Reliance Q4 Results 2025: Reliance Industries, India’s largest conglomerate led by Mukesh Ambani, reported a solid financial performance in the fourth quarter of FY25, showing resilience amid global economic challenges. Here’s a snapshot of the company’s Q4 and full-year earnings and what they mean for investors and industry watchers.
1. Solid Profit and Revenue Growth in Q4FY25
Reliance posted a 6% year-on-year (YoY) increase in its consolidated net profit for Q4FY25, reaching ₹22,434 crore, up from ₹21,143 crore in Q4FY24.
Revenue from operations also saw a notable uptick, rising nearly 10% YoY to ₹2,64,573 crore, compared to ₹2,40,715 crore in the same quarter last year.
The company’s EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) rose by 3.6% YoY to ₹48,737 crore, though margins slipped to 16.9%, down from 17.8% a year earlier.
For the full year FY25:
- Revenue hit a record ₹10,71,174 crore, up 7.1% YoY
- Profit after tax (PAT) rose 2.9% to ₹81,309 crore
- EBITDA also increased 2.9% to ₹1,83,422 crore
Chairman Mukesh Ambani noted that the company navigated a challenging global environment with operational discipline and a focus on India’s evolving needs. He also emphasized that the New Energy segment, including renewables and battery projects, is set to shift from planning to execution in the upcoming quarters.
2. Jio Delivers Strong Telecom Growth
Jio Platforms, the telecom arm, continued its impressive run:
- Net profit jumped 25.7% YoY to ₹7,022 crore
- Revenue rose 17.7% YoY to ₹33,986 crore
- EBITDA grew 18.5% YoY to ₹17,016 crore
- EBITDA margin expanded by 40 basis points to 50.1%
Jio’s ARPU (Average Revenue Per User) improved to ₹206.2, driven by tariff hikes and a better subscriber mix. The quarter saw a net addition of 6.1 million subscribers, bringing the total to 488.2 million as of March 2025.
Data consumption surged 19.5% YoY, while voice traffic grew 3.8%. The rise in 5G usage and home broadband adoption fueled Jio’s strong digital performance.
Ambani highlighted continued investments in AI and next-gen technologies, positioning Jio to lead India’s digital future.
3. Retail Segment Sustains Momentum
Reliance Retail Ventures posted robust quarterly growth:
- Revenue rose 16.3% YoY to ₹78,622 crore
- PAT grew 29.1% YoY to ₹3,545 crore
- EBITDA increased 14.3% YoY to ₹6,711 crore
- However, EBITDA margin dipped slightly by 20 basis points to 8.5%
The retail arm added 2,659 new stores in FY25, bringing the total to 19,340 outlets across 77.4 million sq. ft. of retail space.
4. Oil-to-Chemicals Business Faces Margin Pressure
The O2C (Oil-to-Chemicals) division saw mixed performance:
- Revenue grew 15.4% YoY to ₹1,64,613 crore
- But EBITDA declined 10% YoY to ₹15,080 crore
- EBITDA margin contracted by 260 basis points to 9.2%
Lower margins were attributed to falling transportation fuel prices and weak polyester chain returns. However, volume gains and cost optimization efforts helped soften the blow.
Despite the downturn, Ambani noted the segment’s “resilient performance” amid volatile energy markets and global chemical demand-supply challenges.
5. Pressure in Oil & Gas, But JioStar Shines
The Oil & Gas segment struggled in Q4:
- Revenue fell 0.4% YoY to ₹6,440 crore
- EBITDA dropped 8.6% YoY to ₹5,123 crore
- EBITDA margin slipped to 79.5%, down 720 basis points
The decline stemmed from reduced gas output and oil offtake from KGD6, alongside higher operational costs due to one-time maintenance.
On a brighter note, the newly launched JioStar OTT platform crossed ₹10,000 crore in revenue:
- Reported ₹10,006 crore in revenue and ₹774 crore in EBITDA (including other income)
- JioHotstar, launched just five weeks ago, already surpassed 100 million paid users, becoming India’s biggest OTT platform
Additional Highlights
- The board has approved a ₹5.5 per share dividend for FY25
- A plan to raise up to ₹25,000 crore via non-convertible debentures (NCDs) was also approved
Disclaimer: This article is based on official exchange filings by Reliance Industries. It is meant for informational purposes only and does not constitute investment advice. Readers are encouraged to consult certified financial professionals before making investment decisions.
