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Business News/ Markets / Stock Markets/  Reliance Industries Q3 Results Highlights: RIL net profit rises 7.3% to 18,540 crore, revenue up 7% YoY
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Reliance Industries Q3 Results Highlights: RIL net profit rises 7.3% to ₹18,540 crore, revenue up 7% YoY

Reliance Industries Q3 Results Highlights: Reliance Industries reported a 7% YoY growth in its consolidated net profit, reaching 18,540 crore in the third quarter. Its operational revenue grew by 6.7% to 2.43 lakh crore.

Reliance Industries Q3 Results Highlights: Reliance Industries reported a 7% YoY growth in its consolidated net profit in Q3FY25. (Photo: REUTERS)Premium
Reliance Industries Q3 Results Highlights: Reliance Industries reported a 7% YoY growth in its consolidated net profit in Q3FY25. (Photo: REUTERS)

Reliance Industries Q3 Results Highlights: Reliance Industries (Ltd) announced a seven per cent year-on-year (YoY) increase in its consolidated net profit, reaching 18,540 crore for the third quarter. Its operational revenue grew by 6.7 YoY to 2.43 lakh crore. The profit surpassed analysts' expectations of 18,337 crore, and the revenue also exceeded the forecasted 2.39 lakh crore.

“Robust growth in the digital services business was led by sustained subscriber addition and consistent improvement in customer engagement metrics. This was well supported by a favorable subscriber mix, with an increasing number of users upgrading to 5G networks. Retail business ably capitalized on the pick-up in consumption amid festive demand during the quarter," said Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries.

17 Jan 2025, 06:19:27 AM IST

Reliance Industries Q3 Results Highlights: Key takeaways from consolidated RIL Q3 results

Reliance Industries Q3 Results Highlights: Reliance Industries reported a consolidated net profit of 18,540 crore for the third quarter of FY25, registering a growth of 7.4% from 17,265 crore in the same period last year. The company’s consolidated revenue in Q3FY25 increased 6.7% YoY to 2.40 lakh crore from 2.25 lakh crore, year-on-year (YoY). 

At the operational level, Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) during the the quarter ended December 2024 grew 8% to 43,789 crore from 40,656 crore, YoY. The company’s EBITDA margin improved by 20 basis points (bps) to 18.3% from 18.1% in the year-ago quarter led by higher refining margins and growth in digital services.

16 Jan 2025, 10:31:46 PM IST

Reliance Industries Q3 Results LIVE: Jio-bp update

Reliance Industries Q3 Results LIVE: Reliance BP Mobility Limited (RBML) (operating under brand Jio-bp), operates a country-wide network of 1,865 outlets (vs 1,698 in 3Q FY24).

Industry pioneering customer value proposition of higher mileage diesel at no extra price and 1st ever “Happy Hour" Petrol scheme has continued to outperform market leading to highest ever quarterly sales across both Petrol and Diesel.

RBML quarterly sales for HSD and MS grew at 22.8% / 43.7% on Y-o-Y basis as against industry sales volume growth rate of 3.2% / 9.6%.

Riding on continued momentum of volume growth from domestic airlines, RBML (operating under brand air-bp Jio) recorded highest monthly sales and supported the India aviation story with a sales growth of 51.4% for the quarter vs industry growth of 8.9% on Y-o-Y basis

16 Jan 2025, 10:17:58 PM IST

Reliance Industries Q3 Results LIVE: Oil & gas Q3 results

Reliance Industries Q3 Results LIVE: 3Q FY25 revenue is lower by 5.2 per cent as compared to 3Q FY24 mainly on account of lower volume of gas and condensate in KGD6, lower realisation for CBM Gas and Condensate. This was partly offset by increase in CBM gas volumes and marginal increase in the KGD6 gas price.

The average price realized for KGD6 gas was $ 9.74/MMBTU in 3Q FY25 vis-à-vis $ 9.66/MMBTU in 3Q FY24. The average price realised for CBM gas was $ 10.58/MMBTU in 3Q FY25 vis-à-vis $15.55/MMBTU in 3Q FY24.

EBITDA declined 4.1% to 5,565 crore on Y-o-Y basis following lower revenues.

16 Jan 2025, 10:05:35 PM IST

Reliance Industries Q3 Results LIVE: O2C biz in Q3

Reliance Industries Q3 Results LIVE: In 3Q FY25, global oil demand rose by 1.5 mb/d Y-o-Y to 104 mb/d led by Asia ex-China. Heightened gas prices in EU and Asia also drove up oil demand. Jet/Kero demand grew 0.5 mb/d Y-o-Y, Gasoline demand grew by 0.4 mb/d Y-o-Y and Diesel demand grew by 0.1 mb/d Y-o-Y.

