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Business Standard
25-04-2025
- Business
- Business Standard
RIL Q4 results: Net profit rises 2.4% to ₹19,407 cr, beats estimates
Beating analyst estimates, oil-retail-telecom conglomerate Reliance Industries (RIL) on Friday reported a 2.4 per cent year-on-year (Y-o-Y) rise in its consolidated net profit (attributable to the owners) at ₹19,407 crore for the fourth quarter of the financial year ended March 2025 (Q4FY25). The performance was driven by its consumer-facing business (retail and telecom), but its oil-to-chemicals (O2C) division remained under pressure. The company also said it had become the first Indian corporate entity to post a net-worth exceeding ₹10 trillion. India's most valuable company posted a 3.6 per cent increase in consolidated profit before interest, depreciation and taxes (PBIDT), at ₹48,737 crore, while revenue for the March quarter climbed 10.5 per cent Y-o-Y to ₹2,61,388 crore. A Bloomberg poll of 11 analysts had pegged consolidated net adjusted income at ₹18,471 crore, with 18 analysts forecasting revenue of ₹2,40,800 crore. Sequentially, RIL's net profit was up 4.7 per cent, with revenue rising 8.9 per cent. 'The financial year 2024-25 had been a challenging year for the global business environment with weak macroeconomic conditions and a shifting geo-political landscape. Our focus on operational discipline, customer-centric innovation, and fulfilling India's growth requirements helped Reliance deliver a steady financial performance during the year,' said Mukesh Ambani, chairman and managing director of RIL in a statement. For the full financial year 2024-25, RIL reported record consolidated revenue of ₹9,64,693 crore, up 7.1 per cent Y-o-Y, aided by strong contributions from its consumer businesses and O2C. Consolidated net profit attributable to owners was largely flat at ₹69,648 crore, compared to ₹69,621 crore in FY24. Ambani said the O2C segment delivered a 'resilient' performance amid significant volatility in global energy markets. 'Significant demand-supply imbalances in downstream chemicals markets have led to multi-year low margins,' he said. 'Our business teams ensured optimisation of integrated operations and feedstock costs to enhance margin capture across value chains. The oil & gas business recorded its highest ever annual Ebitda (earnings before interest, taxes, depreciation, and amortisation) led by higher production from our KGD6 and CBM blocks.' In the retail segment, Reliance Retail Ventures Ltd reported a 30.4 per cent jump in net profit at ₹3,519 crore for the January–March quarter, with Ebitda from operations rising 14.6 per cent to ₹6,510 crore. Revenue from operations stood at ₹78,622 crore, up 16.3 per cent Y-o-Y, while gross revenue climbed 15.7 per cent to ₹88,620 crore. Sequentially, revenue from operations dipped 1.2 per cent, though net profit inched up by 1 per cent. The company opened 1,085 new outlets during the quarter, taking its total store count to 19,340 across 77.4 million sq ft of retail space. Gross revenue from Reliance Retail in FY25 was ₹3,30,870 crore, up 7.9 per cent from the previous year. Depreciation for the March quarter was down 3.4 per cent Y-o-Y at ₹1,402 crore, while finance costs remained largely flat. The business continued to expand its digital and new commerce platforms, which now account for 18 per cent of total revenue. Jio Platforms Ltd (JPL), the holding company for Reliance Jio and other digital assets, posted a 25.8 per cent Y-o-Y rise in net profit at ₹7,023 crore for Q4FY25, driven by higher telecom tariffs introduced in July. Sequentially, net profit rose 2.4 per cent. Jio maintained momentum in net profit growth, building on gains of 26 per cent, 23.4 per cent, 11.7 per cent and 12 per cent across the previous four quarters. Average Revenue Per User (Arpu) per month rose to ₹206.2 in Q4, up from ₹203.3 in the preceding quarter. Arpu in Q2 had reversed a four-month slump by rising to ₹191.5. Year-on-year, Arpu in Q4 was up 13.4 per cent. Ambani said the retail segment had demonstrated consistent growth through the year. 'In FY25, the business focused on a strategic recalibration of our store network, aimed at improving operational efficiencies and long-term sustainability,' he said. 'Our enhanced product catalogue and user experience across all formats strengthened customer engagement. The quick hyperlocal deliveries initiative has also gained significant traction in the market, connecting strongly with the users.' The RIL's chairman and managing director further said the digital services arm had achieved record revenues and profits, supported by a growing subscriber base and improved user engagement. 'Strong adoption of our 5G services and our home broadband offerings continues with accelerated addition in subscribers and in the number of home-connects,' he said. About the conglomerate's new business, Ambani said that during FY25, RIL laid a strong foundation for 'our projects in renewable energy and battery operations'. 'In the coming quarters, we will see the transition of this business from incubation to operationalisation,' he added RIL's net debt as of March 2025 was recorded at ₹1,17,083 crore, marginally higher than ₹1,16,281 crore a year ago. Net debt-to-Ebitda stayed steady at 0.60 times Y-o-Y. Capital expenditure also continued at a steady rate of ₹36,041 crore for the reporting quarter. Finance costs increased by 6.8 per cent Y-o-Y to ₹6,155 crore but a tad lower sequentially. The conglomerate's O2C business posted a 15.4 per cent Y-o-Y rise in segment revenue at ₹164,613 crore, but Ebitda for the segment was down 10 per cent Y-o-Y at ₹15,080 crore.
