Mumbai, India – Reliance Industries Limited (RIL), India’s largest conglomerate, today announced its financial results for the third quarter of the fiscal year ending March 2025. The company reported a 7% year-on-year (YoY) increase in consolidated net profit to Rs 18,540 crore, driven by robust performances across its key businesses. Revenue from operations also saw a 7% YoY growth, reaching Rs 2.43 lakh crore.
Key Highlights:
Consolidated Net Profit: Rs 18,540 crore, up 7% YoY
Revenue from Operations: Rs 2.43 lakh crore, up 7% YoY
Jio Platforms: Revenue surged 19.4% YoY to Rs 33,074 crore, driven by strong subscriber growth and higher average revenue per user (ARPU).
Reliance Retail: Continued its strong growth trajectory, with revenue expected to maintain its consolidation trend.
Oil to Chemicals (O2C) business: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) is likely to rise 10% YoY.
Jio Platforms Drives Growth:
Reliance Jio, the company’s telecom arm, continued to be a major growth driver. The company reported a 26% YoY jump in consolidated net profit to Rs 6,861 crore. This strong performance was attributed to a 12% YoY increase in ARPU, reaching Rs 203.3. Jio’s subscriber base also continued to expand, further solidifying its position as the leading telecom operator in India.
Reliance Retail Maintains Momentum:
Reliance Retail, the company’s retail division, maintained its strong growth momentum. While specific revenue figures were not disclosed, the company is expected to continue its consolidation trend, driven by strong demand across its various retail formats, including grocery, fashion, and electronics.
O2C Business Remains Resilient:
The company’s Oil to Chemicals (O2C) business, which includes refining and petrochemicals, is expected to deliver a 10% YoY increase in EBITDA. This growth is attributed to improved refining margins and strong demand for petrochemicals.
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