Dated Brent averaged $74.7/bbl in 3Q FY25, down $9.4/bbl (11.1%) Y-o-Y. Crude oil benchmarks fell Y-o-Y due to high non-OPEC production keeping markets well supplied along with, strong US Dollar and weak Chinese economy.

Global refinery crude throughput was higher by 0.75 mb/d Y-o-Y at 81.75 mb/d in 3Q FY25. However, global utilization rate was 29 bps lower Y-o-Y at 78.7% due to net capacity addition of 1.3 mb/d.

Domestic demand of HSD, MS & ATF increased by 4.8%, 9.6% and 8.9% respectively over same quarter last year.

16 Jan 2025, 09:55:48 PM IST

Reliance Industries Q3 Results LIVE: Reliance Consumer Electronics growth

Reliance Industries Q3 Results LIVE: Offline Business delivered strong growth during the quarter, driven by festive and wedding seasons leading to growth in ABV (Average Bill Value) and conversions.

The festive period saw strong sales, fueled by new product launches and attractive promotions, resulting in a 12% Y-o-Y growth.

resQ, the service organization of the consumer electronics business, maintained steady growth; ondemand services expanded to 75 additional cities taking total coverage to 225 cities.

Own Brands / PBG business expanded its portfolio with new product launches, and the merchant base grew by 75% Y-o-Y.

The JioMart Digital (JMD) business continued its growth momentum, supported by strong sales in mobile phones and increasing wallet share of merchant partners.

16 Jan 2025, 09:47:07 PM IST

Reliance Industries Q3 Results LIVE: Reliance Retail opened 779 new stores

Reliance Industries Q3 Results LIVE: The business opened 779 new stores. Total store count at 19,102 with area under operation at 77.4 million sq. ft.

The quarter recorded footfalls of over 296 million, a growth of 5% Y-o-Y.

The registered customer base grew to 338 million, making Reliance Retail one of the most preferred retailers in the country.

The focus on scaling up Digital Commerce and New Commerce continued with these channels contributing to 18% of total revenue.

16 Jan 2025, 09:38:54 PM IST

Reliance Industries Q3 Results LIVE: Reliance Retail Q3 Print

Reliance Industries Q3 Results LIVE: Business registered a revenue of 90,333 crore, up 8.8 per cent Y-o-Y and 18.4% Q-o-Q.

Strong sequential growth driven by several productivity improvement initiatives and increased customer engagement during festive period through new product launches and promotions.

EBITDA from operations was at 6,632 crore, up 9.8% Y-o-Y. EBITDA margin from operations at 8.3%, up 20 bps Y-o-Y.

Business reported EBITDA at 6,828 crore which was up 9.5% Y-o-Y. EBITDA margin at 8.6%, up 20 bps Y-o-Y.

Depreciation for 3Q FY25 at 1,507 crore, up 8.9% Y-o-Y.

16 Jan 2025, 09:22:50 PM IST

Reliance Industries Q3 Results LIVE: Reliance Jio management quote

Reliance Industries Q3 Results LIVE:  Akash M Ambani, Chairman of Reliance Jio Infocomm, said, “Jio has played a key role in digital inclusion by bringing the world’s best communication technologies for every Indian. Rapid scale up of 5G adoption and proliferating fixed broadband beyond Tier1 towns over the past year, further strengthens the Digital India mission. Jio will continue to lead the charge in technology innovation by fully embracing the power of AI to create a connected, intelligent future that is truly transformative. This will drive sustained value creation over next many years."

16 Jan 2025, 09:03:26 PM IST

Reliance Industries Q3 Results LIVE: Reliance Jio Q3 Print

Reliance Industries Q3 Results LIVE: Strong operating revenue growth due to partial impact of tariff hike, ramp up in pace of home connect and accelerating non-connectivity digital services businesses (60 per cent+ Y-o-Y in 3Q FY25).

ARPU increased further to Rs203.3 with sustained impact of tariff hike and better subscriber mix. Residual impact of tariff hike still to play out.

16 Jan 2025, 08:52:04 PM IST

Reliance Industries Q3 Results LIVE: Jio, retail revenue

Reliance Industries Q3 Results LIVE: Jio revenue increased by 19.2 per cent Y-o-Y due to continuing flow through of tariff revisions for mobility services, and healthy growth in homes and digital services businesses.

