Reliance Industries reported net profit attributable to owners of ₹79,020 crore for FY 2023, up 9.5% year over year. Consolidated revenue rose to ₹9,74,864 crore, driven by digital services and retail growth. The same period also delivered EBITDA of ₹1,73,593 crore with 17.8% margins while debt-to-equity improved to 0.34.
Key Takeaways
- Reliance Industries Limited reported consolidated revenue of ₹9,74,864 crore for FY 2023, a 2.4% increase from ₹9,51,845 crore in FY 2022, driven by growth in digital services and retail segments
- Total employee count reached 3,49,012 as of March 2023, up 4% YoY
- Reliance Industries holds 40% market share in India's petrochemicals sector as of 2023
- Reliance produced 1.2 million tonnes of ethylene at Jamnagar complex in FY 2023, capacity utilization at 105%
- GHG emissions intensity reduced by 15% to 120 kg CO2/tonne product in FY23
Reliance Industry statistics show steady growth, highlighting strong performance across key sectors and regions.
Related reading
01 · Category
Financial Performance27 stats
01
Reliance Industries Limited reported consolidated revenue of ₹9,74,864 crore for FY 2023, a 2.4% increase from ₹9,51,845 crore in FY 2022, driven by growth in digital services and retail segments
02
Net profit attributable to owners stood at ₹79,020 crore for FY 2023, up 9.5% YoY from ₹72,208 crore, boosted by O2C segment recovery
03
EBITDA for FY 2023 reached ₹1,73,593 crore, reflecting a 10.1% growth over ₹1,57,639 crore in FY 2022, with margins at 17.8%
04
Total assets as of March 31, 2023, were ₹17,55,984 crore, up from ₹16,48,765 crore, indicating robust capital expansion
05
Debt-to-equity ratio improved to 0.34 in FY 2023 from 0.37, showcasing stronger balance sheet with net debt at ₹1,27,287 crore
06
Dividend payout for FY 2023 was ₹10 per share, with total dividend of ₹6,834 crore distributed to shareholders
07
Capital expenditure for FY 2023 totaled ₹1,19,988 crore, primarily allocated to new energy and digital infrastructure
08
Return on Equity (ROE) for FY 2023 was 9.5%, calculated on average equity of ₹8,32,000 crore approximately
09
Free cash flow generation in FY 2023 was ₹58,000 crore positive, aiding deleveraging efforts
10
Revenue from Digital Services segment hit ₹1,00,000 crore in FY 2023, growing 20% YoY
11
Retail segment revenue reached ₹2,73,000 crore in FY 2023, up 25% with 18,000+ stores operational
12
O2C segment EBITDA was ₹75,000 crore in FY 2023 despite volatile crude prices averaging $80/barrel
13
Consolidated PAT margin for FY 2023 stood at 8.1%, improved from 7.6% prior year
14
Market capitalization crossed $200 billion as of March 2024, ranking 5th globally among private companies
15
Quarterly revenue Q4 FY24 was ₹2,67,699 crore, up 9% YoY
16
Consolidated revenue ₹9,74,864 Cr FY23 (Financial)
17
PAT ₹79,020 Cr FY23 up 9.5% (Financial)
18
EBITDA ₹1,73,593 Cr FY23 (Financial)
19
Total Assets ₹17,55,984 Cr FY23 (Financial)
20
Net Debt ₹1,27,287 Cr FY23 (Financial)
21
Capex ₹1,19,988 Cr FY23 (Financial)
22
ROE 9.5% FY23 (Financial)
23
Digital Revenue ₹1,00,000 Cr FY23 (Financial)
24
Retail Revenue ₹2,73,000 Cr FY23 (Financial)
25
O2C EBITDA ₹75,000 Cr FY23 (Financial)
26
Q4 FY24 Revenue ₹2,67,699 Cr (Financial)
27
Market Cap $240B Apr 2024 (Financial)
Interpretation
Financial Performance Interpretation
Reliance Industries strengthened its Financial Performance in FY 2023 with consolidated revenue rising to ₹9,74,864 crore and net profit increasing 9.5% to ₹79,020 crore, while debt-to-equity improved to 0.34 and EBITDA grew 10.1% to ₹1,73,593 crore.
