Fri Jan 17 07:27:52 UTC 2025: ## Reliance Industries Posts Strong Q3 Results Despite Sectoral Headwinds

**Mumbai, January 16, 2025** – Reliance Industries Limited (RIL) today announced robust third-quarter (Q3FY25) results, defying some sectoral challenges and showing growth across its diverse business portfolio. The company reported a net profit of Rs 21,804 crore, an 11.88% year-on-year (YoY) increase, on a consolidated revenue of Rs 243,865 crore, a 6.97% YoY rise.

This marks a significant rebound after three consecutive quarters of declining profits. Chairman and Managing Director Mukesh Ambani attributed the positive results to strong performances across key segments, highlighting the resilience of the Oil to Chemicals (O2C) business despite global energy market volatility, and a strong contribution from the retail segment, fueled by festive demand.

**Key Highlights:**

* **Retail:** Reliance Retail generated revenue of Rs 90,333 crore, an 8.8% YoY increase, driven by strong festive sales and a 5% YoY increase in footfall. New store openings totaled 779, bringing the total to 9,102. Digital commerce and new commerce contributed 18% of retail revenue. EBITDA rose 9.5% YoY to Rs 6,828 crore.

* **O2C:** This segment posted revenue of Rs 149,595 crore, a 6% YoY increase, benefiting from higher production and robust domestic demand. EBITDA increased by 2.4% YoY to Rs 14,402 crore.

* **Jio Platforms:** The digital services arm saw strong growth, with revenue reaching Rs 38,750 crore (a 19.2% YoY increase) and EBITDA at Rs 16,585 crore (an 18.8% YoY increase). Subscriber base increased to approximately 482 million, and ARPU rose to Rs 203.3.

* **Oil and Gas:** This segment showed a slight decline, with revenue at Rs 6,370 crore, down 5.2% YoY, primarily due to lower gas and condensate volumes.

* **Reliance BP Mobility (Jio-bp):** The fuel retail venture reported significant growth in sales of high-speed diesel (HSD) and motor spirit (MS), outpacing industry growth rates significantly. The company also highlighted expansion in its electric vehicle charging network and bio-CNG infrastructure.

* **Debt Reduction:** RIL reduced its net debt by Rs 973 crore to Rs 115,465 crore.

* **Capex:** Capital expenditure for the quarter stood at Rs 32,259 crore ($3.8 billion).

Ambani emphasized Jio’s continued success in expanding 5G network adoption and the strong growth of its home broadband services. He also highlighted the 25th anniversary of the Jamnagar refinery as a symbol of Reliance’s long-term growth and resilience. While the company did not provide specific future guidance, the Q3 results indicate a positive trajectory for the conglomerate.

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