Thu Jan 16 19:23:33 UTC 2025: ## Reliance Industries Posts Strong Q3 Results, Driven by Growth Across Key Segments

**Mumbai, India (January 17, 2025)** – Reliance Industries Limited (RIL), India’s largest conglomerate, announced robust financial results for the third quarter of fiscal year 2025 (Q3 FY25), reporting a significant increase in revenue and net profit.

The company’s net profit surged 7.3% year-on-year (YoY) to ₹18,540 crore (approximately $2.2 billion USD), fueled by strong performance across its energy, retail, and digital services divisions. Revenue from operations jumped 6.9% YoY to ₹2.43 lakh crore (approximately $29 billion USD), marking a 3.5% sequential increase. Consolidated EBITDA also saw healthy growth, rising 7.8% YoY to ₹48,003 crore (approximately $5.7 billion USD).

RIL’s telecom arm, Jio Platforms, contributed significantly to the positive results. Average revenue per user (ARPU) increased by 11.9% YoY to ₹203.3, driven by a recent tariff hike. The total user base also saw a 2.4% YoY increase, reaching 482.1 million subscribers.

The retail segment demonstrated impressive growth, with net revenue climbing 19.6% quarter-on-quarter (QoQ) to ₹79,595 crore (approximately $9.5 billion USD) and net profit up 21% QoQ to ₹3,458 crore (approximately $414 million USD), largely attributed to increased customer traffic during the festive season.

While the consolidated net profit showed a 3.6% YoY decline to ₹19,101 crore, analysts remain optimistic about RIL’s future prospects. Expert predictions suggest that revenue could reach ₹2.33-₹2.37 lakh crore in Q3 FY25, with a net profit increase of 5%-8% sequentially, though slightly down from the previous year’s Q3.

Shares of Reliance Industries closed 0.87% higher at ₹1,263 apiece on the National Stock Exchange following the announcement. The strong Q3 performance further solidifies RIL’s position as a major player in India’s diverse economic landscape.

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