Latest news with #MukeshD.Ambani
Business Standard
28-04-2025
- Business
- Business Standard
RIL spurts after strong Q4 numbers
Reliance Industries (RIL) soared 4.65% to Rs 1360.50 after the Mukesh Ambani-led index heavyweight reported strong earnings for the fiscal quarter ended 31 March 2025. RIL's consolidated profit after tax and share of profit/(loss) of associates & JVs increased by 6.4% year-on-year to Rs 22,611 crore in Q4 March 2025 over Q4 March 2024. During the quarter, RIL's gross revenue increased by 8.8% Y-o-Y to Rs 288,138 crore, while EBITDA increased by 3.6% Y-o-Y to Rs 48,737 crore. EBITDA margin contracted by 90 basis points Y-o-Y and by 1.1% quarter-on-quarter to 16.9%. RIL is the first Indian company to cross total equity of over Rs 10 lakh crore. Finance costs increased by 6.8% Y-o-Y to Rs 6,155 crore, primarily due to higher average liability balances. Net debt increased to Rs 117,083 crore in Q4FY25 as against Rs 115,465 crore in Q3FY25 and Rs 116,281 crore in Q4FY24. Annually, RIL's profit after tax and share of profit/(loss) of associates & JVs increased by 2.9% Y-o-Y to Rs 81,309 crore while gross revenue increased by 7.1% Y-o-Y to Rs 1,071,174 crore. EBITDA increased by 2.9% Y-o-Y to Rs 183,422 crore. EBITDA margin contracted by 70 basis points Y-o-Y to 17.1% in FY25. Commenting on the results, Mukesh D. Ambani, chairman and managing director, RIL said: "FY2025 has been a challenging year for the global business environment, with weak macro-economic conditions and a shifting geo-political landscape. 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 Retail segment also delivered consistent growth. In FY25, the business focused on a strategic recalibration of our store network, aimed at improving operational efficiencies and long-term sustainability. 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. Our suite of omni-channel offerings and wide-spread presence will enable Reliance Retail to continue delivering superior value to all its customers. Our Digital Services business achieved record revenue and profit numbers. Steady increase in subscriber base, with an improving mix and increasing user engagement metrics boosted earnings. Strong adoption of our 5G services and our home broadband offerings continues with accelerated addition in subscribers and in the number of home-connects. During FY25, we have 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 operationalization." Jio Platforms ("JPL"): Quarterly revenue stood at Rs 39,853 crore , up 17.8% y-o-y, while quarterly EBITDA was at Rs 17,016 crore , up 18.5% y-o-y. EBITDA growth was driven by healthy revenue growth and margin improvement. Total subscriber base was over 488 million as of March 2025, including 191 million True 5G subscribers. 5G adoption and home scale up drove data traffic to ~185 exabytes in FY25, up 24% y-o-y. ARPU improved to Rs 206.2 in Q4 FY25 as against Rs 203.3 in Q3 FY25 and Rs 181.7 in Q4 FY24, with continued impact of the tariff hike and better subscriber mix partly impacted by lower number of days in the quarter. Reliance Retail Ventures ("RRVL"): Quarterly revenue stood at Rs 88,620 crore, up 15.7% Y-o-Y, while quarterly EBITDA was at Rs 6,711 crore, up 14.3% Y-o-Y. EBITDA margin were at 8.5% in Q4 FY25, as against 8.6% in Q3 FY25 and 8.7% in Q4 FY24. Business opened 1,085 new stores during the quarter. Total transactions recorded were at 361 million, up 16.1% Y-o-Y. JioMart continued to scale up as a horizontal platform designed to meet diverse customer needs through quick hyper-local deliveries, scheduled deliveries, and daily subscription services. Average daily orders increased by 62% Y-o-Y. Quick hyper local deliveries continued to accelerate and operations scaled to 4,000+ pin codes across 2,100+ stores. The platform continued to expand its offerings led by product options growing by 10% Y-o-Y and the seller base growing by 20% Y-o-Y. Isha M. Ambani, executive director, Reliance Retail Ventures, 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." Oil to Chemicals ("O2C") Segment: Segment revenue for Q4 FY25 increased by 15.4% Y-o-Y to Rs 164, 613 crore due to higher volumes and increased domestic product placement. Segment EBITDA for Q4 FY25 decreased by 10.0% Y-o-Y to Rs 15,080 crore due to sharp fall in transportation fuel cracks and lower polyester chain margins partially offset by higher volume, feedstock cost optimization and higher PP and PVC delta. Total throughput was higher at 20.3 MMT in Q4 FY25 as against 20.2 MMT in Q3 FY25 and 19.8 MMT in Q4 FY24. Oil And Gas (Exploration and Production) Segment: Q4 FY25 revenue fell by 0.4% Y-o-Y to Rs 6,440 crore mainly