongst the top platforms in their genres, ranking high on engagement metrics. Firstpost has
seen a 2x growth in monthly active users and time spent across platforms, driven by its
differentiated programming on global affairs with an Indian perspective.
1
Source: BARC | Mkt: All India, News genre | TG: 15+ | Week 36’23-39'23

Page 26 of 26
Name of the Company: Reliance Industries Limited
Registered Office : 3rd Floor, Maker Chambers IV, 222, Nariman Point, Mumbai 400 021
UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER / HALF YEAR ENDED 30TH SEPTEMBER 2023
(₹ in crore, except per share data and ratios)
Year Ended
Quarter Ended Half Year Ended
Particulars (Audited)
30 Sep'23 30 Jun'23 30 Sep’22 30 Sep’23 30 Sep’22 31 Mar’23
Income
Value of Sales & Services (Revenue) 255,996 231,132 252,846 487,128 495,375 974,864
Less: GST Recovered 21,040 20,301 20,629 41,341 40,494 83,553
Revenue from Operations 234,956 210,831 232,217 445,787 454,881 891,311
Other Income 3,841 3,813 3,476 7,654 5,713 11,734
Total Income 238,797 214,644 235,693 453,441 460,594 903,045
Expenses
Cost of Materials Consumed 101,619 95,809 116,952 197,428 247,480 450,241
Purchases of Stock-in-Trade 50,786 38,372 46,086 89,158 83,129 168,505
Changes in Inventories of Finished Goods, Work-in-
304 (2,513) (3,919) (2,209) (24,809) (30,263)
Progress and Stock-in-Trade
Excise Duty 3,070 3,272 2,808 6,342 6,617 13,476
Employee Benefits Expense 5,947 6,601 6,148 12,548 12,147 24,872
Finance Costs 5,731 5,837 4,554 11,568 8,551 19,571
Depreciation / Amortisation and Depletion Expense 12,585 11,775 9,726 24,360 18,668 40,303
Other Expenses 32,262 31,197 33,102 63,459 61,520 122,318
Total Expenses 212,304 190,350 215,457 402,654 413,303 809,023
Profit Before Share of Profit / (Loss) of Associates and
26,493 24,294 20,236 50,787 47,291 94,022
Joint Ventures and Tax
Share of Profit / (Loss) of Associates and Joint Ventures 58 76 (69) 134 (128) 24
Profit Before Tax from Continuing Operations 26,551 24,370 20,167 50,921 47,163 94,046
Tax Expenses
Current Tax 3,499 3,392 2,446 6,891 6,512 8,398
Deferred Tax 3,174 2,720 2,389 5,894 5,914 11,978
Profit from Continuing Operations 19,878 18,258 15,332 38,136 34,737 73,670
Profit from Discontinued Operations (Net of Tax) - - 180 - 218 418
Profit for the Period 19,878 18,258 15,512 38,136 34,955 74,088
Other Comprehensive Income
Continuing Operations
I Items that will not be reclassified to Profit or Loss 192 611 871 803 356 (39)
Income tax relating to items that will not be
II (17) (79) (106) (96) (45) (13)
reclassified to Profit or Loss
III Items that will be reclassified to Profit or Loss (1,765) 1,091 (2,816) (674) (8,577) (9,503)
Income tax relating to items that will be
IV 459 (276) 436 183 1,596 1,829
Total Other Comprehensive Income / (Loss) from
(1,131) 1,347 (1,615) 216 (6,670) (7,726)
Continuing Operations (Net of Tax)
Discontinued Operations
Items that will not be reclassified to Profit or Loss
I - - (7,969) - (9,390) (11,101)
(Net of Tax)
Items that will be reclassified to Profit or Loss (Net
II - - 26 - (12) 15
of Tax)
- - (7,943) - (9,402) (11,086)
Discontinued Operations (Net of Tax)
Total Other Comprehensive Income / (Loss) (Net of
(1,131) 1,347 (9,558) 216 (16,072) (18,812)
Tax)
Total Comprehensive Income for the Period 18,747 19,605 5,954 38,352 18,883 55,276

