RIL Q1 Revenue Crosses Milestone on 25% Jump

Reliance Industries Ltd posted a 25% year-on-year rise in operational revenue for the June quarter, crossing a key milestone. The growth was driven by higher volumes in the oil-to-chemicals segment and continued expansion in the retail and digital services businesses.

The company's EBITDA margin narrowed slightly, reflecting higher input costs in the refining and petrochemicals units. Retail revenue rose 18% from a year earlier, while Jio Platforms reported a 12% increase in average revenue per user.

Net debt stood at ₹1.2 lakh crore at quarter-end, down from ₹1.4 lakh crore a year ago, helped by lower capital expenditure in the energy business. The board did not announce any dividend or buyback.

RIL shares closed 1.2% higher on the NSE ahead of the results. The stock has gained 8% this year, trailing the Nifty 50's 12% advance.