Sunday, September 20
Energy-to-retail conglomerate Reliance Industries (RIL) on Friday posted its June quarter earnings where the company reported several key milestones, including its highest ever consolidated quarterly operating profit and net profit. Its telecom business surpassed 200 million 5G subscribers while the retail business delivered a double-digit EBITDA and industry leading EBITDA margin.Here are key takeaways from its Q1 earnings:1) Highest ever quarterly PATMukesh Ambani-led RIL reported a 78% year-on-year increase in its Q1FY26 consolidated net profit to Rs 26,994 crore, compared to Rs 15,138 crore in the year-ago period. The profit, attributable to the owners of the company, exceeded Street estimates of Rs 22,069 crore. The profit after tax (PAT) grew 39% on a sequential basis versus Rs 19,40
JioStar, the joint venture between Reliance Industries Limited (RIL) and Walt Disney, reported a net profit of ₹581 crore for the quarter ended June, according to RIL’s quarterly financial disclosure.The company recorded an EBITDA of ₹1,017 crore and operating revenue of ₹9,601 crore, driven by the strong performance of the Indian Premier League (IPL) 2025. This comes despite ongoing challenges in the entertainment segment due to reduced FMCG advertising spends.RIL said the IPL delivered its highest-ever revenue across TV and digital this year. JioStar holds both TV and digital rights for the IPL in the Indian market.While the TV entertainment segment continued to face pressure, the impact was offset by strong sports and subscription revenues. The company finalised subscription dea
A high initial-margin requirement will discourage "undue speculation" in the newly-launched electricity futures segment, Sebi chief Tuhin Kanta Pandey said on Friday. Speaking at a ceremony to launch the electricity futures segment at NSE, Pandey added that in case of higher volatilities, additional margins may also be imposed. "Electricity has been categorised as a high-volatile commodity, thereby attracting a high initial-margin requirement. This will discourage undue speculative activity," he said. "Additional margins may be imposed in times of heightened volatility," he added. The capital markets regulator and power regulator Central Electricity Regulatory Commission have followed a consultative and data-driven approach to design the contract specifications and risk management norms to
Bharti Airtel’s revenue market share touched a record high of nearly 40% in 2024-25, increasing 1.78 percentage points year-on-year for its mobile services business, even as its vice chairman Gopal Vittal called for further “tariff repair” for a sustainable return on capital employed.The strong revenue growth of the country’s second-largest telecom operator was supported by an improved portfolio mix, continued premiumisation and tariff repair across its mobile pricing plans, the company said in its annual report released on Thursday.During the financial year, Bharti Airtel chairman Sunil Mittal drew an annual remuneration of Rs 32.55 crore, an increase of 0.89% year-on-year. Vittal, also the managing director, drew an annual salary of Rs 20.2 crore, a 9.14% increase over the previo
ICRA and CRISIL have reaffirmed their rating decisions for Vedanta Ltd on Friday, with both agencies stating that they have taken note of the recent short-seller report on the group. “Based on feedback from management and select lenders, Crisil Ratings understands that currently there has been no adverse reaction from any lender or investor,” Crisil said. The rating agency, which has outstanding ratings on multiple entities of the group, said that the ratings are supported by the strength of the business risk profiles of their Indian operations and a healthy financial performance. “Considering the capital-intensive nature of the businesses and the group’s regular fund raising-and refinancing needs, any impact on financial flexibility remains a rating sensitivity factor,” it said
