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Reliance Industries Limited (RIL) has announced its financial results for the fourth quarter of fiscal year 2025, showcasing a resilient performance characterized by a 6.4 percent increase in net profit (pre-minority) compared to the same period last year. This growth was primarily fueled by the strong performance of its digital services and retail divisions, which effectively offset the impact of softer earnings from its energy businesses. The company's ability to navigate a challenging global business environment, marked by weak macroeconomic conditions and geopolitical uncertainties, underscores its operational discipline and customer-centric approach. RIL's consolidated net profit attributable to shareholders experienced a 2.4 percent rise, reaching Rs 19,407 crore, surpassing market expectations. Revenue for the quarter ended March 31st increased by 8.8 percent year-on-year to Rs 2.88 lakh crore, driven by the company's digital services, retail operations, and oil-to-chemicals (O2C) business. Consolidated earnings before interest, taxes, depreciation, and amortization (EBITDA) also saw a positive trend, increasing by 3.6 percent to a record Rs 48,737 crore. These results reflect the effectiveness of Reliance's diversified business portfolio and its ability to capitalize on growth opportunities in key sectors. Mukesh D. Ambani, Chairman and Managing Director of Reliance Industries Limited, emphasized the company's focus on operational discipline and customer-centric innovation as key factors contributing to its steady financial performance during the challenging fiscal year 2025.
The strong performance of Reliance's consumer-facing businesses played a crucial role in driving overall profitability. EBITDA from digital services surged by 18.5 percent, driven by the company's expanding 5G subscriber base, which reached approximately 191 million. The average revenue per user (ARPU) also increased to Rs 206.2 following tariff revisions. This growth highlights the success of Reliance Jio in attracting and retaining subscribers, as well as its ability to monetize its digital services offerings. Reliance Retail also demonstrated robust growth, with EBITDA increasing by 14.3 percent, supported by stronger store operating metrics and a 2.4-fold sequential jump in its hyper-local delivery business. The company's strategic recalibration of its store network, aimed at improving operational efficiencies and long-term sustainability, has contributed to its success in the retail sector. Reliance Retail's enhanced product catalog, user experience, and omni-channel offerings have also strengthened customer engagement and driven sales growth. The fast-moving consumer goods (FMCG) unit, launched just two years ago, achieved significant milestones, booking Rs 11,450 crore in sales, making it the fastest-growing FMCG entrant in India. This demonstrates Reliance's ability to quickly establish a strong presence in new markets and capitalize on emerging consumer trends.
However, the company's energy businesses faced challenges due to softer commodity cycles. O2C EBITDA fell by 10 percent year-on-year to Rs 15,080 crore, impacted by weaker transportation-fuel cracks and declining polyester margins. Despite these challenges, higher refinery utilization and feedstock flexibility partially offset the decline. The O2C business achieved a record throughput of 80.5 million tonnes in FY25, with saleable output of 71.2 million tonnes, as both refineries operated near peak utilization. Jio-bp also recorded its highest-ever domestic fuel placements, with significant increases in gasoline, gasoil, and aviation turbine fuel volumes. The company's oil and gas business also experienced a decline in EBITDA, falling by 8.6 percent to Rs 5,123 crore, due to lower KG-D6 output, a weaker coal-bed-methane price, and one-time maintenance costs. Segment margins also decreased, reflecting the challenges faced by the oil and gas sector. For the full fiscal year 2025, Reliance Industries reported consolidated revenue of Rs 10.71 lakh crore, representing a 7.1 percent increase, and EBITDA of Rs 1.83 lakh crore, a 2.9 percent rise. Net profit grew by 2.9 percent to Rs 81,309 crore. The oil and gas EBITDA reached an all-time high of Rs 21,188 crore, while the retail arm's EBITDA crossed Rs 25,000 crore for the first time. Jio Platforms' profit also topped Rs 25,000 crore, up by 22 percent.
Reliance Industries has achieved a significant milestone by surpassing Rs 10 lakh crore in net worth, following its previous accomplishments of exceeding Rs 10 lakh crore in annual revenue and Rs 20 lakh crore in market capitalization. This reflects the company's continued growth and financial strength across its diverse business segments. The company's four main segments—O2C, Oil & Gas, Retail, and Jio—all reported robust operating performance, contributing to the overall positive results. The O2C business saw revenue growth of 15.4 percent to Rs 1.64 lakh crore, driven by higher volumes and increased domestic product placement. Reliance's oil and gas revenue came in at Rs 6,440 crore in Q4, primarily due to higher volumes, partly offset by lower price realization from the KG D6 Field. Jio Platforms' profit for the fourth quarter stood at Rs 7,022 crore, an increase of 25.7 percent, driven by strong subscriber additions. The telecom and streaming business segment's revenue from operations rose 17.7 percent to Rs 33,986 crore in the March quarter. Reliance Retail's EBITDA for the March quarter rose 14.3 percent to Rs 6,711 crore, and gross revenue increased 15.7 percent to Rs 88,620 crore. These results demonstrate the strong performance of Reliance Industries across its key business segments and its ability to generate sustainable growth and value for its shareholders. Akash M Ambani, Chairman of Reliance Jio Infocomm, highlighted Jio's commitment to driving consistent outperformance in customer engagement with best-in-the-world network technologies and a wide bouquet of digital services. Isha M. Ambani, Executive Director, Reliance Retail Ventures Limited, emphasized Reliance Retail's focus on shaping the future of retail with agility and purpose.
In summary, Reliance Industries' Q4 FY25 results reflect a company navigating a complex global landscape with resilience and strategic foresight. The robust performance of its consumer-facing businesses, particularly digital services and retail, underscored the effectiveness of its customer-centric approach and innovative offerings. While challenges in the energy sector impacted overall profitability, higher refinery utilization and feedstock flexibility partly offset the decline. For the fiscal year, Reliance demonstrated steady growth in revenue, EBITDA, and net profit. The company's success in achieving several financial milestones, including surpassing Rs 10 lakh crore in net worth, showcased its continued growth and financial strength across its diverse business segments. The positive outlook from the leaders of the Jio and Retail divisions point to continued innovations, customer engagement, and efficient operations in the year ahead. Furthermore, the diversification into the FMCG segment has shown promise with its rapid growth, setting a new standard for market entry within India. The consistent performance of RIL showcases its ability to overcome macroeconomic headwinds and continue to deliver value to shareholders. As Reliance continues to invest in innovation and customer experience, it is well-positioned to maintain its leadership position across multiple industries and contribute to India's economic growth.
Source: Reliance Industries Q4 Results: Profit rises on consumer strength, offset by softer energy margins