Reliance amasses one lakh crore in digital revenue
- Reliance’s annual revenue for the retail business is around ₹ 200,000 crore.
- The highest annual EBITDA for the retail business is ₹ 12,423 crore ($1.6 billion).
- The annual revenue for digital services has crossed ₹ 100,000 crore.
- The annual EBITDA of the Digital Services business stands at a record high of Rs 40,268 crore ($5.3 billion).
- The oil & gas business recorded 5,457 crore ($720 million) in annual EBITDA, a 7-year high.
- RIL declared a dividend of ₹8 per share.
- True 5G coverage will be extended to 2,300+ cities and towns within 6 months.
- Jio Financial Services Limited will be listed this year to enhance its financial services base.
- The implementation of New Energy Giga Factories is making significant progress.
Chairman and Managing Director of Reliance Industries Limited Mukesh D. Ambani:
“We are delighted to see that Reliance’s initiatives in digital connectivity and organized retail are driving greater efficiency in the economy and contributing to India’s emergence as one of the fastest growing economies in the world.
Jio continues to digitally empower millions of citizens across the country, extending true 5G coverage to 2,300+ cities and towns in 6 months. Steady growth in mobility and FTTH subscriber base and expanding content and digital services Jio business continues to deliver impressive growth in operating profit.
The retail business recorded excellent growth due to expansion of physical and digital footprints and significant increase in footfall. We continue to expand our product base across consumption baskets, ensuring our customers get world-class products at affordable prices. Our retail team has an unwavering focus on improving the customer experience and making shopping easier.
Despite global uncertainties and disruptions in commodity trade flows, the segment posted its highest ever operating profit. Our oil and gas segment has also seen very strong growth and is now poised to contribute nearly 30% of India’s domestic gas production.
This year we have proposed to demerge our financial services division and list a new entity “Jio Financial Services Limited”. This gives our shareholders the opportunity to participate in an exciting new growth platform from the start.
Implementation of our New Energy Giga Factories at Jamnagar is making significant progress. This drives us to achieve our goals of transitioning to clean energy and enabling sustainable growth. We believe that Reliance’s significant investments and strategic partnerships in the renewable energy vertical will help transform India’s and the world’s energy landscape in the coming years.”