Page 1 of 21
Year Ended
Net Profit attributable to:
a) Owners of the Company 17,394 16,011 13,656 33,405 31,611 66,702
b) Non-Controlling Interest 2,484 2,247 1,856 4,731 3,344 7,386
Other Comprehensive Income attributable to:
a) Owners of the Company (1,143) 1,341 (9,561) 198 (16,035) (18,783)
b) Non-Controlling Interest 12 6 3 18 (37) (29)
Total Comprehensive Income attributable to:
a) Owners of the Company 16,251 17,352 4,095 33,603 15,576 47,919
b) Non-Controlling Interest 2,496 2,253 1,859 4,749 3,307 7,357
Earnings per equity share (Face Value of ₹ 10/-) (Not
Annualised for the quarter/half year ended)
(a.1) Basic (in ₹) 25.71 23.66 19.92 49.37 46.40 97.97
(b.1) Diluted (in ₹) 25.71 23.66 19.92 49.37 46.40 97.97
(a.1) Basic (in ₹) - - 0.27 - 0.32 0.62
(b.1) Diluted (in ₹) - - 0.27 - 0.32 0.62
Continuing and Discontinued Operations:
(a.1) Basic (in ₹) 25.71 23.66 20.19 49.37 46.72 98.59
(b.1) Diluted (in ₹) 25.71 23.66 20.19 49.37 46.72 98.59
Paid up Equity Share Capital (Equity Shares of face value
6,766 6,766 6,766 6,766 6,766 6,766
of ₹ 10/- each)
Other Equity excluding Revaluation Reserve 709,106
Capital Redemption Reserve/Debenture Redemption
2,358 2,358 3,494 2,358 3,494 2,358
Reserve
Net Worth (including Retained Earnings) 704,032 684,876 671,726 704,032 671,726 668,880
Ratios
a) Debt Service Coverage Ratio 1.66 1.66 1.97 1.66 2.78 2.35
b) Interest Service Coverage Ratio 5.63 5.18 5.43 5.40 6.52 5.81
c) Debt Equity Ratio 0.39 0.43 0.37 0.39 0.37 0.44
d) Current Ratio 1.16 1.21 1.01 1.16 1.01 1.07
e) Long term debt to working capital 2.89 2.57 5.10 2.89 5.10 2.97
f) Bad debts to Account receivable ratio - - - - - -
g) Current liability ratio 0.47 0.45 0.48 0.47 0.48 0.51
h) Total debts to total assets 0.18 0.19 0.18 0.18 0.18 0.20
i) Debtors turnover $ 32.26 33.62 39.69 29.80 40.05 37.43
j) Inventory turnover $ 5.99 5.25 6.98 5.66 7.46 6.98
k) Operating margin (%) 11.1 11.4 8.4 11.3 10.1 10.5
l) Net profit margin (%)* 7.8 7.9 6.1 7.8 7.1 7.6
$ Ratios for the quarter/half year have been annualised
* Includes Profit from discontinued operations

Page 2 of 21
UNAUDITED CONSOLIDATED BALANCE SHEET AS AT 30TH SEPTEMBER, 2023
(₹ in crore)
As at 31st March, 2023
Particulars As at 30th September, 2023
(Audited)
ASSETS
Non-Current Assets
Property, Plant and Equipment 575,242 570,503
Spectrum 72,744 75,351
Other Intangible Assets 85,947 63,681
Goodwill 14,904 15,270
Capital Work-in-Progress 161,344 117,259
Spectrum Under Development 126,112 122,357
Other Intangible Assets Under Development 49,313 54,136
Financial Assets
Investments 111,349 117,087
Loans 1,552 1,525
Other Financial Assets 1,770 2,523
Deferred Tax Assets (Net) 940 1,549
Other Non-Current Assets 41,254 40,894
Total Non-Current Assets 1,242,471 1,182,135
Current Assets
Inventories 146,258 140,008
Financial Assets
Trade Receivables 36,936 28,448
Cash and Cash Equivalents 68,827 68,664
Loans 2,258 176
Other Financial Assets 28,746 19,696
Other Current Assets 52,612 49,831
Total Current Assets 439,744 425,296
Total Assets 1,682,215 1,607,431
EQUITY AND LIABILITIES
Equity
Equity Share Capital 6,766 6,766
Other Equity 744,456 709,106
Non-Controlling Interest 126,053 113,009
Total Equity 877,275 828,881
Liabilities
Non-Current Liabilities
Financial Liabilities
Borrowings 224,018 183,176
Lease Liabilities 16,773 16,230
Deferred Payment Liabilities 110,597 112,847
Other Financial Liabilities 7,242 7,704
Provisions 2,101 1,607
Deferred Tax Liabilities (Net) 65,526 60,324
Other Non- Current Liabilities 1,170 919
Total Non-Current Liabilities 427,427 382,807
Current Liabilities
Borrowings 71,669 130,790
Trade Payables 158,101 147,172
Other Current Liabilities 55,240 42,906
Total Current Liabilities 377,513 395,743
Total Liabilities 804,940 778,550
Total Equity and Liabilities 1,682,215 1,607,431

