Reliance Q3 Results: Mukesh Ambani Company Earns Consolidated PAT Of Rs 18,540 Crore, Up By 12% QoQ

Billionaire Reliance Industries (RIL) reported a consolidated net profit of Rs 18,540 crore in the third quarter of FY25, registering growth of 7.4% YoY and 11.94% QoQ. The profit was attributable to owners of the company. Further, Reliance recorded 6.97% YoY and 3.56% QoQ growth in consolidated revenue from operations to Rs 2,43,865 crore in the quarter under review.

In the top-line front, the gross revenue of JPL increased 19.2% Y-o-Y due to continuing flow through of tariff revisions for mobility services, and healthy growth in homes and digital services businesses. While Reliance Retail Ventures revenue surged by 8.8% Y-o-Y with growth across consumption baskets driven by festive buying and wedding season.

Further, O2C business revenue bettered by 6% Y-o-Y with higher volumes and increased domestic product placement. Planned shutdown of major units during the same quarter last year impacted volumes. However, Reliance stated that marginally lower KGD6 volumes and fall in price realisations for CBM and condensate led to 5.2% decline in Oil and Gas segment revenue.

Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries Limited said: "The previous month commemorated the 25th anniversary of our Jamnagar refinery. It gives me great pleasure to see Reliance grow exponentially over the years and set new benchmarks that demonstrate the inherent strength and resilience we have across all our businesses. The delivery of record EBITDA and PAT at a consolidated level for this quarter is a testament to this."

Ambani said, "Jio's compelling offering of home broadband services also continued to rapidly gain ground and maintain its pre-eminent market position. It gives me immense joy to see Jio grow and support the expanding technology capabilities of new India. Teams at Jio continue to enhance its offerings, in line with the constantly evolving technology landscape to bring the best-in-class digital experience to all."

He added, retail segment delivered a strong performance, with noteworthy contribution from all formats. The business ably capitalized on the pick-up in consumption amid festive demand during the quarter.

On the O2C business, Ambani said, "O2C business showcased its innate resilience, registering growth even in this prolonged period of volatility in the global energy markets. Refining margins recovered sequentially, with petrochemical deltas exhibiting a mixed trend. Upstream segment continues to play a pivotal role in providing the crucial transition fuel bolstering India's energy security."

Looking ahead, Ambani said, "As we stand at another iconic milestone today, we are geared up for the transformational growth that Reliance is set to experience in the near future."

Reliance announced its Q3 results after market hours. Hence, its stock price will be in focus on Friday, January 17. On Thursday, Reliance stock surged by 1.31% to close at Rs 1268.70 apiece on BSE, with market cap of Rs 17,16,852.15 crore.