Reliance Q3 Results: Net profit rises 7.4% to ₹18,540 crore led by Jio & retail biz, O2C recovers; Revenue up 6.7% YoY
- Reliance Q3 Results: The oil-to-telecom conglomerate's revenue from operations in the third quarter of current fiscal rose 6.7 per cent to ₹2.40 lakh crore led by digital and retail growth boost.
Reliance Q3 Results: Reliance Industries Ltd (RIL) announced its October-December quarter results for fiscal 2024-25 (Q3FY25) on Thursday, January 16, reporting a rise of 7.4 per cent in consolidated net profit to ₹18,540 crore, compared to ₹17,265 crore in the corresponding period last year. The growth was led by the digital, retail and oil-to-chemicals (O2C) arms.
Billionaire industrialist Mukesh Ambani-led oil-to-telecom conglomerate's revenue from operations in the third quarter of the current fiscal rose 6.7 per cent to ₹2,40 lakh crore, compared to ₹2.25 lakh crore in the year-ago period. The retail arm benefited from strong festive demand, while higher cellular tariffs boosted the telecom unit and rise in 5G subscribers.
Follow Live Updates: Reliance Industries Q3 Results LIVE: Net profit rises 7.3% to ₹18,540 crore, revenue up 7% YoY
Earnings before interest, tax, depreciation, and amortization (EBITDA) of India’s largest company by market value rose 7.7 per cent to ₹43,789 crore in the December quarter compared to ₹40,656 crore in the year-ago quarter, with the EBITDA margin improving to 18.3 per cent from 18.1 per cent.
“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,” said Mukesh D. Ambani, Chairman and Managing Director of Reliance Industries.
Reliance Q3 Results: Key Metrics
-RIL's EBITDA growth in the December quarter came in despite an almost seven per cent rise in finance cost due to higher debt ( ₹3.5 lakh crore as of December 31, 2024, compared to ₹3.36 lakh crore in September 2024, and ₹3.11 lakh crore in December 2023).
-Higher tariffs and more customers helped telecom arm profits jump, while more stores and higher footfalls helped retail businesses rebound. Good domestic demand and rising petchem margins helped oil-to-chemicals businesses post decent numbers.
-Reliance Jio Infocomm, its telecom arm, reported a 26 per cent rise in quarterly profit to ₹6,861 crore, as it benefits from tariff hikes initiated last year and subscribers upgraded to 5G services. About 12 per cent growth in average revenue per user, a key profit metric, and steady subscriber addition aided the performance. Its 5G is on track to surpass 4G traffic.
-The retail unit, its second-biggest revenue driver, reported a rise of seven per cent in revenue from operations to ₹79,595 crore in the third quarter of the current fiscal, driven by the festive season and wedding demand. A total of 779 new stores were opened during the December quarter.
-The revenue from its oils-to-chemicals (O2C) operations, which accounts for about two-thirds of the overall revenue, rose six per cent to 1.5 lakh crore in the quarter as production climbed. EBITDA for the segment rose to ₹14,402 crore, compared to ₹14,064 crore YoY. However, the EBITDA margin dipped slightly to 9.6 per cent from 10 per cent YoY.
-Reliance said capex at ₹32,259 crore was well covered by a cash profit of ₹38,227 crore. In the fuel retail business, Jio-bp—its joint venture with BP of the UK—posted "highest ever quarterly sales across petrol and diesel." Lower gas production from the KG-D6 block and a fall in the price of coal seam gas led to a 4.1 per cent fall in the pre-tax profit of its oil and gas business to ₹5,565 crore.
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