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Business Standard
25-04-2025
- Business
- Business Standard
Reliance Q4 results: Net profit up 2.4% at ₹19,407 cr, beats estimates
Beating analyst estimates, oil-retail-telecom conglomerate Reliance Industries (RIL) on Friday reported a 2.4 per cent year-on-year (Y-o-Y) rise in its consolidated net profit (attributable to the owners) at ₹19,407 crore for the fourth quarter of the financial year ended March 2025 (Q4FY25). The performance was driven by its consumer-facing business (retail and telecom), but its oil-to-chemicals (O2C) division remained under pressure. The company also said it had become the first Indian corporate entity to post a net-worth exceeding ₹10 trillion. India's most valuable company posted a 3.6 per cent increase in consolidated profit before interest, depreciation and taxes (PBIDT), at ₹48,737 crore, while revenue for the March quarter climbed 10.5 per cent Y-o-Y to ₹2,61,388 crore. A Bloomberg poll of 11 analysts had pegged consolidated net adjusted income at ₹18,471 crore, with 18 analysts forecasting revenue of ₹2,40,800 crore. Sequentially, RIL's net profit was up 4.7 per cent, with revenue rising 8.9 per cent. On a standalone basis, which primarily reflects the Mukesh Ambani-led firm's O2C operations, net profit was down 0.6 per cent Y-o-Y at ₹11,217 crore, while revenue slipped 9.4 per cent to ₹1,32,962 crore in the period under review. 'The financial year 2024-25 had been a challenging year for the global business environment with weak macroeconomic conditions and a shifting geo-political landscape. Our focus on operational discipline, customer-centric innovation, and fulfilling India's growth requirements helped Reliance deliver a steady financial performance during the year,' said Mukesh Ambani, chairman and managing director of RIL in a statement. For the full financial year 2024-25, RIL reported record consolidated revenue of ₹9,64,693 crore, up 7.1 per cent Y-o-Y, aided by strong contributions from its consumer businesses and O2C. Consolidated net profit attributable to owners was largely flat at ₹69,648 crore, compared to ₹69,621 crore in FY24. Ambani said the O2C segment delivered a 'resilient' performance amid significant volatility in global energy markets. 'Significant demand-supply imbalances in downstream chemicals markets have led to multi-year low margins,' he said. 'Our business teams ensured optimisation of integrated operations and feedstock costs to enhance margin capture across value chains. The oil & gas business recorded its highest ever annual Ebitda (earnings before interest, taxes, depreciation, and amortisation) led by higher production from our KGD6 and CBM blocks.' In the retail segment, Reliance Retail Ventures Ltd reported a 30.4 per cent jump in net profit at ₹3,519 crore for the January–March quarter, with Ebitda from operations rising 14.6 per cent to ₹6,510 crore. Revenue from operations stood at ₹78,622 crore, up 16.3 per cent Y-o-Y, while gross revenue climbed 15.7 per cent to ₹88,620 crore. Sequentially, revenue from operations dipped 1.2 per cent, though net profit inched up by 1 per cent. The company opened 1,085 new outlets during the quarter, taking its total store count to 19,340 across 77.4 million sq ft of retail space. Gross revenue from Reliance Retail in FY25 was ₹3,30,870 crore, up 7.9 per cent from the previous year. Depreciation for the March quarter was down 3.4 per cent Y-o-Y at ₹1,402 crore, while finance costs remained largely flat. The business continued to expand its digital and new commerce platforms, which now account for 18 per cent of total revenue. Jio Platforms Ltd (JPL), the holding company for Reliance Jio and other digital assets, posted a 25.8 per cent Y-o-Y rise in net profit at ₹7,023 crore for Q4FY25, driven by higher telecom tariffs introduced in July. Sequentially, net profit rose 2.4 per cent. Jio maintained momentum in net profit growth, building on gains of 26 per cent, 23.4 per cent, 11.7 per cent and 12 per cent across the previous four quarters. Average Revenue Per User (Arpu) per month rose to ₹206.2 in Q4, up from ₹203.3 in the preceding quarter. Arpu in Q2 had reversed a four-month slump by rising to ₹191.5. Year-on-year, Arpu in Q4 was up 13.4 per cent. Ambani said the retail segment had demonstrated consistent growth through the year. 'In FY25, the business focused on a strategic recalibration of our store network, aimed at improving operational efficiencies and long-term sustainability,' he said. 'Our enhanced product catalogue and user experience across all formats strengthened customer engagement. The quick hyperlocal deliveries initiative has also gained significant traction in the market, connecting strongly with the users.' The RIL's chairman and managing director further said the digital services arm had achieved record revenues and profits, supported by a growing subscriber base and improved user engagement. 'Strong adoption of our 5G services and our home broadband offerings continues with accelerated addition in subscribers and in the number of home-connects,' he said. About the conglomerate's new business, Ambani said that during FY25, RIL laid a strong foundation for 'our projects in renewable energy and battery operations'. 