Page 3 of 21
UNAUDITED CONSOLIDATED CASH FLOW STATEMENT FOR THE HALF YEAR ENDED 30TH SEPTEMBER, 2023
(₹ in crore)
Particulars Half Year Ended Half Year Ended
30th Sep’23 30th Sep’22
A. CASH FLOW FROM OPERATING ACTIVITIES:
Net Profit Before Tax as per Statement of Profit and Loss
Continuing Operations 50,921 47,163
Discontinued Operations - 452
Adjusted for:
Share of (Profit)/Loss of Associates and Joint Ventures (134) 140
Premium on Buy back of Debentures - 33
(Profit) / Loss on Sale / Discard of Property, Plant and Equipment and Other Intangible Assets (Net) (67) (65)
Depreciation / Amortisation and Depletion Expense from Continuing Operations 24,360 18,668
Depreciation / Amortisation and Depletion Expense from Discontinued Operations - 8
Effect of Exchange Rate Change (1,037) (693)
Net Gain on Financial Assets# (663) 834
Dividend Income# (72) (27)
Interest Income# (5,320) (5,558)
Finance Costs# 11,568 8,551
Operating Profit before Working Capital Changes 79,556 69,506
Adjusted for:
Trade and Other Receivables (20,361) (365)
Inventories (6,250) (25,037)
Trade and Other Payables 22,062 (9,644)
Cash Generated from Operations 75,007 34,460
Taxes Paid (Net) (4,162) (4,410)
Net Cash Flow from Operating Activities 70,845 30,050
B. CASH FLOW FROM INVESTING ACTIVITIES:
Expenditure on Property, Plant and Equipment, Spectrum and Other Intangible Assets (65,811) (68,204)
Proceeds from disposal of Property, Plant and Equipment and Other Intangible Assets 94 244
Purchase of Other Investments (315,894) (202,433)
Proceeds from Sale of Financial Assets 338,826 244,735
Payment of Deferred Payment liabilities (2,099) -
Interest Income 4,366 3,231
Dividend Income from Associates 3 2
Dividend Income from Others 14 -
Net Cash Flow used in Investing Activities (40,501) (22,425)
C. CASH FLOW FROM FINANCING ACTIVITIES:
Proceeds from Issue of Equity Share Capital -* -
Proceeds from Issue of Share Capital to Non-Controlling Interest (Net of Dividend Paid) 16,080 (127)
Net Proceeds from Rights Issue 6 31
Payment of Lease Liabilities (2,560) (2,929)
Proceeds from Borrowings - Non-Current (including current maturities) 42,612 7,588
Repayment of Borrowings - Non-Current (including current maturities) (26,080) (11,526)
Borrowings - Current (Net) (33,938) 25,735
Dividend Paid (6,089) (5,083)
Interest Paid (20,581) (9,358)
Net Cash Flow (used in)/from Financing Activities (30,550) 4,331
Net (Decrease)/Increase in Cash and Cash Equivalents (206) 11,956
Opening Balance of Cash and Cash Equivalents 68,664 36,178
Add: Upon addition of Subsidiaries 369 124
Closing Balance of Cash and Cash Equivalents 68,827 48,258
# Other than Financial Services segment
*₹ 150,000

Page 4 of 21
Notes
1. The figures for the corresponding previous period have been regrouped / reclassified wherever
necessary, to make them comparable.
2. Total Non-Convertible Debentures of the Group outstanding (before netting off prepaid finance
charges and Fair Valuation Impact) as on September 30, 2023 are ₹ 19,326 crore out of which,
Secured Non-Convertible Debentures are ₹ 3,000 crore.
The Secured Non-Convertible Debentures of the Group aggregating ₹ 3,000 crore as on
September 30, 2023 are secured by way of first charge on the Group’s certain movable
properties. The security cover in respect of the Secured Non-Convertible Debentures of the
Group as on September 30, 2023 is more than 1.25 times of the principal and interest amount
of the said Secured Non-Convertible Debentures.
During the period April 2023 to September 2023, the Group redeemed Listed Secured Non-
Convertible Debentures amounting to ₹ 1,566 crore (PPD Series 12), Listed Secured Non-
Convertible Debentures amounting to ₹ 1,531 crore (PPD Series 13), Listed Unsecured Non-
Convertible Debentures amounting to ₹ 3,405 crore (PPD Series K1), Listed Unsecured Non-
Convertible Debentures amounting to ₹ 2,340 crore (PPD Series M1), Listed Unsecured Non-
Convertible Debentures amounting to ₹ 550 crore (PPD Series M2) and Listed Unsecured Non-
Convertible Debentures amounting to ₹ 3,600 crore (PPD Series N).

Page 5 of 21
3. Formulae for computation of ratios are as follows –
Sr. Ratios Formulae
a) Debt Service Coverage Earnings before Interest and Tax

Ratio Interest Expense + Principal Repayments made during the
period for long term loans
b) Interest Service Earnings before Interest and Tax

Coverage Ratio Interest Expense
c) Debt Equity Ratio Total Debt

Total Equity
d) Current Ratio Current Assets

Current Liabilities
e) Long term debt to Non-Current Borrowings (Including Current Maturities of Non-

working capital Current Borrowings)
Current Assets Less Current Liabilities (Excluding Current
Maturities of Non-Current Borrowings)
f) Bad debts to Account Bad Debts

receivable ratio Average Trade Receivables
g) Current liability ratio Total Current Liabilities

Total Liabilities
h) Total debts to total Total Debt

assets Total Assets
i) Debtors turnover Value of Sales & Services

Average Trade Receivables
j) Inventory turnover Cost of Goods Sold (Cost of Material Consumed+ Purchases +

Changes in Inventory + Manufacturing Expenses)
Average Inventories of Finished Goods, Stock-in-Process and

Stock-in-Trade
k) Operating margin (%) Earnings before Interest and Tax

less Other Income
Value of Sales & Services
l) Net profit margin (%) Profit After Tax


Page 6 of 21
4. The Audit Committee has reviewed, and the Board of Directors has approved the above results
and its release at their respective meetings held on October 27, 2023. The Statutory Auditors
of the Company have carried out Limited Review of the aforesaid results.

