Mon Apr 28 04:10:00 UTC 2025: ## Reliance Industries Fuels Nifty 50 Surge with Strong Q4 Earnings

**Mumbai, India** – Reliance Industries Ltd (RIL) shares surged 3 percent in early trading today, propelling the Nifty 50 index higher after the company exceeded earnings expectations for the March quarter. RIL’s net profit rose 2.4 percent to ₹19,407 crore, exceeding market forecasts due to lower depreciation, interest, and tax rates. Revenue climbed 8.8 percent year-on-year to ₹2.88 lakh crore, boosted by strong performance in digital services, retail, and oil-to-chemicals (O2C) businesses.

Brokerages reacted positively, raising their target prices for RIL shares. The strong performance across segments, particularly the O2C segment exceeding expectations, fueled this optimism. The telecom arm, Reliance Jio, is seen as a major growth driver, with projections of 21 percent annual EBITDA growth over FY25-27. This is attributed to anticipated tariff hikes, market share gains, and expansion in the homes and enterprise sectors.

Analysts highlight several key growth drivers for RIL in the near term: the scaling up of the new energy business, further Jio tariff hikes, and a potential Jio IPO. The streamlining of Reliance Retail operations is also expected to maintain healthy growth. JPMorgan noted a sharp 16 percent year-on-year growth in Reliance Retail’s Q4 performance, while Nuvama Institutional Equities projects a significant increase in the new energy segment’s contribution to profits by FY2030.

Motilal Oswal anticipates a strong earnings recovery in the O2C segment driven by improved refining margins, projecting a 13-14 percent CAGR in consolidated EBITDA and PAT over FY25-27. This positive outlook underscores the market’s confidence in Reliance Industries’ future growth trajectory. The article mentions the Traders Gurukul’s BOTS summit, but this event is not directly related to the RIL share price surge. The disclaimer notes that Moneycontrol is part of the Network18 group, controlled by Independent Media Trust, with Reliance Industries as the sole beneficiary.

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