Reliance Industries jump 4.5% after reporting strong Q4FY25 results in Retail and Telecom

On Monday, the Reliance Industries share price jumped 4.5 percent on NSE after reporting its Q4FY25 and full-year FY25 financial results, showcasing steady growth amid challenging macroeconomic conditions. For the quarter ended March 2025, RIL posted a consolidated net profit attributed to shareholders of Rs. 19,407 crore, marking a 2.4 percent year-on-year increase from Rs. 18,951 crore in Q4FY24 and a 4.7 percent sequential rise from Rs. 18,540 crore in Q3FY25. The net revenue from operations for Q4FY25 rose 10 percent year-on-year to Rs. 2,64,573 crore, up from Rs. 2,40,715 crore in the same quarter last year. The company’s EBITDA for the quarter stood at Rs. 48,737 crore, reflecting a 3.6 percent year-on-year growth.

For the full fiscal year FY25, Reliance reported consolidated revenue of Rs. 10,71,174 crore, up 7.1 percent from FY24, with a profit after tax (PAT) attributable to the company's owners of Rs. 69,648 crore, a 0.03 percent increase year-on-year. EBITDA for the full year rose 2.9 percent to Rs. 1,83,422 crore. The company declared a dividend of Rs. 5.5 per equity share for FY25, subjected to shareholder approval.

For Q4FY25, the Oil and Gas segment revenues fell 0.4% year-on-year to Rs. 6,440 crore, and EBITDA declined 8.6 percent to Rs. 5,123 crore. The EBITDA saw an impact from lower KG D6 gas production, lower CBM (coal bed methane) prices, and maintenance activities.

The Oil to Chemicals (O2C) revenue for the quarter stood at Rs. 1,64,613 crore with an EBITDA of Rs. 15,080 crore and saw a 10 percent decline due to a sharp fall in fuel cracks and lower polyester chain margins, partially offset by higher volumes, feedstock cost optimization, and improved prices for polypropylene (PP) and polyvinyl chloride (PVC). The segment’s EBITDA margin contracted by 260 basis points to 9.2 percent.

Reliance Retail continued to be a major growth driver, delivering robust performance in Q4FY25. The retail arm reported a 29 percent year-on-year increase in net profit for Q4FY25, reaching Rs. 3,519 crore, with revenue rising 16 percent to Rs. 88,620 crore. The segment expanded its store footprint by adding 2,659 new outlets during the year, bringing the total to 19,340 stores covering 77.4 million square feet for FY25.

The registered customer base rose 15 percent year-on-year to 349 million, with total transactions increasing 11 percent to 1.4 billion. Reliance Retail’s quick commerce (JioMart) daily gross orders surged 2.4 times quarter-on-quarter, and its Consumer Brands division emerged as India’s fastest-growing FMCG player, achieving approximately Rs. 11,450 crore in sales in its second year.

The digital and telecom business, led by Reliance Jio, also showed strong momentum. JioStar, a part of the Jio ecosystem, made Rs. 9,497 crore in revenue for FY25 (14th November 2024 to 31st March 2025) and achieved ~280 million paid users in just ten weeks post-merger of the JioHotstar launch. Jio’s average revenue per user (ARPU) increased to Rs. 206.20, up 1.4 percent on a QoQ basis, reflecting sustained customer engagement. The Digital Services segment’s Q4FY25 revenue was Rs. 40,861 crore, up 17.61 percent year-on-year, with EBITDA rising 18 percent to Rs. 17,278 crore.

As per sources, Mukesh Ambani, the chairman and managing director of RIL, acknowledged the challenging global environment marked by weak macroeconomic conditions and geopolitical shifts but highlighted the company’s focus on operational discipline, customer-centric innovation, and addressing India’s growth needs.

The company also approved a plan to raise upto Rs. 25,000 crore through the issuance of listed, secured or unsecured, redeemable non-convertible debentures in one or more tranches on a private placement basis to support its growth initiatives.

In a historic milestone, Reliance Industries became the first Indian company to surpass Rs. 10 lakh crore in net worth, while reinforcing itself in a dominant position in the Indian corporate market.

In summary, Reliance Industries delivered a resilient Q4FY25 and FY25 performance, which was driven by strong growth in retail and digital services and stable oil-to-chemicals operations. The company’s focus on operational efficiency and customer-driven business of retail and telecom has helped its ability to navigate a challenging global environment.