on account of lower gas production and lower oil offtake from KGD6, partly offset with improved KGD6 gas price realisation and higher CBM production. The average price realized for KGD6 gas was $10.09/MMBTU in 4Q FY25 vis-vis $9.53/MMBTU in Q4 FY24. The average price realised for CBM gas was $10.36/MMBTU in 4Q FY25 vis-vis $14.34/MMBTU in 4Q FY24. EBITDA declined 8.6% to Rs 5,123 crore on Y-o-Y basis following higher operating cost due to one-time maintenance activity and a natural decline in KGD6 volumes. Jiostar Business: In FY25, JioStar reported revenues of Rs 10,006 crore with EBITDA (including other income) of Rs 774 crore (since merger from 14 November 2024). The launch of JioHotstar on 14th February created the biggest OTT platform in the country. Within five weeks of launch, JioHotstar crossed 100 million paid users. JioStar TV network occupied 34% market share across TV entertainment and reached over 760 million monthly viewers across the country Meanwhile, RIL's board approved raising up to Rs 25,000 crore through issuance of listed, secured/unsecured, redeemable non-convertible debentures, in one or more tranches, on private placement basis. It also recommended a dividend of Rs 5.50 per equity share for the financial year ended 31 March 2025. Further, the board approved acquisition of 100% equity stake of Kandla GHA Transmission Limited ("KGTL"), from PFC Consulting Limited ("PFCCL"), for an aggregate consideration not exceeding Rs 20 crore. This is in accordance with the terms of the tender awarded to the company, for establishment of turnkey construction of 765/400kV GIS substation at Kandla including transformers and reactors, 765kV transmission lines between Halvad and Kandla, 765kV Bay extension at Halvad and STATCOM. Post acquisition, KGTL will become a wholly owned subsidiary of the company. KGTL was incorporated in India on 27 November 2024 and is yet to commence commercial operations. The said investment will enable the company to execute the Independent Transmission Project (ITP) "Transmission System for Supply of Power to Green Hydrogen / Ammonia manufacturing potential in Kandla area of Gujarat (Phase-I: 3 GW)". RIL is India's largest private sector company. Its activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, advanced materials and composites, renewables (solar and hydrogen), retail and digital services.
Business Upturn
28-04-2025
- Business
- Business Upturn
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. Advertisement 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.
Business Standard
26-04-2025
- Business
- Business Standard
RIL Q4 PAT rises 6.4% YoY
Reliance Industries (RIL)'s consolidated profit after tax and share of profit/(loss) of associates & JVs increased by 6.4% year-on-year to Rs 22,611 crore in Q4 March 2025 over Q4 March 2024. During the quarter, RIL's gross revenue increased by 8.8% Y-o-Y to Rs 288,138 crore, while EBITDA increased by 3.6% Y-o-Y to Rs 48,737 crore. EBITDA margin contracted by 90 basis points Y-o-Y and by 1.1% quarter-on-quarter to 16.9%. Finance costs increased by 6.8% Y-o-Y to Rs 6,155 crore, primarily due to higher average liability balances. Net debt increased to Rs 117,083 crore in Q4FY25 as against Rs 115,465 crore in Q3FY25 and Rs 116,281 crore in Q4FY24. Annually, RIL's profit after tax and share of profit/(loss) of associates & JVs increased by 2.9% Y-o-Y to Rs 81,309 crore while gross revenue increased by 7.1% Y-o-Y to Rs 1,071,174 crore. EBITDA increased by 2.9% Y-o-Y to Rs 183,422 crore. EBITDA margin contracted by 70 basis points Y-o-Y to 17.1% in FY25. Commenting on the results, Mukesh D. Ambani, chairman and managing director, RIL said: "FY2025 has been a challenging year for the global business environment, with weak macro-economic conditions and a shifting geo-political landscape. 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 Retail segment also delivered consistent growth. In FY25, the business focused on a strategic recalibration of our store network, aimed at improving operational efficiencies and long-term sustainability. 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. Our suite of omni-channel offerings and wide-spread presence will enable Reliance Retail to continue delivering superior value to all its customers. Our Digital Services business achieved record revenue and profit numbers. Steady increase in subscriber base, with an improving mix and increasing user engagement metrics boosted earnings. Strong adoption of our 5G services and our home broadband offerings continues with accelerated addition in subscribers and in the number of home-connects. During FY25, we have 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 operationalization." Jio Platforms ("JPL"): Quarterly revenue stood at Rs 39,853 crore , up 17.8% y-o-y, while quarterly EBITDA was at Rs 17,016 crore , up 18.5% y-o-y. EBITDA growth was driven by healthy revenue growth and margin improvement. Total subscriber base was over 488 million as of March 2025, including 191 million True 5G subscribers. 