Page 7 of 21
UNAUDITED CONSOLIDATED SEGMENT INFORMATION FOR THE QUARTER / HALF YEAR ENDED 30TH SEPTEMBER, 2023
(₹ in crore)
Year Ended
Sr. Particulars (Audited)
No
Segment Value of Sales and Services
1 (Revenue)
- Oil to Chemicals (O2C) 147,988 133,031 159,671 281,019 321,386 594,650
- Oil and Gas 6,620 4,632 3,853 11,252 7,478 16,508
- Retail 77,163 69,962 64,930 147,125 123,490 260,394
- Digital Services 32,657 32,077 29,560 64,734 58,072 119,791
- Others 19,114 17,827 20,854 36,941 36,044 88,455
Gross Value of Sales and Services 283,542 257,529 278,868 541,071 546,470 1,079,798
Less: Inter Segment Transfers 27,546 26,397 26,022 53,943 51,095 104,934
Value of Sales & Services 255,996 231,132 252,846 487,128 495,375 974,864
2 Segment Results (EBITDA)

- Oil to Chemicals (O2C)* 16,281 15,271 11,968 31,552 31,856 62,075
- Oil and Gas 4,766 4,015 3,171 8,781 5,908 13,589
- Retail* 5,831 5,151 4,414 10,982 8,263 17,974
- Others 2,200 2,267 1,403 4,467 2,681 5,611
Total Segment Profit before Interest, Tax and 43,149 40,425 33,247 83,574 72,706 149,535
Depreciation, Amortisation and Depletion
Segment Results (EBIT)

3
- Oil and Gas 3,443 3,191 2,510 6,634 4,599 10,933
- Retail* 4,428 3,814 3,540 8,242 6,535 13,994
- Others 441 599 376 1,040 850 1,045
Total Segment Profit before Interest and Tax 30,627 28,720 23,557 59,347 54,167 109,536
(i) Finance Cost (5,731) (5,837) (4,554) (11,568) (8,551) (19,571)
(ii) Interest Income 2,370 2,301 2,692 4,671 5,233 10,597
(iii) Other Un-allocable Income (Net of
(715) (814) (1,528) (1,529) (3,686) (6,516)
Expenditure)
Profit Before Tax from Continuing operations 26,551 24,370 20,167 50,921 47,163 94,046
(i) Current Tax (3,499) (3,392) (2,446) (6,891) (6,512) (8,398)
(ii) Deferred Tax (3,174) (2,720) (2,389) (5,894) (5,914) (11,978)
Profit from Continuing operations 19,878 18,258 15,332 38,136 34,737 73,670
Profit from Discontinued operations (Net of - - 180 - 218 418
Tax)
* Segment results (EBITDA and EBIT) include Interest Income/Other Income pertaining to the respective segments.

Page 8 of 21
(₹ in crore)
Sr. Year Ended
No Particulars (Audited)
4 Segment Assets
- Oil and Gas 37,988 38,040 36,404 37,988 36,404 37,812
- Retail 185,986 180,315 140,787 185,986 140,787 168,314
- Financial Services - - 95,416 - 95,416 -
- Others 236,699 232,494 196,743 236,699 196,743 217,133
- Unallocated 269,405 275,247 306,896 269,405 306,896 292,430
Total Segment Assets 1,682,215 1,646,223 1,625,924 1,682,215 1,625,924 1,607,431
5 Segment Liabilities
- Oil and Gas 6,827 5,570 7,811 6,827 7,811 6,042
- Retail 73,530 79,856 51,250 73,530 51,250 68,221
- Financial Services - - 30 - 30 -
- Others 32,975 39,355 28,416 32,975 28,416 43,364
- Unallocated 1,217,545 1,206,492 1,278,560 1,217,545 1,278,560 1,212,127
Total Segment Liabilities 1,682,215 1,646,223 1,625,924 1,682,215 1,625,924 1,607,431

Page 9 of 21
Notes to Segment Information (Consolidated) for the Quarter and Half Year Ended 30th
September 2023
As per Indian Accounting Standard 108 ‘Operating Segments’, the Company has reported ‘Segment
Information’, as described below:
a) The Oil to Chemicals business includes Refining, Petrochemicals, fuel retailing through
Reliance BP Mobility Limited, aviation fuel and bulk wholesale marketing. It includes
breadth of portfolio spanning transportation fuels, polymers, polyesters and elastomers.
The deep and unique integration of O2C business includes world-class assets comprising
Refinery Off-Gas Cracker, Aromatics, Gasification, multi-feed and gas crackers along
with downstream manufacturing facilities, logistics and supply-chain infrastructure.
b) The Oil and Gas segment includes exploration, development, production of crude oil and
natural gas.
c) The Retail segment includes consumer retail and range of related services.
d) The Digital Services segment includes provision of a range of digital services.
e) Other business segments which are not separately reportable have been grouped under
the Others segment.

