Reliance Industries Posts 7.4% Rise in Q3 Net Profit on Retail Rebound and Telecom Growth
New Delhi, January 16, 2025: Reliance Industries Ltd (RIL) reported a consolidated net profit of ₹18,540 crore for the December quarter, reflecting a 7.4% year-on-year increase. This growth was attributed to a robust rebound in its retail segment and significant gains in telecom earnings. The profit translated to ₹13.70 per share, up from ₹12.76 per share in the corresponding period of FY24. Revenue from operations rose to ₹2.43 lakh crore, up from ₹2.27 lakh crore in the same quarter last year.
Reliance Industries
Key Performance Highlights:
Oil-to-Chemical (O2C) Business:
Reliance Chairman Mukesh Ambani highlighted the growth in the company’s O2C segment, which celebrated 25 years of operations at the Jamnagar refinery. Refining margins continue to improve steadily, reflecting strong performance in the segment.
Reliance Jio Infocomm:
India’s leading telecom operator, Reliance Jio, recorded a 24% surge in standalone net profit at ₹6,477 crore for the October-December quarter. This growth was primarily driven by a tariff hike and an increase in average revenue per user (ARPU). Revenue from operations climbed to ₹29,307 crore, up from ₹25,368 crore in the previous year.
Reliance Retail Ventures Ltd (RRVL):
- Gross revenue rose by 8.75% to ₹90,333 crore, supported by festive demand and steady consumer spending.
- Profit after tax (PAT) increased 10% to ₹3,458 crore, up from ₹3,145 crore in the same period last year.
- Revenue from operations grew 7% to ₹79,595 crore, with digital and new commerce contributing 18% of the total revenue.
- Pre-tax profit (EBITDA) for the quarter increased by 9.45% to ₹6,828 crore.
Strategic Insights:
Reliance Retail’s focus on scaling digital commerce and new-age channels, coupled with strong festive demand, has driven consistent growth. Similarly, Jio’s continued ARPU growth through tariff adjustments underscores its leadership in the Indian telecom market.
