Thu Jan 16 14:47:50 UTC 2025: ## Reliance Industries Q3 Results Drive Market Surge; Jio’s 5G Adoption Fuels Growth

**Mumbai, India** – Reliance Industries Limited (RIL) announced robust Q3 FY25 results, sending its shares soaring and boosting the Nifty index. All key business segments – Oil-to-Chemicals (O2C), Retail, and Digital Services (Jio) – reported strong performances.

The O2C segment showcased resilience, fueled by high domestic demand and operational flexibility, despite a mixed margin environment due to global factors. Revenue reached ₹1.49 lakh crore, with EBITDA slightly up year-on-year. However, EBITDA margins dipped slightly to 9.6%.

Reliance Retail achieved a 9% YoY revenue increase to ₹90,351 crore, maintaining a 7.6% EBITDA margin with EBITDA growth reaching ₹6,840 crore.

Jio, the digital services arm, was a standout performer. EBITDA surged 17% YoY to ₹16,640 crore, driven by tariff hikes, expanding home services (adding 2 million connections), and a remarkable 22% YoY increase in data traffic (reaching 46.5 billion GB). The company boasts 170 million 5G subscribers, representing 40% of its wireless traffic. Net profit for Jio reached ₹6,477 crore. ARPU is projected to increase further.

RIL’s consolidated net profit climbed to ₹18,540 crore, with revenue reaching ₹2.40 lakh crore and EBITDA at ₹43,789 crore. The company’s capital expenditure of ₹32,259 crore was comfortably supported by cash profit of ₹38,227 crore.

Chairman Mukesh Ambani highlighted the strong performances across segments, emphasizing Jio’s digital growth and Retail’s success. Analysts predict further growth in the coming quarters, with some projecting a 10% sequential rise in net profit. RIL shares closed at ₹1,275, up 1.8% on the day.

**Note:** MoneyControl, which reported these results, is part of Network18, a company where Reliance Industries is the sole beneficiary. This potential conflict of interest should be considered when evaluating the report. The article also mentions an unrelated event: India’s Largest Regional Retail Option Traders Summit.

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