5G adoption and home scale up drove data traffic to ~185 exabytes in FY25, up 24% y-o-y. ARPU improved to Rs 206.2 in Q4 FY25 as against Rs 203.3 in Q3 FY25 and Rs 181.7 in Q4 FY24, with continued impact of the tariff hike and better subscriber mix partly impacted by lower number of days in the quarter. Reliance Retail Ventures ("RRVL"): Quarterly revenue stood at Rs 88,620 crore, up 15.7% Y-o-Y, while quarterly EBITDA was at Rs 6,711 crore, up 14.3% Y-o-Y. EBITDA margin were at 8.5% in Q4 FY25, as against 8.6% in Q3 FY25 and 8.7% in Q4 FY24. Business opened 1,085 new stores during the quarter. Total transactions recorded were at 361 million, up 16.1% Y-o-Y. JioMart continued to scale up as a horizontal platform designed to meet diverse customer needs through quick hyper-local deliveries, scheduled deliveries, and daily subscription services. Average daily orders increased by 62% Y-o-Y. Quick hyper local deliveries continued to accelerate and operations scaled to 4,000+ pin codes across 2,100+ stores. The platform continued to expand its offerings led by product options growing by 10% Y-o-Y and the seller base growing by 20% Y-o-Y. Isha M. Ambani, executive director, Reliance Retail Ventures, 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." Oil to Chemicals ("O2C") Segment: Segment revenue for Q4 FY25 increased by 15.4% Y-o-Y to Rs 164, 613 crore due to higher volumes and increased domestic product placement. Segment EBITDA for Q4 FY25 decreased by 10.0% Y-o-Y to Rs 15,080 crore due to sharp fall in transportation fuel cracks and lower polyester chain margins partially offset by higher volume, feedstock cost optimization and higher PP and PVC delta. Total throughput was higher at 20.3 MMT in Q4 FY25 as against 20.2 MMT in Q3 FY25 and 19.8 MMT in Q4 FY24. Oil And Gas (Exploration and Production) Segment: Q4 FY25 revenue fell by 0.4% Y-o-Y to Rs 6,440 crore mainly on account of lower gas production and lower oil offtake from KGD6, partly offset with improved KGD6 gas price realisation and higher CBM production. The average price realized for KGD6 gas was $10.09/MMBTU in 4Q FY25 vis-vis $9.53/MMBTU in Q4 FY24. The average price realised for CBM gas was $10.36/MMBTU in 4Q FY25 vis-vis $14.34/MMBTU in 4Q FY24. EBITDA declined 8.6% to Rs 5,123 crore on Y-o-Y basis following higher operating cost due to one-time maintenance activity and a natural decline in KGD6 volumes. Jiostar Business: In FY25, JioStar reported revenues of Rs 10,006 crore with EBITDA (including other income) of Rs 774 crore (since merger from 14 November 2024). The launch of JioHotstar on 14th February created the biggest OTT platform in the country. Within five weeks of launch, JioHotstar crossed 100 million paid users. JioStar TV network occupied 34% market share across TV entertainment and reached over 760 million monthly viewers across the country Meanwhile, RIL's board approved raising up to Rs 25,000 crore through issuance of listed, secured/unsecured, redeemable non-convertible debentures, in one or more tranches, on private placement basis. It also recommended a dividend of Rs 5.50 per equity share for the financial year ended 31 March 2025. Further, the board approved acquisition of 100% equity stake of Kandla GHA Transmission Limited ("KGTL"), from PFC Consulting Limited ("PFCCL"), for an aggregate consideration not exceeding Rs 20 crore. This is in accordance with the terms of the tender awarded to the company, for establishment of turnkey construction of 765/400kV GIS substation at Kandla including transformers and reactors, 765kV transmission lines between Halvad and Kandla, 765kV Bay extension at Halvad and STATCOM. Post acquisition, KGTL will become a wholly owned subsidiary of the company. KGTL was incorporated in India on 27 November 2024 and is yet to commence commercial operations. The said investment will enable the company to execute the Independent Transmission Project (ITP) "Transmission System for Supply of Power to Green Hydrogen / Ammonia manufacturing potential in Kandla area of Gujarat (Phase-I: 3 GW)". RIL is India's largest private sector company. Its activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, advanced materials and composites, renewables (solar and hydrogen), retail and digital services.