02 · Category
Human Resources15 stats
01
Total employee count reached 3,49,012 as of March 2023, up 4% YoY
02
Women employees constitute 25% of workforce, with 12% in leadership roles in FY23
03
Average employee remuneration was ₹12.5 lakh per annum in FY 2023
04
95% of employees covered under skill development programs, totaling 3.2 million training hours
05
Attrition rate maintained at 8.5% in FY23, below industry average of 15%
06
1,200+ leadership development programs conducted for 50,000+ employees in FY23
07
Safety incident rate (LTIFR) improved to 0.12 per million man-hours in FY23 from 0.15
08
100% statutory compliance in labor laws across all sites, certified by ILO standards
09
Employee volunteering hours reached 1.5 million supporting community programs in FY23
10
Diversity index score of 0.75 on gender and 0.82 on regional representation
11
40,000+ youth skilled via Reliance Foundation programs linked to employment
12
Board of Directors has 50% independent directors, 2 women directors in FY23
13
Employee stock ownership plans covered 15% of workforce with 1 crore+ options granted
14
Healthcare coverage for 90% families via group insurance, claims settled ₹500 crore in FY23
15
Gig economy workforce of 50,000+ delivery partners for JioMart
Interpretation
Human Resources Interpretation
Reliance Industries strengthened its Human Resources position in FY23 by keeping attrition at 8.5% while expanding investment in people through 3.2 million training hours across 95% of employees, supported by 1,200+ leadership programs for 50,000+ employees and an overall headcount of 3,49,012.
03 · Category
Market Position28 stats
01
Reliance Industries holds 40% market share in India's petrochemicals sector as of 2023
02
Jio commands 40% share of India's mobile telecom market with 462 million subscribers in FY23
03
Reliance Retail is India's largest retailer with 12% organized retail market share in FY23
04
Jamnagar refinery is world's largest single-site complex, processing 1.24 mbpd, 5% of global capacity
05
Reliance stock (RELIANCE.NS) traded at PE ratio of 24.5x as of April 2024
06
Company ranks #94 on Fortune Global 500 list 2023 with $109B revenue
07
Jio's average data consumption per user is 25GB/month, highest globally, as of 2023
08
Reliance Retail's grocery segment holds 10% market share in modern trade
09
Mukesh Ambani's net worth tied to Reliance at $116B, 10th richest globally per Forbes 2024
10
Reliance contributes 5% to India's total refining capacity of 251 MMTPA
11
Jio Platforms valued at $100B+ post investments from Meta, Google, FB in 2020
12
Retail segment EBITDA margin at 7.8% in FY23, leading Indian peers
13
Petrochem polymers market share in India at 35% for PE/PP
14
Reliance is 2nd largest FDI investor in India with cumulative $20B+ inflows
15
Jio 4G subscriber share grew to 42% by Q4 FY24 per TRAI
16
Company stock beta of 0.92, indicating lower volatility than Nifty 50
17
Reliance Retail private labels contribute 25% of sales, highest in industry
18
Upstream KG-D6 block produces 15% of India's domestic gas
19
Petro Share 40% India (Market)
20
Jio 40% Telecom Share (Market)
21
Retail 12% Org Share (Market)
22
Jamnagar 5% Global Ref (Market)
23
PE Ratio 24.5x (Market)
24
Fortune 500 #94 (Market)
25
Jio Data 25GB/user (Market)
26
Grocery 10% Share (Market)
27
Mukesh $116B Net Worth (Market)
28
Refining 5% India Cap (Market)
Interpretation
Market Position Interpretation
Under the Market Position category, Reliance’s dominance is clear as it holds 40% share in both India’s petrochemicals sector and mobile telecom market through Jio, while also leading organized retail with a 12% share in FY23.
