Sat Jan 18 17:16:06 UTC 2025: ## Reliance Industries Reports Record Quarterly Profit, Driven by Digital and Retail Growth
**Mumbai, January 17, 2025** – Reliance Industries Limited (RIL) announced record quarterly profits and EBITDA for the quarter ended December 2024 (Q3FY25), fueled by strong performance in its digital services and retail businesses. The company reported a consolidated net profit of Rs 21,930 crore, an 11.7 percent increase year-on-year. Consolidated revenue rose 7.7 percent to Rs 2,67,186 crore.
Jio Platforms, the telecom arm, contributed significantly to the growth, with a 26 percent year-on-year increase in profit to Rs 6,861 crore. This was driven by sustained subscriber additions (3.3 million net additions in Q3FY25), improved customer engagement, and tariff revisions. Jio’s 5G network now boasts over 170 million subscribers. Reliance Retail also performed exceptionally well, achieving a 10 percent year-on-year profit growth to Rs 3,458 crore, driven by increased footfalls and a growing customer base.
The oil-to-chemicals (O2C) business saw a 6 percent year-on-year revenue increase to Rs 1.49 lakh crore, despite global energy market volatility. EBITDA for the O2C segment increased by 2.4 percent.
Despite strong performance in key segments, the oil & gas exploration and production segment saw a decrease in revenue and EBITDA due to lower gas and condensate volumes.
Reliance’s total debt increased, but its net debt decreased to Rs 1.15 lakh crore, resulting in a net debt to EBITDA ratio of 0.6. Capital expenditure for the quarter was Rs 32,259 crore.
RIL’s shares rallied 4.2 percent in calendar year 2025, closing at Rs 1,266.45 on January 16. The company’s strong results highlight the success of its diversification strategy across various sectors.
**Note:** Information regarding the Traders Gurukul event and crypto market updates were omitted as they are not directly related to the core news of Reliance’s financial performance.
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