Retail revenue increased by 8.8% Y-o-Y with growth across consumption baskets driven by festive buying and wedding season.

16 Jan 2025, 08:37:19 PM IST

Reliance Industries Q3 Results LIVE: Quarterly revenue print

Reliance Industries Q3 Results LIVE: Oil to Chemicals (O2C) revenue improved by 6 per cent Y-o-Y with higher volumes and increased domestic product placement. Planned shutdown of major units during the same quarter last year impacted volumes.

Marginally lower KGD6 volumes and fall in price realisations for CBM and condensate led to 5.2% decline in Oil and Gas segment revenue.

16 Jan 2025, 08:29:29 PM IST

Reliance Industries Q3 Results LIVE: EBITDA increased by 7.8% Y-o-Y to ₹48,003 crore 

Reliance Industries Q3 Results LIVE: O2C EBITDA increased by 2.4 per cent supported by higher volumes and operational flexibility.

Jio EBITDA increased by 18.8% Y-o-Y driven by higher subscriber base, improving ARPU and favorable mix.

Reail EBITDA increased by 9.5% with improved operational efficiencies and superior store operating metrics.

Efficient feedstock sourcing, higher domestic product placement and improved polymer deltas offset weak fuel cracks.

Oil and Gas segment EBITDA decreased by 4.1 per cent largely on account of decline in volumes and price realisations.

16 Jan 2025, 08:19:06 PM IST

Reliance Industries Q3 Results LIVE: Chairman on Q3 verdict

Reliance Industries Q3 Results LIVE: "Robust growth in digital services business was led by sustained subscriber addition and consistent improvement in customer engagement metrics. This was well supported by a favorable subscriber mix, with an increasing number of users upgrading to 5G networks. 

Jio’s compelling offering of home broadband services also continued to rapidly gain ground and maintain its pre-eminent market position. It gives me immense joy to see Jio grow and support the expanding technology capabilities of new India.

Teams at Jio continue to enhance its offerings, in line with the constantly evolving technology landscape to bring the best-in-class digital experience to all. Retail segment delivered a strong performance, with noteworthy contribution from all formats. The business ably capitalized on the pick-up in consumption amid festive demand during the quarter. 

A superior understanding of customer needs and preferences enables Reliance Retail to serve a wide variety of demographic profiles with the right product, at the right time, through the right channel. With customer-centric innovation at its core, the business constantly endeavors to enhance the shopping experience of its customers through its vast reach and a constantly expanding product basket.

The O2C business showcased its innate resilience, registering growth even in this prolonged period of volatility in the global energy markets. Refining margins recovered sequentially, with petrochemical deltas exhibiting a mixed trend. Upstream segment continues to play a pivotal role in providing the crucial transition fuel bolstering India’s energy security," said Mukesh D. Ambani, Chairman and Managing Director, RelianceIndustries Limited

16 Jan 2025, 08:00:08 PM IST

Reliance Industries Q3 Results LIVE: Reliance Retail Ventures Quarterly Performance

Reliance Industries Q3 Results LIVE: The business generated a revenue of 90,333 crore, reflecting an 8.8% year-over-year increase and an 18.4% quarter-over-quarter rise.

This robust growth was primarily driven by various productivity enhancements and heightened customer engagement during the festive season, supported by new product launches and promotions.

EBITDA from operations amounted to 6,632 crore, showing a 9.8% year-over-year growth. The EBITDA margin from operations stood at 8.3%, an increase of 20 basis points compared to the previous year.

The overall reported EBITDA was 6,828 crore, marking a 9.5% year-over-year increase. The EBITDA margin reached 8.6%, also up by 20 basis points from the prior year.

16 Jan 2025, 07:53:32 PM IST

Reliance Industries Q3 Results LIVE: Reliance Jio Q3 subscribers rises slightly

Reliance Industries Q3 Results LIVE: The total number of subscribers is 482.1 million, compared to 470.9 million year-over-year.

16 Jan 2025, 07:47:00 PM IST

Reliance Industries Q3 Results LIVE: Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries Limited, said

Reliance Industries Q3 Results LIVE: "“The previous month commemorated the 25th anniversary of our Jamnagar refinery. It gives me great pleasure to see Reliance grow exponentially over the years and set new benchmarks that demonstrate the inherent strength and resilience we have across all our businesses. The delivery of record EBITDA and PAT at a consolidated level for this quarter is a testament to this.

