Reliance Industries Q4 Results: Profit Rises 2% YoY to ₹19,407 Crore, Beats Estimates and Stock Performance
Business and Industry Overview:
Reliance Industries Limited (RIL) is India’s biggest private company. Its head office is in Mumbai. Dhirubhai Ambani started the company in 1966. It first made textiles. Now, it works in many areas like energy, petrochemicals, retail, telecom, and media. RIL runs the world’s biggest oil refinery in Jamnagar, Gujarat. It is also putting a lot of money into clean energy. It wants to have net-zero carbon emissions by 2035. Reliance Retail is the largest shop network in India. Its telecom company, Jio, changed the internet market by giving cheap data. RIL owns parts of media companies like Network18 and Viacom18. In 2024, it made a big deal with Disney India to grow in the streaming business. Mukesh Ambani leads RIL now. In 2023-24, the company earned ₹9.01 trillion. More than 389,000 people work for RIL. It is listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). RIL is also working a lot on green energy. It is investing money in solar and hydrogen projects. Reliance Industries is very important for India’s economy. It also wants to grow more around the world.
Latest Stock News:
Reliance Industries announced its results for the fourth quarter of the year ending March 31, 2025. The company made a net profit of ₹22,434 crore, which is 6% more than last year. Its revenue was ₹2,64,573 crore, about 10% higher than the previous year. EBITDA was ₹48,737 crore, growing by 3.6%. The EBITDA margin was 16.9%, which is a little lower than last year’s 17.8%. The company also said it will give a dividend of ₹5.50 per share. The stock price closed at ₹1,300.05 on April 25, 2025, falling slightly by 0.12% from the day before. The highest price in the last year was ₹1,608.95 on July 8, 2024. The stock is now about 19.2% lower than that high. Jio Platforms saw its revenue grow 16.9% because of more users and higher average revenue per user. Reliance Retail made ₹88,637 crore with a steady margin of 7.6%. The Oil-to-Chemicals business also grew revenue but had lower margins of 9.2% because of tough global conditions. Analysts said if the stock closes above ₹1,330, it can rise more towards ₹1,425. CLSA has an ‘Outperform’ rating and a target price of ₹1,650, showing a possible 30% rise this year.
Segmental information:
1. Oil-to-Chemicals (O2C): Reliance’s Oil-to-Chemicals business earned ₹1,64,613 crore in the fourth quarter of FY25. This is 15.4% more than last year. But EBITDA fell by 10% to ₹15,080 crore. The fall happened because the company made less money from transport fuels and chemicals. Even though sales were good, the profits were lower.
2. Digital Services (Jio Platforms): Jio Platforms, which includes Jio telecom and digital services, made ₹33,986 crore in Q4 FY25. This is 18% higher than last year. EBITDA also grew 18%. This happened because Jio charged a little more and more people used their services. Jio added 6.1 million new customers this quarter. The company’s average money earned per user also grew by 13.5%.
3. Retail: Reliance Retail earned ₹88,620 crore in Q4 FY25. This is 16% more than last year. EBITDA went up by 14% because the company worked better and sold better products. Reliance opened 2,659 new stores this quarter. Now, it has 19,340 stores in India. All the stores together cover 77.4 million square feet.
4. Oil and Gas Exploration: Reliance’s Oil and Gas business earned ₹6,440 crore in Q4 FY25. Revenue went down by 0.4% compared to last year. EBITDA also dropped by 8.6% to ₹5,123 crore. This fall happened because the company produced less gas and had to spend more money on maintenance work.
Subsidiary information:
1. Jio Platforms Limited Jio Platforms provides telecom services like JioPhone, JioFiber, JioTV, and JioCinema. It is a big digital and telecom company in India. Jio also has branches in the USA and UK.
2. Reliance Retail Limited Reliance Retail is the biggest retail company in India. It owns stores like Reliance Fresh, Reliance Digital, AJIO, and JioMart. It also owns brands like Hamleys and Urban Ladder. The company is growing by opening many new stores.
3. Reliance Life Sciences Reliance Life Sciences works with biotechnology. It makes medicines and helps with research and treatments. It also stores umbilical cord blood through a service called Relicord.
4. Reliance Industrial Infrastructure Limited (RIIL) RIIL builds and runs pipelines to transport oil and gas. It also works with computer software and data services.
5. Network18 Media & Investments Limited Network18 is a media company. It owns TV channels like CNN-News18 and News18 India. It also owns JioCinema and Hotstar. In 2024, it merged with Disney’s media assets.
6. Reliance Logistics Reliance Logistics handles transportation and storage services. It helps Reliance and other businesses in India.
7. Reliance Solar Reliance Solar works with solar energy. It provides solar-powered products like lights and water systems. It mainly helps people in rural areas.
8. Reliance Eros Productions LLP Reliance Eros Productions is a company that makes movies in India. It is a partnership between Reliance and Eros International.
9. Indiawin Sports Pvt. Ltd. Indiawin Sports owns the Mumbai Indians cricket team, which plays in the IPL. It also owns cricket teams in other leagues, like MI Cape Town and MI New York.
Q4 Highlights:
- Net Profit (Attributable): ₹19,407 crore, a 2.4% increase compared to last year. Pre-minority net profit increased to ₹22,611 crore. Profit before tax rose by 5% to ₹29,103 crore.
- Revenue: ₹2.88 lakh crore, an 8.8% increase, driven by growth in digital services, retail, and oil-to-chemicals.
- EBITDA: ₹48,737 crore, a 3.6% rise, setting a new record for the company.
- Capital Expenditure: ₹36,041 crore, fully covered by cash generation of nearly ₹40,000 crore, keeping net debt steady at ₹1.17 lakh crore.
Financial Summary:
| Amount in ₹ Crore | Q4 FY24 | Q4 FY25 | FY24 | FY25 |
| Revenue | 236,533 | 261,388 | 899,041 | 964,693 |
| Expenses | 194,017 | 217,556 | 736,543 | 799,249 |
| EBITDA | 42,516 | 43,832 | 162,498 | 165,444 |
| OPM | 17% | 17% | 18% | 17% |
| Other Income | 3,983 | 4,905 | 16,179 | 17,978 |
| Net Profit | 21,243.00 | 22,611 | 79,020 | 81,309 |
| NPM | 8.98 | 8.65 | 8.79 | 8.43 |
| EPS | 14.01 | 14.34 | 51.45 | 51.47 |