Business

Reliance’s Consolidated Revenue For 3rd Quarter Of FY25 Surges By 7.7% YOY

Reliance Industries Limited registers a consolidated revenue of 267,186 crore rupees. Financial results are from the third quarter of the financial year 25, ending on 31 December 2024.

A conglomerate of oil-to-telecom-to-retail, led by Mukesh Ambani announced its earnings for the third quarter on January 16. The group has registered an increase of 7.7% in its revenue year-on-year basis translating the income to 267,186 crore rupees.  Consolidated EBITDA rose 7.8% YoY to ₹48,003 crore ($5.6 billion), while net profit surged 11.7% YoY to ₹21,930 crore ($2.6 billion)

Jio Platforms Lead Digital Growth

Jio Platforms Limited (JPL) delivered robust growth during the quarter. The company recorded total revenue of ₹38,750 crore, a 19.2% YoY increase, while EBITDA rose 18.8% YoY to ₹16,585 crore. Jio’s subscriber base grew to 482 million, marking a 2.4% increase over the previous year. Average revenue per user (ARPU) climbed to ₹203.3.

Also Read: India’s Economic Vision 2047: Visa Highlights Key Drivers For Growth And Inclusion

JioAirFiber reached 4.5 million subscribers, and over 170 million customers are now on Jio’s 5G network, making it the world’s largest standalone 5G operator, excluding China.

Reliance Retail’s Stellar Performance

Reliance Retail Ventures Limited (RRVL) reported an 8.8% increase in total revenue, driven by strong consumer demand during the festive and wedding seasons. The retail segment’s EBITDA grew by 9.5%, attributed to operational efficiencies and high store standards.

Oil-to-Chemicals (O2C) Sees Steady Growth

The Oil-to-Chemicals (O2C) business posted a 6% YoY revenue growth, supported by increased domestic supply and higher product volumes. Improved refining margins also contributed to the segment’s performance, although a prior-year shutdown of key units had affected volumes.

Oil And Gas Segment Faces Decline

The Oil and Gas division experienced a 5.2% revenue decline due to lower production volumes at KGD6 and reduced prices for coal bed methane (CBM) and condensate. Segment EBITDA fell by 4.1%.

Capital Expenditure And Financial Highlights

RIL’s total capital expenditure for the quarter amounted to ₹32,259 crore ($3.8 billion). Financial costs increased 6.7% YoY to ₹6,179 crore ($722 million), while tax expenses rose by 7.8% to ₹6,839 crore ($799 million).

Mukesh Ambani’s Remarks

RIL Chairman and Managing Director Mukesh Ambani expressed satisfaction with the results, stating, “Our consolidated performance reflects the resilience and strength of our diversified businesses. Jio and Reliance Retail delivered exceptional growth, while the O2C segment proved its resilience amidst global energy market volatility. We are confident that Reliance is poised for transformative growth in the coming years.”

Future Outlook

Reliance Industries is positioned for significant growth across its key business segments. Its digital and retail divisions are driving innovation and scaling rapidly, underpinning India’s economic and technological advancements. With its diversified business model and strategic investments, RIL is set to play a pivotal role in shaping India’s future growth story.

Shibra Arshad

Recent Posts

Hina Khan Hails 11 Years Of PM Modi’s Leadership; Highlights National Progress

As the nation marks 11 years under PM Modi's leadership, actress Hina Khan shares her…

1 hour ago

Subhash Ghai Hails PM Modi’s Transformative Vision For India

Subhash Ghai has praised PM Narendra Modi’s leadership for catalysing India’s growth and changing the…

2 hours ago

India & Central Asia Boost Rare Earth Cooperation At Delhi Meet

India and five Central Asian nations have agreed to deepen cooperation on rare earths and…

2 hours ago

PM Modi’s Beej Se Bazaar Tak Vision Reshapes Indian Agriculture

Prime Minister Modi has redefined Indian agriculture with the ‘Beej Se Bazaar Tak’ vision, transforming…

3 hours ago

EV Sales Cross 4% Mark In May; Signalling Steady Shift To Green Mobility

EV sales topped 4% of passenger vehicle retail in May 2025, signalling growing demand for…

3 hours ago

Self-Reliant Defence Industry Marks India’s Strategic Security Ascent

One year into Modi 3.0, reforms have reduced poverty, strengthened defence, and accelerated the digital…

3 hours ago