Page 10 of 21
UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER / HALF YEAR ENDED 30TH SEPTEMBER, 2023
Year Ended
Income
Value of Sales & Services (Revenue) 147,345 132,222 146,106 279,567 302,766 578,088
Other Income 2,934 2,728 3,334 5,662 5,865 11,149
Total Income 143,384 128,627 143,488 272,011 296,306 563,972
Expenses
Cost of Materials Consumed 99,429 86,709 101,061 186,138 219,730 399,644
Purchases of Stock-in-Trade 3,695 2,622 2,368 6,317 4,784 9,974
Changes in Inventories of Finished Goods, Work-in-
(2,183) (421) 2,562 (2,604) (8,022) (5,862)
Progress and Stock-in-Trade
Excise Duty 3,070 3,272 2,808 6,342 6,617 13,476
Employee Benefits Expense 1,884 2,115 1,414 3,999 2,818 6,265
Finance Costs 3,239 3,596 2,916 6,835 5,532 12,633
Depreciation / Amortisation and Depletion Expense 4,384 3,883 2,611 8,267 4,859 11,167
Other Expenses 15,364 14,109 18,156 29,473 31,776 62,557
Total Expenses 128,882 115,885 133,896 244,767 268,094 509,854
Profit Before Tax from Continuing Operations 14,502 12,742 9,592 27,244 28,212 54,118
Tax Expenses
Current Tax 2,575 2,648 1,683 5,223 4,952 6,186
Deferred Tax 719 467 1,159 1,186 2,282 4,930
Profit From Continuing Operations 11,208 9,627 6,750 20,835 20,978 43,002
Profit From Discontinued Operations (Net of Tax) - - 165 - 1,033 1,188
Other Comprehensive Income
I Items that will not be reclassified to Profit or Loss (26) 43 69 17 1 9
Income tax relating to items that will not be (5) (1)
II 6 (11) (16) (3)
III Items that will be reclassified to Profit or Loss (1,813) 1,039 (2,939) (774) (8,587) (9,949)
Income tax relating to items that will be 195
IV 456 (261) 438 1,547 1,803
(1,377) 810 (2,448) (567) (7,040) (8,140)
Continuing Operations (Net of Tax)
Items that will be reclassified to Profit or Loss (Net - (12)
I - - 26 15
of Tax)
Total Other Comprehensive Income / (Loss) from - (12)
- - 26 15
Discontinued Operations (Net of Tax)
Total Other Comprehensive Income / (Loss) (Net of (567) (7,052)
(1,377) 810 (2,422) (8,125)
Tax)
Total Comprehensive Income for the Period 9,831 10,437 4,493 20,268 14,959 36,065
Earnings per equity share (Face Value of ₹ 10/-) (Not
Annualised for the quarter/half year ended)
(a.1) Basic (in ₹) 16.56 14.23 9.98 30.79 31.00 63.56
(b.1) Diluted (in ₹) 16.56 14.23 9.98 30.79 31.00 63.56
(a.1) Basic (in ₹) - - 0.24 - 1.53 1.76
(b.1) Diluted (in ₹) - - 0.24 - 1.53 1.76
Continuing and Discontinued Operations:
(a.1) Basic (in ₹) 16.56 14.23 10.22 30.79 32.53 65.32
(b.1) Diluted (in ₹) 16.56 14.23 10.22 30.79 32.53 65.32

Page 11 of 21
Year Ended
Paid up Equity Share Capital (Equity Shares of face value
6,766 6,766 6,766 6,766 6,766 6,766
of ₹ 10/- each)
Other Equity excluding Revaluation Reserve 472,312
Capital Redemption Reserve/Debenture Redemption
1,683 1,683 2,908 1,683 2,908 1,683
Reserve
Net Worth (including Retained Earnings) 447,143 442,014 433,683 447,143 433,683 432,382
Ratios
a) Debt Service Coverage Ratio 1.67 1.01 1.18 1.27 2.03 2.03
b) Interest Service Coverage Ratio 5.48 4.54 4.29 4.99 6.10 5.28
c) Debt Equity Ratio 0.38 0.41 0.44 0.38 0.44 0.45
d) Current Ratio 1.20 1.24 0.98 1.20 0.98 1.13
e) Long term debt to working capital 2.81 2.42 7.25 2.81 7.25 2.30
f) Bad debts to Account receivable ratio - - - - - -
g) Current liability ratio 0.54 0.53 0.53 0.54 0.53 0.61
h) Total debts to total assets 0.20 0.22 0.24 0.20 0.24 0.23
i) Debtors turnover $ 21.26 22.22 31.95 19.93 39.79 30.00
j) Inventory turnover $ 7.18 6.51 13.87 6.78 16.49 10.49
k) Operating margin (%) 10.0 10.3 6.3 10.2 9.2 9.6
l) Net Profit margin (%)* 7.6 7.3 4.7 7.5 7.3 7.6
$ Ratios for the quarter/half year have been annualised.

* Includes Profit from discontinued operations.

Page 12 of 21
UNAUDITED STANDALONE BALANCE SHEET AS AT 30TH SEPTEMBER, 2023
(₹ in crore)
As at 31st March, 2023
Particulars As at 30th September, 2023
(Audited)
ASSETS
Non-Current Assets
Property, Plant and Equipment 253,128 252,967
Intangible Assets 44,631 29,334
Capital Work-in-Progress 37,952 30,972
Intangible Assets Under Development 11,609 23,385
Financial Assets
Loans 12,631 12,431
Others Financial Assets 1,445 2,215
Other Non-Current Assets 770 2,832
Total Non-Current Assets 645,990 619,203
Current Assets
Inventories 88,454 84,756
Financial Assets
Trade Receivables 31,980 24,143
Cash and Cash Equivalents 52,527 61,007
Loans - 595
Others Financial Assets 36,442 35,109
Other Current Assets 10,038 11,773
Total Current Assets 281,488 303,457
Total Assets 927,478 922,660
EQUITY AND LIABILITIES
Equity
Equity Share Capital 6,766 6,766
Other Equity 486,506 472,312
Total Equity 493,272 479,078
Liabilities
Non-Current Liabilities
Borrowings 159,369 135,561
Other Financial Liabilities 225 584
Deferred Tax Liabilities (Net) 34,964 33,968
Total Non-Current Liabilities 199,078 174,195
Current Liabilities
Borrowings 30,131 80,262
Lease Liabilities 101 97
Trade Payables due to:
- Micro and Small Enterprise 326 533
- Other than Micro and Small Enterprise 136,467 119,278
Other Current Liabilities 32,591 25,735
Total Current Liabilities 235,128 269,387
Total Liabilities 434,206 443,582
Total Equity and Liabilities 927,478 922,660