Indian Express
25-04-2025
- Business
- Indian Express
RIL Q4 result: Reliance Industries' net profit rises by 6.4% YoY to Rs 22,611 crore, announces dividend
Despite a challenging global business environment, Reliance Industries Ltd (RIL) on Friday reported a 6.4 per cent rise in consolidated net profit at Rs 22,611 crore for the quarter ended March 2025 as against Rs 21,243 crore in the same period of last year. The net profit attributable to the owners of the company was at Rs 19,407 crore for the March quarter as against Rs 18,951 crore a year ago, showing a rise of 2.40 per cent. RIL dividend 2025 and net worth RIL's board of directors also declared a dividend of Rs 5.5 per share for the year. The FY25 revenue of the company was Rs 10.71 lakh crore and profit rose 2.9 per cent at Rs 81,309 crore. RIL has also become the first company to have a net worth of over Rs 10 lakh crore. Jio Platform Ltd, the digital arm of RIL, posted a 25.7 per cent rise in net profit at Rs 7,022 crore for the March quarter. Revenue increased by 17.8 per cent to Rs 39,853 crore for the fourth quarter. Reliance Retail Ventures Ltd (RRVL) reported a 29.1 per cent rise in net profit at Rs 3,545 crore for the March quarter and posted a 15.7 per cent increase in revenue at Rs 88,620 crore. RIL Chairman and MD, Mukesh D. Ambani, said FY25 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,' he said. '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 optimisation of integrated operations and feedstock costs to enhance margin capture across value chains,' Ambani said. RIL's oil & gas business recorded its highest ever annual EBITDA led by higher production from our KGD6 and CBM blocks. The retail segment also delivered consistent growth. 'In FY25, the business focused on a strategic recalibration of our store network, aimed at improving operational efficiencies and long-term sustainability. The enhanced product catalogue and user experience across all formats, strengthened customer engagement,' Ambani said. Focus on AI and renewable energy Ambani said Jio continues to invest in innovation, focusing on AI capabilities and next generation technologies, which will shape India's digital future. 'During FY25, we have 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. I firmly believe that the new energy growth engine will create significant value for Reliance, for India and for the world,' he said.
The Hindu
25-04-2025
- Business
- The Hindu
RIL Q4 net profit rises 2.4% to ₹19,407 crore, board approves dividend of ₹5.5 per share, to raise ₹25,000 crore
Reliance Industries Ltd, India's most valuable company for the 4th quarter ended March 31, 2025 reported 2.4% growth in consolidated net profit (attributed to owners of the company) at ₹19,407 crore as compared with ₹18,951 crore in the year ago period. The gross revenue for the quarter was ₹2,88,138 crore, up 8.8% Y-o-Y, supported by double-digit growth in O2C and consumer businesses. For the financial year 2024-25 the company's net profit remained flat at ₹69,648 crore as compared with ₹69,621 crore a year ago. Reliance posted record annual consolidated revenues at ₹10,71,174 crore, up 7.1% YoY, supported by continued revenue growth in consumer businesses and O2C businesses. Capital Expenditure for the year ended March 31, 2025, was ₹1,31,107 crore and it's consolidated Net Debt as of 31st March 2025 was marginally up at ₹117,083 crore as against ₹116,281 crore a year ago. Reliance Industries' board has announced a dividend of ₹5.5 per share of face value of ₹10 for the year ended March 2025. The board has also approved to raise ₹25,000 crore via Non-Convertible Debentures (NCD). In Digital Services segment Jio Platforms reported quarterly net profit at ₹7,022 crore, up 25.7% YoY. Jio reported 6.1 million net subscriber addition during the quarter driven by continued subscriber addition post tariff hike related churn and steady ramp up in home connects. Jio's subscriber base stood at 488.2 million on 31st March 2025, including 191 million True5G subscribers Its ARPU increased further to ₹ 206.2. Reliance Retail recorded quarterly revenue of ₹88,620 crore, up 15.7% YoY. The quarterly EBITDA was up by 14.3% YoY at ₹6,711 crore; EBITDA margin stood at 8.5%. The quarterly net profit grew 29% to ₹3,545 crore. Reliance's O2C Segment Revenue for the quarter increased by 15.4% YoY to ₹164,613 crore due to higher volumes and increased domestic product placement. This Segment EBITDA decreased by 10.0% YoY to ₹15,080 crore due to sharp fall in transportation fuel cracks and lower polyester chain margins partially offset by higher volume, feedstock cost optimization and higher PP and PVC delta. The Oil & Gas segment revenue for the quarter was lower by 0.4% YoY at ₹6,440 crore, mainly on account of lower gas production and lower oil offtake from KGD6, partly offset with higher gas price realisation in KGD6 Field and higher CBM production. This segment's quarterly EBITDA declined 8.6% to ₹5,123 crore on YoY basis following higher operating cost due to one-time maintenance activity and Government levies, the company said. Mukesh D. Ambani, CMD, Reliance Industries Ltd said: '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,' he said. '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,' Mr Ambani said. 'The Retail segment also delivered consistent growth. 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 Digital Services business achieved record revenue and profit numbers. Steady increase in subscriber base, with an improving mix and increasing user engagement metrics boosted earnings. Jio continues to invest in innovation, focusing on AI capabilities and next generation technologies, which will shape India's digital future,' he added. Reliance Industries said it has becomes the first Indian company to have networth of over ₹10 lakh crore.
