Thu Jan 16 15:38:28 UTC 2025: ## Reliance Industries Posts Strong Q3 Results Despite Market Volatility

**Mumbai, January 16, 2025** – Reliance Industries Limited (RIL) today announced robust third-quarter (Q3FY25) results, defying global market uncertainty. The company reported a profit of Rs 21,804 crore, an 11.88% year-on-year (YoY) increase, on a revenue of Rs 243,865 crore, a 6.97% YoY rise. This follows three consecutive quarters of declining profits.

Strong performances across RIL’s key segments fueled the positive results. Reliance Retail, boosted by festive demand, saw revenue jump 8.8% YoY to Rs 90,333 crore, with all formats contributing to the growth. The segment opened 779 new stores, bringing the total to 9,102, and registered customer base surpassed 338 million. Digital commerce and new commerce accounted for 18% of retail revenue.

The Oil to Chemicals (O2C) business, despite global energy market volatility, demonstrated resilience with a 6% YoY revenue increase to Rs 149,595 crore. Higher production and robust domestic demand offset the impact of planned maintenance shutdowns in the previous year’s Q3.

Reliance Jio Platforms Limited (JPL) also saw significant growth. Revenue surged 19.2% YoY to Rs 38,750 crore, driven by continued tariff revisions and growth in home broadband services. Subscriber base reached approximately 482 million, with a 2.4% YoY increase. ARPU increased to Rs 203.3.

Reliance BP Mobility Limited (RBML), operating under the Jio-bp brand, achieved impressive sales growth in HSD and MS, significantly outperforming industry averages. Its network expansion in electric vehicle charging and Bio-CNG further bolsters its position in the evolving energy landscape.

Despite positive results, RIL’s Oil and Gas segment saw a 5.2% YoY revenue decline due to lower gas and condensate volumes. Net debt decreased by Rs 973 crore to Rs 115,465 crore. Capital expenditure for the quarter reached Rs 32,259 crore.

Chairman and Managing Director Mukesh Ambani attributed the success to the resilience and inherent strength across all businesses, highlighting the strong performance in digital services, retail, and O2C. He also noted Jio’s contribution to India’s expanding technological capabilities. The company’s positive outlook reflects confidence in future growth and continued market leadership.

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