Page 13 of 21
UNAUDITED STANDALONE CASH FLOW STATEMENT FOR THE HALF YEAR ENDED 30TH SEPTEMBER, 2023
(₹ in crore)
Half Year Ended 30th Half Year Ended 30th
Particulars
Sep’23 Sep’22
A. CASH FLOW FROM OPERATING ACTIVITIES

Net Profit Before Tax as per Statement of Profit and Loss
Continuing Operations 27,244 28,212
Discontinued Operations - 1,252
Adjusted for:
Premium on buy back of debentures - 33
Loss on Sale / Discard of Property, Plant and Equipment and Intangible Assets (Net) 50 25
Depreciation / Amortisation and Depletion Expense of Continuing Operations 8,267 4,859
Depreciation / Amortisation and Depletion Expense of Discontinued Operations - 6
Effect of Exchange Rate Change (986) (249)
Net (Gain)/Loss on Financial Assets# (16) 704
Dividend Income# (49) (17)
Interest Income# (4,513) (5,900)
Finance Costs 6,835 5,532
Operating Profit before Working Capital Changes 36,832 34,457
Adjusted for:
Trade and Other Receivables (5,168) (754)
Inventories (3,698) (6,068)
Trade and Other Payables 14,477 (16,219)
Cash Generated from Operations 42,443 11,416
Taxes Paid (Net) (2,579) (3,844)
Net Cash Flow from Operating Activities 39,864 7,572
B. CASH FLOW FROM INVESTING ACTIVITIES

Expenditure on Property, Plant and Equipment and Intangible Assets (16,732) (14,694)
Proceeds from disposal of Property, Plant and Equipment and Intangible Assets 42 44
Investment in Subsidiaries (23,031) (45,246)
Disposal of Investments in Subsidiaries 4,305 25
Purchase of Other Investments (231,267) (120,485)
Proceeds from Sale of Financial Assets 255,815 151,146
Loans (given) / repaid (net) – Subsidiaries, Associates, Joint Ventures and Others 395 27,455
Interest Income# 3,489 3,408
Dividend Income from Subsidiaries / Associates# 3 2
Net Cash Flow (used in)/ from Investing Activities (6,981) 1,655
C. CASH FLOW FROM FINANCING ACTIVITIES

Proceeds from Issue of Equity Share Capital -* -
Net Proceeds from Rights Issue 6 31
Payment of Lease Liabilities (326) (32)
Proceeds from Borrowings - Non-Current (including current maturities) 16,544 -
Repayment of Borrowings – Non-Current (including current maturities) (20,025) (11,125)
Borrowings - Current (Net) (22,277) 21,662
Dividend Paid (6,089) (5,083)
Interest Paid (9,196) (6,038)
Net Cash Flow used in Financing Activities (41,363) (585)
Net Increase/(decrease) in Cash and Cash Equivalents (8,480) 8,642
Opening Balance of Cash and Cash Equivalents 61,007 21,714
Closing Balance of Cash and Cash Equivalents 52,527 30,356
# Other than Financial Services Segment
* ₹ 150,000

Page 14 of 21
Notes
1. The figures for the corresponding previous period have been regrouped / reclassified wherever
necessary, to make them comparable.
2. During the quarter ended September 30, 2023, Hon’ble National Company Law Tribunal,
Ahmedabad Bench and Mumbai Bench have sanctioned the scheme of arrangement between
the Company and Reliance Projects and Property Management Services Limited (“RPPMSL”),
inter alia, providing for demerger of the Digital EPC and Infrastructure Undertaking ("Demerged
Undertaking") of RPPMSL into the Company (“Scheme”). The Appointed Date for the Scheme
was close of business hours of December 31, 2022 and the Effective Date is August 9, 2023.
The demerged undertaking of RPPMSL includes assets, liabilities and reserves of Reliance
Infratel Limited, which was transferred and vested in RPPMSL through a Composite Scheme of
Amalgamation, with effect from the Appointed Date of December 22, 2022. Consequently, the
results of the Company for the quarter ended June 30, 2023 and year ended March 31, 2023
together with Balance Sheet as at March 31, 2023 have been adjusted giving effect to the
Scheme.
3. Total Non-Convertible Debentures of the Company outstanding (before netting off prepaid
finance charges and Fair Valuation Impact) as on September 30, 2023 are ₹ 14,326 crore out
of which, Secured Non-Convertible Debentures are ₹ 3,000 crore.
The Secured Non-Convertible Debentures of the Company aggregating ₹ 3,000 crore as on
September 30, 2023 are secured by way of first charge on the Company’s certain movable
properties. The security cover in respect of the Secured Non-Convertible Debentures of the
Company as on September 30, 2023 is more than 1.25 times of the principal and interest
amount of the said Secured Non-Convertible Debentures.
During the period April 2023 to September 2023, the Company redeemed Listed Secured Non-
Convertible Debentures amounting to ₹ 1,566 crore (PPD Series 12), Listed Secured Non-

Page 15 of 21
Convertible Debentures amounting to ₹ 1,531 crore (PPD Series 13), Listed Unsecured Non-
Convertible Debentures amounting to ₹ 2,340 crore (PPD Series M1), Listed Unsecured Non-
Convertible Debentures amounting to ₹ 550 crore (PPD Series M2) and Listed Unsecured Non-
Convertible Debentures amounting to ₹ 3,600 crore (PPD Series N).