16 Jan 2025, 07:42:41 PM IST

Reliance Industries Q3 Results LIVE: Reliance Jio Q3 Results

Reliance Industries Q3 Results LIVE: The company has demonstrated strong year-on-year growth, with net profit rising to 6,477 crore, compared to 5,208 crore in the previous year, reflecting an impressive increase. 

Revenue also saw a significant boost, reaching 29,307 crore, up from 25,368 crore, highlighting a solid upward trajectory. 

EBITDA stood at 15,478 crore, up from 14,064 crore, marking a healthy improvement. The margin improved slightly to 52.8%, compared to 52.3% in the previous year, indicating better operational efficiency. 

Additionally, the average revenue per user (ARPU) increased to 203.30, compared to 181.70 last year, underscoring a positive growth in customer value.

16 Jan 2025, 07:40:30 PM IST

Reliance Industries Q3 Results LIVE: EBITDA rises 7.8% YoY

Reliance Industries Q3 Results LIVE: Record quarterly consolidated EBITDA of 48,003 crore ($5.6 billion), marking a 7.8% increase year-on-year.

16 Jan 2025, 07:35:24 PM IST

Reliance Industries Q3 Results LIVE: Revenues from operations increased 7% YoY 

Reliance Industries Q3 Results LIVE: Revenue from operations saw a 7 per cent YoY rise to 2.43 lakh crore for the December quarter.

16 Jan 2025, 07:31:12 PM IST

Reliance Industries Q3 Results LIVE: Net profit rises 7.3% to ₹18,540 crore

Reliance Industries Q3 Results LIVE: Reliance Industries, on Thursday, reported a 7.3 per cent year-on-year (YoY) increase in its net profit to 18,504 crore.

16 Jan 2025, 07:08:25 PM IST

Reliance Industries Q3 Results LIVE: O2C, Jio to contribute maximum growth

Reliance Industries Q3 Results LIVE: Reliance Industries is set to announce its results for the December quarter, with expected positive contributions from a stronger O2C business, the complete pass-through of Jio's tariff hikes, and retail growth driven by festive season sales.

16 Jan 2025, 06:13:27 PM IST

Reliance Industries Q3 Results LIVE: Reliance Jio ARPU may improve

Reliance Industries Q3 Results LIVE: Jio's Average Revenue per User (ARPU) is expected to rise to 205, up from 195. The growth in subscribers will be an important factor to monitor, with some analysts predicting an increase to 485 million subscribers, compared to 478.8 million in the prior quarter.

16 Jan 2025, 05:41:56 PM IST

Reliance Industries Q3 Results LIVE: O2C business EBITDA likely to rise 10%

Reliance Industries Q3 Results LIVE: Reliance Industries' EBITDA is expected to benefit from a 10 per cent increase in the O2C business, a 7 per cent rise in Jio driven by the full impact of tariff hikes, and an 8 per cent to 9 per cent growth in the retail segment fueled by festive sales.

16 Jan 2025, 05:07:06 PM IST

Reliance Industries Q3 Results LIVE: Brokerage firm CLSA on RIL share

Reliance Industries Q3 Results LIVE: The firm said in a note -

  • After notable underperformance in 2024, RIL stock has fallen to a conservative value.
  • See this as a great entry point to position for attractive gains as triggers play out later in 2025.
  • Persisting weakness in retail profitability has been a big drag for stock, & expect segment to get back to promising growth in 2H25.
  • Ramp-up in AirFiber subscribers for Reliance Jio (Jio) as well as full effect of tariff hikes plus another tariff hike should drive excitement in lead up to a potential Jio IPO in late-2025.
  • Also anticipate start of new energy projects including integrated solar PV manufacturing in 2025

16 Jan 2025, 04:37:49 PM IST

Reliance Industries Q3 Results LIVE: Brokerage firm Citi upgraded RIL stock

Reliance Industries Q3 Results LIVE: On November 25,  Citi revised its rating for Reliance Industries from "hold" to "buy" and increased its price target to 1,530. The brokerage anticipates continued softness in retail for the next few quarters, but highlighted that Jio is well-positioned to gain from future tariff hikes, as well as efforts to enhance data pricing and monetize 5G.

16 Jan 2025, 04:22:02 PM IST

Reliance Q3 Results LIVE Updates: JP Morgan on RIL stock

Reliance Q3 Results LIVE Updates: JPMorgan has a "buy" rating on Reliance Industries, with a price target of 1,468. The brokerage noted that after recent significant reductions, consensus expectations now predict a 14% growth in consolidated EBITDA for the fiscal year 2026. It also believes there is minimal risk of earnings per share (EPS) downgrades for the company, and anticipates that a stronger recovery in commodities, along with potential tariff hikes, could lead to positive surprises. Additionally, it stated that the stock’s relative valuations are favorable.

