reliance industries q3 results: Reliance Industries Limited (RIL), the Mukesh Ambani-led conglomerate spanning oil, telecom, retail, and digital services, announced its Q3 FY25 results on January 16, 2025. The company reported a consolidated net profit of ₹18,540 crore, marking a growth of 7.4% YoY from ₹17,265 crore in the same period last year.
reliance industries
Here’s a detailed breakdown of Reliance’s performance across its key segments, including Jio Platforms, Oil-to-Chemicals (O2C), Retail, and Oil & Gas.
Consolidated Financial Performance (Q3 FY25)
- Net Profit: ₹18,540 crore, up 7.4% YoY
- Revenue: ₹2.40 lakh crore, up 6.7% YoY
- EBITDA: ₹43,789 crore, up 8% YoY
- EBITDA Margin: 18.3%, improved by 20 bps YoY
Reliance Oil-to-Chemicals (O2C) Q3 Performance
The O2C segment reported a revenue of ₹149,595 crore, a growth of 6.0% YoY, driven by strong domestic fuel demand. However, on a sequential basis, revenue dipped by 3.84% due to global energy market volatility.
- EBITDA: ₹14,402 crore, up 2.4% YoY
- Domestic fuel retailing volumes: MS up 43.7%, HSD up 22.8%
- Strong refining margins and polymer deltas supported profitability.
Quote: “The O2C business demonstrated resilience amid global energy market volatility, with refining margins recovering sequentially,” said Mukesh Ambani, Chairman of Reliance Industries.
Reliance Jio Platforms Q3 Performance
Jio Platforms saw robust growth in its digital services business, fueled by 5G adoption, subscriber additions, and improved ARPU.
- Revenue: ₹33,074 crore, up 19.4% YoY
- Net Profit: ₹6,861 crore, up 26% YoY
- ARPU: ₹203.3, up 12% YoY
- Net Subscriber Additions: 3.3 million during Q3 FY25
- EBITDA: ₹16,585 crore, up 18.8% YoY
Quote: “Jio continues to lead the charge in 5G innovation and is creating a connected, intelligent future through AI-driven technology,” said Akash Ambani, Chairman of Reliance Jio Infocomm.
Reliance Retail Q3 Performance
Reliance Retail recorded strong growth, leveraging festive demand and expanding its physical and digital footprint.
- Revenue: ₹79,595 crore, up 7% YoY
- Net Profit: ₹3,458 crore, up 10% YoY
- EBITDA: ₹6,828 crore, up 9.5% YoY
- New Stores Opened: 779, taking total store count to 19,102
- Footfalls: Over 296 million, up 5% YoY
Quote: “Reliance Retail’s focus on offering diverse products and seamless shopping experiences has made it the preferred retailer for millions,” said Isha Ambani, Executive Director of Reliance Retail Ventures.
Reliance Oil & Gas Q3 Performance
The Oil & Gas business faced a decline in revenues due to lower gas and condensate volumes from KGD6 and lower CBM gas realization.
- Revenue: ₹6,370 crore, down 5.2% YoY
- EBITDA: ₹5,565 crore, down 4.1% YoY
- KGD6 Gas Production: 28.04 MMSCMD
- Average Price for KGD6 Gas: $9.74 per MMBTU (vs. $9.66 YoY)
Stock Performance
Reliance shares ended 1.31% higher at ₹1,268.70 apiece on the BSE on January 16, 2025, giving it a market capitalization of over ₹17.16 lakh crore.
