Reliance Industries Q3 Results Highlights: Net profit rises 7.3% YoY to ₹18,540 crore, revenue jumps 6.9% YoY

• Reliance Industries Ltd (RIL) reported a 7.3% YoY rise in its December quarter net profit to ₹18,540 crore, driven by strong performance across its energy, retail, and digital services segments.

• The company's revenue from operations increased to ₹2.43 lakh crore from ₹2.27 lakh crore in the same quarter of FY24.

• Jio platform's average revenue per user (ARPU) increased by 11.9% YoY to ₹203.3, aided by the tariff hike. The total user base grew by 2.4% YoY, 482.1 million.

• Reliance retail business reported double-digit revenue and net profit growth sequentially. Net revenue rose by 19.6% QoQ to ₹79,595 crore, while net profit rose 21% QoQ to ₹3,458 crore, aided by increased customer footfall during the festive season.

• Segment Revenue for Q3FY25 increased by 6% YoY to ₹149,595 crore, primarily because of higher production volume and robust domestic demand and product placement.
• Domestic fuel retailing volume increased significantly with 43.7% growth in MS and 22.8% in HSD.
• Segment EBITDA for Q3FY25 rose 2.4% YoY to ₹14,402 crore, while the EBITDA margin contracted by 40 basis points to 9.6%.

• Net revenue for the quarter rose 7% YoY to ₹79,595 crore. Meanwhile, on a sequential basis, revenue rose 19.6%. Retail business revenue of ₹66,502 crore in the previous quarter.
• Retail business net profit stood at ₹3,458 crore, up 10% YoY and 21% QoQ.
• The company’s EBITDA stood at ₹6,828 crore, up 9.5% YoY, while the EBITDA margin expanded by 20 basis points to 8.6% during the third quarter.
• As per the company, strong sequential growth was driven by several productivity improvement initiatives and increased customer engagement during the festive period through new product launches and promotions.
• The retail arm's total store count increased by 1.7% YoY to 19,102, compared to 18,774 stores in Q3FY24. Footfall growth in these stores remained strong at 296 million, 5% higher than the 282 million reported during the same period last year.

• Reliance Jio reported a 19.4% YoY rise in revenue to ₹33,074 crore during the December quarter. Meanwhile, its net profit rose by 26% YoY to ₹6,861 crore.
• The company’s EBITDA stood at ₹16,585 crore, up 18.8% YoY, while the EBITDA margin contracted by 30 basis points to 50.1% during the third quarter.
• Jio's total user base grew by 2.4% YoY, 482.1 million. Average revenue per user (ARPU) increased to ₹203.3, up by 11.9% YoY during the quarter, aided by the tariff hike and a better subscriber mix.
• Net subscriber addition in 3Q FY25 was 3.3 million and monthly churn moderated to 2.0%.

• Oil and gas exploration and production business revenue stood at ₹6,370 crore, down 5.2% YoY, mainly due to a lower volume of gas and condensate from KGD6.
• EBITDA declined 4.1% to ₹ 5,565 crore on a YoY basis following lower revenues.
• The average KGD6 Production for the 3Q FY25 is 28.04 MMSCMD of gas and 21,000 bbl/day of oil/condensate.

• Revenue from operations increased by 6.9% YoY to ₹2.43 lakh crore compared to ₹2.27 lakh crore in the same quarter of last year. On a sequential basis, revenue rose 3.5%.

• Net profit attributable to the company's owners rose 7.3% YoY to ₹18,540 crore, compared to ₹17,265 crore in Q3FY24 and 11.9% QoQ.

• Consolidated EBITDA also showed strong growth, rising to ₹48,003 from ₹44,525 in Q3FY24.

• According to experts, Reliance Industries' Q3 revenue is expected to rise slightly by 0.5-1% quarter-on-quarter, reaching ₹2.33-2.37 lakh crore. Year-on-year, revenue may grow by 3-5%, compared to ₹2.35 lakh crore in Q2FY25 and ₹2.27 lakh crore in Q3FY24.
• Net profit is projected to increase by 5-8% sequentially to ₹17,300-17,900 crore, though it might decline from ₹19,641 crore reported in Q3FY24. In Q2FY25, Reliance posted a net profit of ₹16,563 crore.
• Improved profitability is attributed to strong refining margins in the oil-to-chemicals business and higher average revenue per user (ARPU) in the telecom segment, supported by tariff hikes for prepaid and postpaid plans in Q2FY25.
• Investors will closely watch Reliance’s Q3 results to assess the performance of its key segments—retail, telecom, and oil refining. Management's commentary on the business outlook will also be a focal point.

• Traded volume (Lakhs): 120.81
• Traded value: ₹1,524.71 crore
• Total market capitalisation: ₹17,12,589.45 crore
• Free float m-cap: ₹8,57,568.35 crore

• Current price: 1,263.60 (+0.91%)
• Open: ₹1,258.90
• High: ₹1,267.65
• Low: ₹1,251.30
• Previous close: ₹1,252.20

• Mukesh Ambani, Chairman & Managing Director
• Anant Ambani, Non-Executive Director
• Akash Ambani, Non-Executive Director
• Isha Ambani, Non-Executive Director
• Nikhil Meswani, Executive Director
• Hital Meswani, Executive Director
• PMS Prasad, Executive Director
• Raminder S Gujral, Independent Director
• Shumeet Banerji, Independent Director
• Arundhati Bhattacharya, Independent Director
• KV Chowdary, Independent Director
• KV Kamath, Independent Director
• HE Yasir Othman Al Rumayyan, Independent Director
• Haigreve Khaitan, Independent Director

• Traded volume: 52.55 lakh
• Traded value: ₹661.40 crore
• Total market cap: ₹17,07,514.81
• Free float m-cap: ₹8,55,636.12

• Current price: 1,263.85 (+0.93%)
• Open: ₹1,258.90
• High: ₹1,264.35
• Low: ₹1,251.30
• Previous close: ₹1,252.20

According to experts, revenue could reach ₹2.33-₹2.37 lakh crore in Q3 FY25, reflecting an increase of 0.5% to 1% quarter on quarter (QoQ). Year-on-year (YoY), it may grow 3%- 5%.

Net profit is expected to surge 5%- 8% sequentially to around ₹17,300-₹17,900 crore. However, it may decline from ₹19,641 crore in the December quarter of FY24.

However, the consolidated net profit declined 3.6% YoY to ₹19,101 crore.

Reliance Industries share price

Shares of Reliance Industries are trading 0.87% higher at ₹1,263 apiece on the National Stock Exchange.