Page 16 of 21
4. Formulae for computation of ratios are as follows –
Sr. Ratios Formulae
a) Debt Service Coverage Earnings before Interest and Tax

Ratio Interest Expense + Principal Repayments made during the
period for long term loans
b) Interest Service Earnings before Interest and Tax

Coverage Ratio Interest Expense
c) Debt Equity Ratio Total Debt

Total Equity
d) Current Ratio Current Assets

Current Liabilities
e) Long term debt to Non-Current Borrowings (Including Current Maturities of Non-

working capital Current Borrowings)
Current Assets Less Current Liabilities (Excluding Current
Maturities of Non-Current Borrowings)
f) Bad debts to Account Bad Debts

receivable ratio Average Trade Receivables
g) Current liability ratio Total Current Liabilities

Total Liabilities
h) Total debts to total Total Debt

assets Total Assets
i) Debtors turnover Value of Sales & Services

Average Trade Receivables
j) Inventory turnover Cost of Goods Sold (Cost of Material Consumed+ Purchases +

Changes in Inventory + Manufacturing Expenses)
Average Inventories of Finished Goods, Stock-in-Process and

Stock-in-Trade
k) Operating margin (%) Earnings before Interest and Tax

less Other Income
l) Net profit margin (%) Profit After Tax


Page 17 of 21
5. The Audit Committee has reviewed, and the Board of Directors has approved the above results
and its release at their respective meetings held on October 27, 2023. The Statutory Auditors
of the Company have carried out Limited Review of the aforesaid results.

Page 18 of 21
UNAUDITED STANDALONE SEGMENT INFORMATION FOR THE QUARTER/HALF YEAR ENDED 30TH SEPTEMBER, 2023
(₹ in crore)
Sr. Year Ended
No. Particulars (Audited)
Segment Value of Sales and Services
1
(Revenue)
- Oil and Gas 6,606 4,620 3,844 11,226 7,457 16,463
- Retail 19 19 23 38 44 85
- Digital Services 587 769 328 1,356 697 1,992
- Others 10,429 7,235 452 17,664 955 15,192
Gross Value of Sales and Services 147,453 132,451 146,193 279,904 302,921 578,661
Less: Inter Segment Transfers 108 229 87 337 155 573
Value of Sales & Services 147,345 132,222 146,106 279,567 302,766 578,088
2 Segment Results (EBITDA)
- Oil and Gas 4,774 4,045 3,158 8,819 5,872 13,507
- Retail 11 12 10 23 22 45
- Digital Services 370 527 174 897 405 1,273
- Others 1,247 1,164 16 2,411 31 1,331
Total Segment Profit before Interest, 20,415 18,901 13,520 39,316 35,902 72,655
Tax and Depreciation, Amortisation
and Depletion
3 Segment Results (EBIT)

- Oil and Gas 3,464 3,233 2,508 6,697 4,588 10,902
- Retail 7 9 7 16 15 31
- Digital Services 96 168 8 264 51 234
- Others 69 (8) (166) 61 (183) (67)
Total Segment Profit before Interest 16,071 15,061 10,920 31,132 31,124 61,695
and Tax
(i) Finance Cost (3,239) (3,596) (2,916) (6,835) (5,532) (12,633)
(ii) Interest Income 2,237 2,161 2,972 4,398 5,828 10,847
(iii) Other Un-allocable Income (Net of (567) (884) (1,384) (1,451) (3,208) (5,791)
Expenditure)
Profit Before Tax from Continuing 14,502 12,742 9,592 27,244 28,212 54,118
operations
(i) Current Tax (2,575) (2,648) (1,683) (5,223) (4,952) (6,186)
(ii) Deferred Tax (719) (467) (1,159) (1,186) (2,282) (4,930)
Profit From Continuing Operations 11,208 9,627 6,750 20,835 20,978 43,002
Profit From Discontinued Operations
- - 165 - 1,033 1,188
(Net of Tax)
* Segment results (EBITDA and EBIT) include Interest Income/Other Income pertaining to the respective segments.

Page 19 of 21
(₹ in crore)
Sr. Particulars Year Ended
No. (Audited)
4 Segment Assets
- Oil and Gas 41,320 41,102 36,738 41,320 36,738 40,924
- Retail 18,059 18,054 18,058 18,059 18,058 18,040
- Financial Services - - 17,122 - 17,122 -
- Others 153,497 150,439 37,783 153,497 37,783 144,900
- Unallocated 305,416 311,420 398,942 305,416 398,942 329,415
Total Segment Assets 927,478 913,185 889,061 927,478 889,061 922,660
5 Segment Liabilities
- Oil and Gas 6,283 5,024 7,240 6,283 7,240 5,448
- Retail 11 9 12 11 12 10
- Digital Services 1,831 944 604 1,831 604 1,013
- Others 19,856 27,497 972 19,856 972 33,472
- Unallocated 825,756 833,581 833,881 825,756 833,881 846,712
Total Segment Liabilities 927,478 913,185 889,061 927,478 889,061 922,660

