Reliance Industries Limited (RIGD) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good evening and welcome to the second quarter of financial year 2025 business presentation of our company Reliance Industries Limited. First, Mr. Shrikant Venkateshwari, 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. Then Sanjay Roy about the ENPP. Shikant will come back with what to see in the summary section. Over to you, Shikant. Thanks, Shini. Good evening, friends. The performance for consolidated numbers and highlights. So revenues at 2,58,000 crores up about 0.8%. EBITDA close to 44,000 crores. Lower by 2% and PAT at 19,323. 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 VCO2C, and we'll talk about the specific numbers there. On retail, it has been steady quarter with a focus on enhancing customer proposition and strengthening capabilities. On digital side, benefiting from improved ARPU as well as very good momentum in FTTH. O2C has been impacted by unfavorable demand supply fundamentals, and as you will see subsequently with the cracks being significantly lower. And oil and gas benefiting from sustained volume growth. Also last time in second quarter, FY24, there was a cost related to Tapti Field decommissioning. On the highlights, so revenues down about 1.1% for retail, EBITDA 0.3% higher, and PAT about 5.2% higher. So here, revenue growth impacted by fashion and lifestyle, which is really in line with industry trends. In our case, the growth rate was also impacted by the focus on streamlining of operations. as well as having a more calibrated approach to B2B, which were done with an objective of e...