Reliance Industries share price gains 1.5% after company's arm completes acquisition of 74% stake in Nauyaan Shipyard for ₹383 crore

Consequently, NSPL has become a step-down subsidiary of the company effective March 21, 2025. Before the acquisition, NTPL provided an unsecured loan of ₹93.66 crore to NSPL on an arms-length basis, the company said.

For the December quarter of the current fiscal year (Q3 FY25), RIL reported a 7.4% rise in its net profit as the retail business rebounded, telecom earnings surged on higher tariffs and the mainstay oil and petrochemicals business delivered consistent performance.

Its consolidated net profit of ₹18,540 crore, or ₹13.70 per share, in October-December – the third quarter of April 2024 to March 2025 fiscal year (FY25) – compared to ₹17,265 crore, or ₹12.76 a share, in the same period a year back, according to a company statement.

Profit was also up sequentially from ₹16,563 crore in the July-September quarter.

The profit before tax (EBITDA) rose 7.8% to ₹48,003 crore. This was despite an almost 7% rise in finance costs due to higher debt (43.5 lakh crore as of December 31, 2024, compared to 43.36 lakh crore in September and ₹3.11 lakh crore in December 2023).

Its revenue was up 7.7% year-on-year to ₹2.67 lakh crore.

Higher tariffs and more customers helped telecom arm profits jump, while more stores and higher footfalls helped retail businesses rebound. Good domestic demand and rising petchem margins helped oil-to-chemicals businesses post decent numbers.

In a separate announcement, DP World and Reliance Industries have partnered to launch an innovative logistics solution for the petrochemicals industry, shifting product transport from road to rail, significantly cutting carbon emissions.

The Dubai-based logistics operator in a statement said the new solution connects Reliance Industries’ Jamnagar plant in Gujarat to DP World's inland container depot (ICD) in Ahmedabad and onwards to the port of Mundra.

Previously, the Mundra-Jamnagar-Mundra round trip involved approximately 700 km of road transport for each container, it added.

RIL share price trend

Shares of RIL have slipped over 11% in the past 12 months.