NEW DELHI: Mukesh Ambani-led Reliance Industries on Friday reported a 2.4% rise in its net profit to Rs 19,407 crore for the quarter ending in March, driven by strong performance in retail operations and resilient oil sector results despite global market challenges.
The company's consolidated net profit reached Rs 19,407 crore, equivalent to Rs 14.34 per share, during January-March, the fourth quarter of FY25 (April 2024 to March 2025).
This shows growth from Rs 18,951 crore, or Rs 14 per share, compared to the same period last year, the company reported in their stock exchange filing.
The company's annual profits remained steady at Rs 69,648 crore, whilst achieving a milestone as the first enterprise to reach a net worth exceeding Rs 10 lakh crore in 2024-25.
Previously, it had set a record by achieving a market cap of Rs 20 lakh crore.
The operational revenue grew to Rs 2.6 lakh crore, showing an improvement from Rs 2.4 lakh crore in the January-March 2024 period.
The profit before tax (EBITDA) increased by 3.6% to Rs 48,737 crore, despite higher finance costs due to increased debt (Rs 3.47 lakh crore as of March 31, 2025, up from Rs 3.24 lakh crore the previous year).
Jio Platforms Ltd, encompassing telecom and digital operations, recorded a 26% profit increase to Rs 7,022 crore in Q4 and a 22% rise for the full year (Rs 26,120 crore).
The retail division, Reliance Retail Ventures Ltd, achieved a 29% year-on-year profit growth to Rs 3,545 crore. While expanding with 238 new stores, reaching 19,340 outlets, the operational area decreased by 2.1% to 77.4 million square feet following store optimisation.
The oil-to-chemical division experienced a 10% EBITDA reduction to Rs 15,080 crore in Q4 and 12% for the full fiscal. The company offset reduced margins by increasing domestic market fuel sales.
In retail fuel operations, Jio-bp, the UK BP partnership, reported quarterly increases of 24.4% and 25.4% in diesel and petrol sales respectively.
The oil and gas division's pre-tax profit declined 8.6% to Rs 5,123 crore in Q4 due to reduced KG-D6 field output.
"The average KGD6 production for the 4Q is 26.73 million standard cubic metres per day of gas and 19,000 barrels a day of oil," it said.
Chairman and managing director, Mukesh Ambani noted that FY2025 presented global business challenges, characterised by weak macro-economic conditions and evolving geo-political situations.
"Our focus on operational discipline, customer-centric innovation and fulfilling India's growth requirements has helped Reliance deliver a steady financial performance during the year," Ambani said, according to news agency PTI.
The O2C business posted a resilient performance despite considerable volatility in energy markets. Significant demand-supply imbalances in downstream chemicals markets have led to multi-year low margins. "Our business teams ensured optimisation of integrated operations and feedstock costs to enhance margin capture across value chains," he continued.
"In the coming quarters, we will see the transition of this business from incubation to operationalization. I firmly believe that the new energy growth engine will create significant value for Reliance, for India and for the world," he added.
The company's consolidated net profit reached Rs 19,407 crore, equivalent to Rs 14.34 per share, during January-March, the fourth quarter of FY25 (April 2024 to March 2025).
This shows growth from Rs 18,951 crore, or Rs 14 per share, compared to the same period last year, the company reported in their stock exchange filing.
The company's annual profits remained steady at Rs 69,648 crore, whilst achieving a milestone as the first enterprise to reach a net worth exceeding Rs 10 lakh crore in 2024-25.
Previously, it had set a record by achieving a market cap of Rs 20 lakh crore.
The operational revenue grew to Rs 2.6 lakh crore, showing an improvement from Rs 2.4 lakh crore in the January-March 2024 period.
The profit before tax (EBITDA) increased by 3.6% to Rs 48,737 crore, despite higher finance costs due to increased debt (Rs 3.47 lakh crore as of March 31, 2025, up from Rs 3.24 lakh crore the previous year).
Jio Platforms Ltd, encompassing telecom and digital operations, recorded a 26% profit increase to Rs 7,022 crore in Q4 and a 22% rise for the full year (Rs 26,120 crore).
The retail division, Reliance Retail Ventures Ltd, achieved a 29% year-on-year profit growth to Rs 3,545 crore. While expanding with 238 new stores, reaching 19,340 outlets, the operational area decreased by 2.1% to 77.4 million square feet following store optimisation.
The oil-to-chemical division experienced a 10% EBITDA reduction to Rs 15,080 crore in Q4 and 12% for the full fiscal. The company offset reduced margins by increasing domestic market fuel sales.
In retail fuel operations, Jio-bp, the UK BP partnership, reported quarterly increases of 24.4% and 25.4% in diesel and petrol sales respectively.
The oil and gas division's pre-tax profit declined 8.6% to Rs 5,123 crore in Q4 due to reduced KG-D6 field output.
"The average KGD6 production for the 4Q is 26.73 million standard cubic metres per day of gas and 19,000 barrels a day of oil," it said.
Chairman and managing director, Mukesh Ambani noted that FY2025 presented global business challenges, characterised by weak macro-economic conditions and evolving geo-political situations.
"Our focus on operational discipline, customer-centric innovation and fulfilling India's growth requirements has helped Reliance deliver a steady financial performance during the year," Ambani said, according to news agency PTI.
The O2C business posted a resilient performance despite considerable volatility in energy markets. Significant demand-supply imbalances in downstream chemicals markets have led to multi-year low margins. "Our business teams ensured optimisation of integrated operations and feedstock costs to enhance margin capture across value chains," he continued.
"In the coming quarters, we will see the transition of this business from incubation to operationalization. I firmly believe that the new energy growth engine will create significant value for Reliance, for India and for the world," he added.
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