Page 20 of 21
Notes to Segment Information (Standalone) for the Quarter and Half Year Ended 30th September,
2023
As per Indian Accounting Standard 108 ‘Operating Segments’, the Company has reported ‘Segment
Information’, as described below:
a) The Oil to Chemicals business includes Refining, petrochemicals, aviation fuel and bulk
wholesale marketing. It includes breadth of portfolio spanning transportation fuels, polymers,
polyesters and elastomers. The deep and unique integration of O2C business includes world-
class assets comprising Refinery Off-Gas Cracker, Aromatics, multi-feed and gas crackers
along with downstream manufacturing facilities, logistics and supply-chain infrastructure.
b) The Oil and Gas segment includes exploration, development, production of crude oil and
natural gas.
c) The Retail segment includes consumer retail & its range of related services and investment
in retail business.
d) The Digital Services segment includes provision of a range of digital services and investment
in digital business.
e) All other business segments have been grouped under the Others segment.
f) Other investments / assets / liabilities, long term resources raised by the Company, business
trade financing liabilities managed by the centralised treasury function and related income /
expense are considered under Unallocated.
For Reliance Industries Limited
Mukesh D Ambani
Chairman & Managing Director
October 27, 2023

Page 21 of 21

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Media Release

27th October, 2023

CONSOLIDATED RESULTS FOR QUARTER ENDED 30TH SEPTEMBER, 2023

QUARTERLY EBITDA OF RELIANCE RETAIL AT ₹ 5,820 CRORE, UP 32.2% Y-o-Y

CONSOLIDATED FINANCIAL HIGHLIGHTS

10 Outstanding Debt 295,687 318,685 294,859 295,687 294,859 313,966

Registered Office: Corporate Communications Telephone : (+91 22) 2278 5000

Registered Office: Corporate Communications Telephone : (+91 22) 2278 5000

Registered Office: Corporate Communications Telephone : (+91 22) 2278 5000

has helped Reliance deliver another quarter of robust growth.

millions of Indians and catalyse India’s transformation to next-gen connectivity solutions. By

benchmark for the fastest roll-out of a 5G network across a large nation.

is consistently delivering robust performance.

transition to the Indian economy.”

Registered Office: Corporate Communications Telephone : (+91 22) 2278 5000

QUARTERLY REVENUE AT ₹ 31,537 CRORE, UP 10.6% Y-o-Y

Quarterly Performance (2Q FY24 vs 2Q FY23)

Registered Office: Corporate Communications Telephone : (+91 22) 2278 5000

Sr. 2Q 1Q 2Q % chg. FY23

Registered Office: Corporate Communications Telephone : (+91 22) 2278 5000

Experience, and Best 5G Mobile Gaming Experience.

OEMs and application developers to join the vision of 2G-mukt Bharat.

• JioAirFiber was launched in 8 cities (Ahmedabad, Bengaluru, Chennai, Delhi, Hyderabad,

Registered Office: Corporate Communications Telephone : (+91 22) 2278 5000

JioSpaceFiber to its premier lineup of broadband services, JioFiber and JioAirFiber.

customer engagement and access.

Registered Office: Corporate Communications Telephone : (+91 22) 2278 5000

education and defense.

Registered Office: Corporate Communications Telephone : (+91 22) 2278 5000

QUARTERLY REVENUE AT ₹ 77,148 CRORE, UP 18.8% Y-o-Y

Quarterly Performance (2Q FY24 vs 2Q FY23)

Registered Office: Corporate Communications Telephone : (+91 22) 2278 5000

1 Stores Number 18,650 18,446 16,617 12.2 18,040

Quarterly Performance (2Q FY24 vs 2Q FY23)

Registered Office: Corporate Communications Telephone : (+91 22) 2278 5000

Fashion & Lifestyle

Registered Office: Corporate Communications Telephone : (+91 22) 2278 5000

Registered Office: Corporate Communications Telephone : (+91 22) 2278 5000

Registered Office: Corporate Communications Telephone : (+91 22) 2278 5000

Registered Office: Corporate Communications Telephone : (+91 22) 2278 5000

Quarterly Performance (2Q FY24 vs 2Q FY23)

realisation for products.

and polyester chain deltas.

Registered Office: Corporate Communications Telephone : (+91 22) 2278 5000

Sr. UoM 2Q 1Q 2Q % chg. FY23

• Focus was on maximizing netbacks through:

o Optimizing petrochemical production in subdued margin environment.

maintenance & inspection.

Registered Office: Corporate Communications Telephone : (+91 22) 2278 5000

lower by $14.1 /bbl Y-o-Y.

and 13.5% respectively over same quarter last year.

projects, pipes and packaging sector.

outages in Europe leading to tightened balances.

Registered Office: Corporate Communications Telephone : (+91 22) 2278 5000

Naphtha price was at $ 619/MT, down by 6% Y-o-Y.

averaged $297/MT during 2Q FY24 as against $357/MT in 2Q FY23.

FY23, with firm demand and decline in raw material price.

demand in consumer durables, packaging, automotive, e-commerce and infrastructure sectors.

Registered Office: Corporate Communications Telephone : (+91 22) 2278 5000

and capacity overhang.