'In the coming quarters, we will see the transition of this business from incubation to operationalisation,' he added RIL's net debt as of March 2025 was recorded at ₹1,17,083 crore, marginally higher than ₹1,16,281 crore a year ago. Net debt-to-Ebitda stayed steady at 0.60 times Y-o-Y. Capital expenditure also continued at a steady rate of ₹36,041 crore for the reporting quarter. Finance costs increased by 6.8 per cent Y-o-Y to ₹6,155 crore but a tad lower sequentially. The conglomerate's O2C business posted a 15.4 per cent Y-o-Y rise in segment revenue at ₹164,613 crore, but Ebitda for the segment was down 10 per cent Y-o-Y at ₹15,080 crore. Ahead of the Q4 results that were announced post-market hours, shares of RIL closed at ₹1,300.05 apiece (down 0.12 per cent) on the BSE on Friday; the Sensex was down 0.74 per cent at 79,212.53.
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Business Standard
25-04-2025
- Business
- Business Standard
Reliance Q4 results: Net profit rises 2.4%, declares ₹5.5 dividend
The company has announced a dividend of Rs 5.5 per equity share for FY25 Prateek Shukla New Delhi Mukesh Ambani-led Reliance Industries (RIL) on Friday reported a consolidated net profit of Rs 19,407 crore for the quarter ended March (Q4FY25). This was up nearly 2.4 per cent year-on-year (Y-o-Y) from Rs 18,951 crore. The company has announced a dividend of Rs 5.5 per equity share for FY25. Profit was also up sequentially from Rs 18,540 crore in the October–December quarter. The company's revenue from operations rose to Rs 2.6 trillion from Rs 2.4 trillion recorded in January–March 2024. Besides, RIL has also approved a plan to raise funds through the issuance of listed, secured/unsecured, redeemable non-convertible debentures up to Rs 25,000 crore in one or more tranches on private placement basis. On Friday (April 25), Reliance Industries stock was down 0.12 per cent to Rs 1,300.05 apiece on the Bombay Stock Exchange (BSE). The benchmark Sensex ended 0.74 per cent lower at 79,212.53 points. For the third quarter of FY25, Reliance Industries had reported a consolidated revenue of Rs 2.4 trillion, up 6.7 per cent year-on-year. Its net profit rose to Rs 18,540 crore, reflecting a 7 per cent increase from the previous year. Our focus on operational discipline: Mukesh Ambani "FY2025 has been a challenging year for the global business environment, with weak macro-economic conditions and a shifting geo-political landscape. Our focus on operational discipline, customer-centric innovation and fulfilling India's growth requirements has helped Reliance deliver a steady financial performance during the year," said RIL Chairman Mukesh Ambani in an official statement. Significantly, Reliance Industries reported a 15.4 per cent Y-o-Y rise in revenue for its oil to chemicals (O2C) segment at Rs 1.65 trillion. The segment also saw the highest ever annual total throughput at 80.5 MMT. "The Oil to Chemicals business posted a resilient performance despite considerable volatility in energy markets. Significant demand-supply imbalances in downstream chemicals markets have led to multi-year low margins. Our business teams ensured optimization of integrated operations and feedstock costs to enhance margin capture across value chains. The Oil & Gas business recorded its highest ever annual EBITDA led by higher production from our KGD6 and CBM blocks," the statement added. Reliance Jio continues to drive consistent outperformance: Akash Ambani Reliance Jio's average revenue per user (ARPU) rose to Rs 206.2 in March quarter as against Rs 203.3 in the previous quarter. "Jio continues to drive consistent outperformance in customer engagement with best-in-the-world network technologies and a wide bouquet of digital services for all Indians. Jio is proud to have served millions of users at world's largest congregation of people, the Mahakumbh mela where its network scalability and flexibility was well demonstrated. Jio is working on enabling large scale AI infrastructure and services that will add an intelligence layer to all Jio services," said Akash Ambani, Chairman of Reliance Jio Infocomm, in a statement. Reliance Retail delivered strong growth: Isha Ambani In the fourth quarter of FY25, Reliance Retail reported a 2.4x quarter-on-quarter increase in daily gross orders from quick commerce. Its Consumer Brands division emerged as India's fastest-growing FMCG player, recording approximately Rs 11,450 crore in sales in just its second year. The registered customer base rose 14.8 per cent year-on-year to 349 million, while total transactions grew 10.6 per cent Y-o-Y to 1.39 billion. Similarly, Reliance Retail expanded its presence by adding 2,659 new outlets during the year. After rationalisation, the total number of stores stood at 19,340, covering 77.4 million square feet. JioMart leveraged this extensive network to boost its quick, hyperlocal delivery services. ALSO READ | Isha Ambani, Executive Director, Reliance Retail Ventures Limited, said, 'Reliance Retail delivered strong growth in revenue and profits, powered by improved efficiencies, innovative formats, a sharper product mix, and continued investments in technology and customer experience. We remain focused on shaping the future of retail with agility and purpose.'
