Reliance Industries becomes first Indian company to surpass Rs 10 lakh crore net worth; stock up 3%
Shares of Reliance Industries Ltd continued their upward momentum, rising 2.08% to ₹1,327.40 during early trading on April 28, 2025, after the company posted a resilient set of earnings for Q4FY25 and achieved a historic corporate milestone. Reliance has now officially become the first Indian company to record a net worth exceeding ₹10 lakh crore.
In its results announced on Friday, Reliance Industries reported a 2.4% year-on-year (YoY) growth in consolidated net profit attributed to owners at ₹19,407 crore for the quarter ended March 31, 2025, compared to ₹18,951 crore last year. Gross revenue for the quarter surged 8.8% YoY to ₹2,88,138 crore, supported by strong double-digit growth in both the O2C and consumer businesses.
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For the full financial year FY25, Reliance's net profit remained broadly flat at ₹69,648 crore, while annual consolidated revenue reached a record ₹10,71,174 crore, up 7.1% YoY.
Reliance also declared a dividend of ₹5.5 per share (face value ₹10) and approved raising ₹25,000 crore via Non-Convertible Debentures (NCDs).
Key business highlights:
Digital Services (Jio Platforms):
Net profit jumped 25.7% YoY to ₹7,022 crore .
Net subscriber addition of 6.1 million .
ARPU improved to ₹206.2 .
Subscriber base stood at 488.2 million, including 191 million True5G users.
Reliance Retail:
Quarterly revenue grew 15.7% YoY to ₹88,620 crore .
EBITDA rose 14.3% YoY to ₹6,711 crore .
Net profit climbed 29% YoY to ₹3,545 crore.
Oil to Chemicals (O2C):
Revenue increased 15.4% YoY to ₹1,64,613 crore .
EBITDA declined 10% YoY to ₹15,080 crore due to pressure on downstream chemical margins.
Oil & Gas Segment:
Revenue dipped 0.4% YoY to ₹6,440 crore .
EBITDA decreased 8.6% YoY to ₹5,123 crore.
Mukesh Ambani's remarks:
Reliance Chairman and Managing Director Mukesh D. Ambani stated,
'FY2025 has been a challenging year for the global business environment, with weak macro-economic conditions and a shifting geo-political landscape. Despite that, Reliance has delivered a steady financial performance with focus on operational discipline, innovation, and serving India's growth needs.'
'Our Digital Services business achieved record highs, Retail continued its consistent expansion, and the Oil to Chemicals business showed resilience amid global volatility.'
Reliance Industries now proudly stands as the first Indian company to surpass the ₹10 lakh crore net worth mark, cementing its leadership position in India's corporate landscape.
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