Reliance Industries Q4 FY25 Profit Surpasses Expectations, Retail and Digital Drive Growth
Reliance Industries reports a consolidated net profit of ₹19,407 crore in Q4 FY25, exceeding analyst estimates, with strong performances in retail and digital segments offsetting O2C weakness.
Key Highlights:
Reliance Industries Q4 Results: ₹19,407 Cr Profit Beats Estimates – Strong Growth Today
Reliance Industries Limited (RIL) has announced its financial results for the fourth quarter of fiscal year 2024–25, reporting a consolidated net profit of ₹19,407 crore ($2.27 billion), surpassing analyst expectations of ₹18,877 crore. The company’s robust performance in its retail and digital services segments offset the decline in its oil-to-chemicals (O2C) business.
Key Financial Highlights
- Net Profit: ₹19,407 crore, exceeding estimates
- Digital Services EBITDA: Up 18% YoY
- Jio Platforms Profit: Increased by 25.7% YoY
- Retail Segment EBITDA: Rose 14% YoY
- O2C Segment EBITDA: Declined 10% YoY
The digital services segment, including Jio, experienced an 18% increase in EBITDA, with Jio Platforms’ profit rising by 25.7%, driven by tariff hikes and a 13.5% increase in average revenue per user (ARPU) to ₹206.2. The retail segment’s EBITDA grew by 14%, attributed to improved efficiencies and a better product mix. Conversely, the O2C segment’s EBITDA fell by 10% due to weaker transportation fuel margins.
Market Reaction and Share Performance
Following the Q4 FY25 results, Reliance Industries’ share price surged by up to 3.4%, reaching its highest point since late October, and becoming the top percentage gainer on India’s benchmark Nifty 50 index. The stock has gained approximately 11% in 2025 to date, outperforming the Nifty’s 2% increase.
Analyst Upgrades and Future Outlook
The strong quarterly performance led to positive analyst sentiment, with thirteen out of 32 analysts raising their price targets and eleven upgrading their ratings. Antique Broking highlighted the stock’s attractive valuation and forecasted further telecom gains through subscriber growth and expected tariff hikes over the next 12–15 months. Jefferies also cited potential tariff increases and a possible listing of the telecom arm as positive triggers.
Strategic Initiatives and Renewable Energy Expansion
Reliance Industries is advancing its renewable energy agenda by commissioning a gigawatt-scale solar photovoltaic (PV) module assembly line, part of a broader 10 GW solar factory plan in Jamnagar. This initiative aligns with the company’s commitment to sustainable energy solutions and diversification beyond its traditional O2C business.
What Lies Ahead
Reliance Industries’ Q4 FY25 results underscore the company’s strategic shift towards consumer-centric businesses, with retail and digital services driving growth amid challenges in the O2C segment. The positive market reaction and analyst upgrades reflect confidence in RIL’s diversified portfolio and future prospects. As the company continues to invest in renewable energy and digital infrastructure, it is well-positioned to capitalize on emerging opportunities in the evolving economic landscape.
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