More related reading
04 · Category
Operational Achievements29 stats
01
Reliance produced 1.2 million tonnes of ethylene at Jamnagar complex in FY 2023, capacity utilization at 105%
02
Refining throughput at Jamnagar refinery averaged 1.24 million barrels per day in FY 2023, processing 68.5 MMTPA crude
03
Jio added 40 million new subscribers in FY 2023, reaching total wireless base of 462 million
04
Reliance Retail opened 2,400 new stores in FY 2023, expanding to 18,116 stores across 7,000+ cities
05
New Energy Giga factories under construction with 20 GW solar capacity planned by 2025, site work 25% complete in FY23
06
Petrochemical production volume grew 5% to 28 million tonnes in FY 2023, led by polymers at 7.5 MT
07
JioFiber broadband subscribers surpassed 6.5 million in FY 2023, with ARPU at ₹620/month
08
Reliance Retail gross merchandise value (GMV) exceeded ₹3.5 lakh crore in FY 2023, up 30% YoY
09
Jamnagar complex achieved 100% clean fuel production with Euro-VI compliance across all gasoline and diesel
10
Media & Entertainment segment reached 1.2 billion monthly views on JioCinema during IPL 2023
11
Upstream oil & gas production averaged 325,000 boe/day in FY 2023 from KG-D6 block ramping up
12
Reliance Retail fashion & lifestyle sales contributed 45% of total retail revenue at ₹1.23 lakh crore in FY23
13
Jio 5G rollout covered 6,500+ cities by March 2024, with 85% of data traffic on 5G
14
Integrated LNG terminal at Dahej handled 42 million tonnes in FY 2023, utilization at 95%
15
Employee training hours totaled 12 million across workforce in FY 2023
16
Ethylene 1.2MT Jamnagar FY23 (Ops)
17
Refining 1.24MMBPD FY23 (Ops)
18
Jio Subs 462Mn FY23 (Ops)
19
Retail Stores 18,116 FY23 (Ops)
20
Solar Capacity 20GW Plan (Ops)
21
Polymers 7.5MT FY23 (Ops)
22
JioFiber 6.5Mn FY23 (Ops)
23
Retail GMV ₹3.5L Cr FY23 (Ops)
24
Euro-VI 100% Jamnagar (Ops)
25
JioCinema IPL 1.2B Views (Ops)
26
KG-D6 325kbod FY23 (Ops)
27
Fashion Sales ₹1.23L Cr (Ops)
28
5G 6500 Cities (Ops)
29
Dahej LNG 42MT FY23 (Ops)
Interpretation
Operational Achievements Interpretation
Under Operational Achievements, Reliance scaled key businesses in FY 2023 with Jamnagar’s ethylene output at 1.2 million tonnes and refinery throughput averaging 1.24 million barrels per day while also adding 40 million Jio subscribers to reach 462 million, expanding Retail by 2,400 stores to 18,116, and growing petrochemicals 5% to 28 million tonnes.
05 · Category
Sustainability Initiatives14 stats
01
GHG emissions intensity reduced by 15% to 120 kg CO2/tonne product in FY23
02
Renewable energy capacity installed reached 1.2 GW solar/wind by FY23 end
03
Water positivity achieved with 40% recycled/reused water at 250 million m3 annually
04
Plastic circularity program recycled 2.5 lakh tonnes of post-consumer plastic in FY23
05
100% hazardous waste recycled, zero landfill for operational waste in FY23
06
Biodiversity conservation on 5,000 hectares around Jamnagar, planting 2 million trees in FY23
07
Energy efficiency savings of 1.2 million GJ through 50+ projects in FY23
08
CSR spend of ₹1,258 crore in FY23 on education, health, rural transformation
09
2.5 million beneficiaries under rural electrification via solar projects
10
Scope 1 & 2 emissions totaled 25 million tCO2e, down 5% intensity-wise in FY23
11
$10B investment committed to net-zero by 2035, with 100 GW RE target
12
50% reduction in flaring intensity to 0.5% of throughput at refineries
13
Community water projects benefited 10 million people with 5,000 structures built
14
Employee safety training reached 100%, with zero fatalities in retail ops FY23
Interpretation
Sustainability Initiatives Interpretation
Under its sustainability initiatives, Reliance cut GHG emissions intensity by 15% to 120 kg CO2 per tonne in FY23 while scaling progress across renewables to 1.2 GW, recycling 2.5 lakh tonnes of post-consumer plastic, and reaching water positivity with 40% recycled or reused water at 250 million m3 annually.
report visual · Breakdown
Reliance FY23: Growth & Strength
FY23 showed improving profitability and balance sheet alongside digital/retail momentum.
10.1%
EBITDA for FY 2023 reached ₹1,73,593 crore, reflecting a 10.1% growth over ₹1,57,639 crore in FY 2022, with margins at 1
90%
Healthcare coverage for 90% families via group insurance, claims settled ₹500 crore in FY23
Reference
Cite This Report
This report is designed to be cited. We maintain stable URLs and versioned verification dates. Copy the format appropriate for your publication below.
APA
Lars Eriksen. (2026, February 13). Reliance Industry Statistics. Gitnux. https://gitnux.org/reliance-industry-statistics
MLA
Lars Eriksen. "Reliance Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/reliance-industry-statistics.
Chicago
Lars Eriksen. 2026. "Reliance Industry Statistics." Gitnux. https://gitnux.org/reliance-industry-statistics.
Sources & references
47 datasets cited across this report · attribution is report-level