Fri Jan 17 04:35:30 UTC 2025: ## Reliance Industries Posts Strong Q3 Results, Driven by Jio and Retail Growth

**Mumbai, India** – Reliance Industries Ltd (RIL), India’s largest company by market capitalization, reported strong consolidated net profit growth for the December quarter (Q3 FY25), fueled by robust performance in its Jio Platforms and Reliance Retail businesses.

The company announced a 7.38% year-on-year (YoY) increase in consolidated net profit, reaching ₹18,540 crore (approximately $2.2 billion USD) compared to ₹17,265 crore in the same period last year. Consolidated revenue also saw a 6.97% YoY jump to ₹2,43,865 crore. Ebitda (earnings before interest, taxes, depreciation, and amortization) rose 7.8% YoY to ₹48,003 crore, with an Ebitda margin of 18%.

Jio Platforms, RIL’s telecom arm, reported particularly strong growth. Gross revenue surged 19.2% YoY to ₹38,750 crore, while Ebitda increased 18.8% to ₹16,585 crore. Profit after tax (PAT) rose by a significant 26% YoY to ₹6,861 crore. Jio’s subscriber base reached 482 million as of December 31, 2024, and the average revenue per user (ARPU) improved to ₹203.30. Jio also highlighted its leading position as the world’s largest standalone 5G operator outside of China, with over 170 million subscribers.

Reliance Retail also contributed significantly to the positive results. Quarterly revenue increased 8.8% YoY to ₹90,333 crore, with Ebitda up 9.5% to ₹6,828 crore and PAT rising 10% to ₹3,458 crore. The retailer opened 779 new stores during the quarter.

While the Oil-to-Chemicals (O2C) business saw a slight dip in revenue due to lower gas and condensate volumes, the segment still demonstrated resilience amidst global energy market volatility. Domestic fuel retailing volume experienced significant growth.

RIL’s net debt decreased to ₹1,15,465 crore, improving its Net Debt to Ebitda ratio to 0.6. Chairman and Managing Director Mukesh Ambani attributed the strong results to the robust growth of digital services and the retail segment’s success.

Analysts have reacted positively to the results, with several firms maintaining buy ratings and projecting target prices above the current share price. The RIL stock closed at ₹1,268.70 on BSE, up 1.31% on the day of the announcement.

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