Fri Jan 17 02:55:05 UTC 2025: ## Reliance Industries Posts Strong Q3 Results Driven by Digital Services and Retail Growth

**Mumbai, India –** Reliance Industries Limited (RIL) announced robust financial results for the third quarter of fiscal year 25 (Q3 FY25), exceeding expectations across its key business segments. The company reported a consolidated net profit of ₹18,540 crore (approximately $2.2 billion USD), a rise from ₹17,265 crore in the same period last year. Consolidated revenue reached ₹2.40 lakh crore (approximately $29 billion USD), up from ₹2.25 lakh crore.

The stellar performance was largely driven by exceptional growth in its Digital Services and Retail divisions. Digital Services, fueled by tariff hikes and expansion of home and digital services, saw EBITDA increase by 17% year-on-year to ₹16,640 crore. Jio, the company’s telecommunications arm, added 3.3 million subscribers, bringing its 5G subscriber base to 170 million, accounting for 40% of Jio’s wireless traffic. Jio’s ARPU (average revenue per user) also saw growth, and the company anticipates further benefits from recent tariff hikes.

Reliance Retail reported a 9% year-on-year increase in revenue, reaching ₹90,351 crore, driven by strong festive season sales, increased average basket value, and the success of new store formats like Yousta and Azorte. EBITDA for the retail segment grew to ₹6,840 crore. The Oil-to-Chemicals (O2C) segment also demonstrated resilience, with higher domestic demand and operational flexibility contributing to growth despite a mixed margin environment.

Overall, Reliance Industries showcased impressive growth across its portfolio, exceeding expectations and demonstrating its strength in the digital and retail sectors. Chairman Mukesh Ambani expressed optimism about the company’s future, highlighting the potential for continued transformational growth. The company’s strong financial results further cement its position as a leading player in the Indian market. This announcement comes amidst other news regarding India’s largest regional retail options traders summit (BOTS) and ongoing activity in the cryptocurrency market.

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