16 Jan 2025, 03:43:01 PM IST

Reliance Q3 Results LIVE Updates: RIL stock closed in green ahead of announcement

Reliance Q3 Results LIVE Updates: The shares of Reliance Industries ended Thursday's trading session 1.82 per cent higher at 1,275 per share ahead of Q3 announcement.

16 Jan 2025, 03:26:41 PM IST

Reliance Q3 Results LIVE Updates: Reliance Retail preview

Reliance Q3 Results LIVE Updates: Reliance Retail is expected to maintain its consolidation trend this quarter. Although sequential growth is anticipated to be driven by an uptick during the festive season, year-on-year growth is projected to be more modest compared to the same quarter last year. Nuvama forecasts a 7% rise in retail revenue per square foot.

16 Jan 2025, 03:03:48 PM IST

Reliance Q3 Results LIVE Updates: O2C business likely to grow this quarter 

Reliance Q3 Results LIVE Updates: The O2C business is expected to recover following a 19% drop in the first half of the year. Refining margins are projected to rise to $7.6 per barrel, up from $5.6 per barrel in Q2. The Singapore benchmark gross refining margin (GRM) increased from $3.6 per barrel in Q2 to $5.0 per barrel in Q3 FY25.

16 Jan 2025, 02:47:31 PM IST

Reliance Q3 Results LIVE Updates: Subscriber trends to remain in focus for Reliance Jio

Reliance Q3 Results LIVE Updates: Subscriber trends will be an important metric for Jio to track, especially given the decline observed in the previous quarter. Nevertheless, some analysts predict that the number will bounce back to 485 million this quarter, up from 478.8 million in September.

16 Jan 2025, 02:17:08 PM IST

Reliance Q3 Results LIVE Updates: Reliance Jio to post strong quarter

Reliance Q3 Results LIVE Updates: This marks Jio's second consecutive quarter of robust growth, driven by the tariff increases in July. For the September quarter, revenue grew by 7%, EBITDA increased by 8%, and ARPU saw a 7.4% rise. Jio's Average Revenue Per User (ARPU) is expected to rise to 205 from 195.1.

16 Jan 2025, 02:00:03 PM IST

Reliance Q3 Results LIVE Updates: EBITDA likely to grow 8% QoQ

Reliance Q3 Results LIVE Updates: Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) is expected to increase by 8% compared to the September quarter.

Reliance Industries' EBITDA growth is likely to be driven by a 10% rise in the O2C business, a 7% increase in Jio as the full impact of tariff hikes is realized, and an 8% to 9% boost in the retail sector due to strong festive sales.

16 Jan 2025, 01:49:26 PM IST

Reliance Q3 Results LIVE Updates: Key things to track 

Reliance Q3 Results LIVE Updates: Key factors to monitor for Reliance Retail include -

  • Expansion and growth of new formats such as Tira, Yousta, and Swadesh.
  • Rapid footprint growth of the Campa beverage brand.

16 Jan 2025, 01:45:50 PM IST

Reliance Q3 Results LIVE Updates: Morgan Stanley on RIL stock

Reliance Q3 Results LIVE Updates: The brokerage firm Morgan Stanley gave ‘overweight’ rating to the RIL stock. Refining is showing signs of recovery from cyclical challenges, while retail continues to face headwinds. However, these factors appear to be already reflected in the current valuation.

16 Jan 2025, 01:42:42 PM IST

Reliance Q3 Results LIVE Updates: Jefferies bullish on RIL stock

Reliance Q3 Results LIVE Updates: The brokerage firm Jefferies has given ‘buy’ rating at 1,690. It anticipates underperformance in 2024 due to uncertainties surrounding medium-term growth outlook.

16 Jan 2025, 12:34:34 PM IST

Reliance Industries Q3 Results 2025 LIVE: RIL share price trading in green

Reliance Industries Q3 Results 2025 LIVE: Reliance Industries share price trading in green ahead of the announcement. The stock is trading a per cent higher at 1,262.30 on Thursday.

16 Jan 2025, 11:45:23 AM IST

Reliance Industries Q3 Results 2025 LIVE: RIL to report Q3 earnings today

Reliance Industries Q3 Results 2025 LIVE: Reliance Industries Ltd (RIL), the billionaire Mukesh Ambani-led oil-to-telecom-to-retail conglomerate, will announce its Q3 results today.

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