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Informist, Friday, Jul. 18, 2025

 

--RIL: Fall in JioHotstar paid subscribers after IPL not substantial 

--CONTEXT: Comments by RIL management at post-earnings analyst meet 

--RIL: See LNG prices at $11-$13 mmbtu going forward 

--RIL: ATF demand was impacted due to geopolitical tensions in Apr-Jun 

 

By Anand JC

 

NEW DELHI – Reliance Industries Ltd. Friday said that the company is currently pursuing collaborative exploration across the east coast of India. The company plans to undertake infrastructure-led exploration activities in and around the Krishna Godavari basin, given that it has a rig coming by next year, it told analysts in a post earnings presentation. 

 

"We are also looking at some work with jobs in one of our fields, which is currently producing, and that should give additional incremental production," the company's management said. RIL has also identified upsides in these reservoirs, which is expected to provide incremental production in the second half of 2027-28 (Apr-Mar).

 

The company had expected around 150-200 million tonnes of liquefied natural gas capacity projects to come on stream around this time, which would've affected the prices. However, there has been a delay in the execution of these projects. In the near term, the company expects LNG prices to hover around $11-$13 million British thermal units.

 

In India, the company saw a pull-back in demand in the gas market. The company said this was due to seasonality, lower power uptake, and early monsoon.

 

Talking about its telecom business, RIL said that Reliance Jio had 498 million subscribers as of Jun. 30. The company added 9.9 million subscribers during the quarter. "So more or less, the pace of subscriber addition has come back to what we used to have earlier and fairly stable, in fact, growing," the management said. 

 

On its media business, RIL said that JioHotstar had 287 million paid subscribers during the June quarter, driven by Indian Premier League. However, the fall in paid subscribers after the tournament concluded was "hardly meaningful," the company said. 

 

RIL said that aviation turbine fuel cracks grew 8% on year in the June quarter, at an average price of $14.2 per barrel. The company noted that it held a market share of 5.9% in this segment during the June quarter. However, geopolitical conflicts such as the one between India and Pakistan, and Israel and Iran, affected demand for jet fuel. "So this number is a little lower, but I think we are sustaining it," the company said. 

 

RIL disclosed its June quarter financials after the markets closed. It reported a consolidated net profit of INR 269.94 billion on revenues of INR 2.487 trillion. Friday, its shares closed almost flat from previous close at INR 1,476 on the National Stock Exchange.  End

 

US$1 = INR 86.15

 

Edited by Akul Nishant Akhoury

 

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