Business Upturn
25-04-2025
- Business
- Business Upturn
Reliance Q4FY25 Results: Oil and Gas business takes hit, margin and revenue down YoY
Reliance Industries Limited (RIL) reported muted performance in its Oil & Gas segment for the fourth quarter of FY25. The revenue stood at ₹6,440 crore, showing a marginal year-on-year decline of 0.43% compared to ₹6,468 crore in Q4 FY24. EBITDA for the segment dropped 8.61% YoY, falling to ₹5,123 crore from ₹5,606 crore in the same quarter last year. The operating margin also contracted to 79.5%, down from 86.7% in Q4 FY24 and 87.4% in Q3 FY25, reflecting reduced operating leverage and higher cost pressures. The Oil & Gas business remains a key contributor to RIL's portfolio, but the Q4 FY25 performance highlights challenges in maintaining profitability amidst fluctuating energy market dynamics. Commenting on the Oil & Gas performance, Mukesh D. Ambani, Chairman and Managing Director of Reliance Industries Limited, stated: 'FY2025 has been a challenging year for the global business environment, with weak macro-economic conditions and a shifting geo-political landscape. Despite these challenges, the Oil & Gas business recorded its highest ever annual EBITDA, driven by higher production from our KGD6 and CBM blocks.' He added, 'The business faced considerable volatility in energy markets, leading to significant demand-supply imbalances in downstream chemicals markets, which resulted in multi-year low margins. However, our teams focused on optimization of integrated operations and feedstock costs to enhance margin capture across value chains.' Overall, the company reported a consolidated net profit of ₹19,407 crore in Q4 FY25, up 2.41% from ₹18,951 crore in Q4 FY24. Revenue stood at ₹2.61 lakh crore, marking a 10.59% year-on-year increase from ₹2.36 lakh crore. EBITDA came in at ₹43,832 crore, rising 3.09% from ₹42,516 crore a year ago. However, EBITDA margin dropped to 16.8%, compared to 18% in the same period last year and 18.25% in the previous quarter. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Economic Times
25-04-2025
- Business
- Economic Times
Demand-supply imbalances, weakness in transportation fuel cracks impacted O2C segment: Mukesh Ambani
Mukesh Ambani-led Reliance posting a 2% YoY rise in profit saw its oil-to-chemicals segment results were impacted due to significant weakness in transportation fuel cracks, the company said."Significant demand-supply imbalances in downstream chemicals markets have led to multi-year low margins," said Mukesh Ambani. "The Oil to Chemicals business posted a resilient performance despite considerable volatility in energy markets. Significant demand-supply imbalances in downstream chemicals markets have led to multi-year low margins. Our business teams ensured optimization of integrated operations and feedstock costs to enhance margin capture across value chains. The Oil & Gas business recorded its highest ever annual EBITDA led by higher production from our KGD6 and CBM blocks," said Mukesh Ambani. Oil and Gas segment revenue decreased by 0.4% due to lower gas production and lower oil offtake from KGD6, partly offset with higher gas price realisation in KGD6 Field and higher CBM production. Reliance Industries Ltd on Friday reported a 2.4 per cent rise in its March quarter net profit, as its retail business rebounded and oil business defied global downtrend. Consolidated net profit of Rs 19,407 crore, or Rs 14.34 per share, in January-March - the fourth quarter of April 2024 to March 2025 fiscal (FY25) - was compared to Rs 18,951 crore, or Rs 14 a share, in the same period a year back, according to a stock exchange filing by the company. Profit was also up sequentially from Rs 18,540 crore in the October-December company's revenue from operations rose to Rs 2.6 lakh crore from Rs 2.4 lakh crore recorded in January-March 2024.
