Reliance Industries Limited Q3 FY 2025: Profit Rises 12%; Hits Record High -

Reliance Industries Ltd (RIL) posted a 12 percent year-on-year increase in consolidated net profit to a record high of Rs 21,930 crore for the third quarter of FY 2024-25. The oil-to-telecom conglomerate’s PAT  stood at Rs 17,265 crore in the same quarter a year ago. 

In the quarterly results announced on Thursday, the Mukesh Ambani led conglomerate delivered impressive numbers on the backdrop of festive season and exuberant buying across sectors. 

Reliance Industries Limited Q3 FY2024-25

The growth in topline is driven by strong performances in its digital services, retail and oils-to-chemicals businesses. “Reliance Retail delivered strong performance during the quarter led by festive buying across consumption baskets. Our focus on offering a wide range of products at an attractive price value proposition continues to draw customers to our stores and digital platforms," said Mukesh Ambani, Chairman and Managing Director, Reliance Industries Ltd.

During the quarter under review, RIL's revenue rose 7.7 percent to Rs 2.67 lakh crore from a year earlier, while EBITDA climbed 7.8 percent to Rs 48,003 crore. The company's operating margin expanded 10 basis points from a year earlier to 18 percent. 

Jio business booms

RIL stated that Jio Platforms reported a gross revenue of Rs 38,750 crore for the quarter, up 19.2 per cent YoY. Ebitda for the quarter stood at Rs 16,585 crore, up 18.8 per cent YoY
RIL's digital services division led the charge in the fiscal third quarter, with EBITDA surging 17 percent to Rs 16,640 crore, driven by a higher average revenue per user (ARPU) of Rs 203.3. 

“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,” added Ambani.