Thu Jan 16 16:02:48 UTC 2025: ## Reliance Industries Posts Strong Q3 Results, Exceeding Analyst Expectations

**Mumbai, India** – Reliance Industries Limited (RIL), India’s largest conglomerate, announced robust financial results for the third quarter of fiscal year 2025 (ending December 31, 2024), exceeding analyst expectations. The company reported a consolidated net profit of ₹18,540 crore (approximately $2.2 billion USD), a seven percent year-on-year increase. Operational revenue surged to ₹2.43 lakh crore (approximately $29.2 billion USD), up 6.7 percent year-on-year.

This strong performance was driven by growth across its key business segments. Jio, RIL’s telecom arm, saw a 19.2 percent year-on-year increase in revenue, fueled by tariff revisions and growth in home broadband services. The average revenue per user (ARPU) for Jio climbed to ₹203.3. The retail segment also performed exceptionally well, with an 8.8 percent year-on-year revenue increase, boosted by festive season demand. The Oil-to-Chemicals (O2C) business reported a six percent year-on-year revenue improvement, despite planned shutdowns impacting production in the previous year.

Mukesh D. Ambani, Chairman and Managing Director of Reliance Industries, attributed the success to robust growth in digital services, a favorable subscriber mix with increased 5G adoption, and strong retail performance driven by festive buying. He highlighted Jio’s continued market leadership in home broadband and the retail segment’s ability to capitalize on consumer demand.

While the Oil and Gas segment experienced a slight decline in revenue due to lower volumes and price realizations, the overall financial performance clearly demonstrates the resilience and growth across Reliance’s diverse portfolio. The company’s EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) reached a record ₹48,003 crore, showcasing the strength of its operations.

Analysts had predicted a net profit of ₹18,337 crore and revenue of ₹2.39 lakh crore, figures comfortably surpassed by RIL’s actual results. The positive results sent Reliance Industries’ share price up 1.82 percent to ₹1,275 per share on Thursday, before the official announcement. Several brokerages, including Citi and JPMorgan, maintain a positive outlook on the stock.

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