Reliance Q3 results: Reliance makes net profit of Rs 18,540 crore in Q3
Reliance Q3 results: reliance Industries Limited (RIL) has announced its October-December quarter results for the financial year 2024-25 (Q3FY25). Consolidated net profit rose 7.4 percent to Rs 18,540 crore in the third quarter. Digital, retail, oil-to-chemicals (O2C) segments have witnessed significant growth.
Income Rs. 2.4 lakh crore
The revenue of the oil-to-telecom company led by billionaire industrialist Mukesh Ambani rose 6.7 per cent to Rs 2.40 lakh crore in the third quarter of the current financial year. The retail sector benefited from strong festive demand. Higher cellular tariffs boosted the telecom unit’s profits. 5G subscribers have increased. Earnings after interest, taxes, depreciation and amortization rose 7 percent to Rs 43,789 crore. EBITA margin increased from 18.1 percent to 18.3 percent.
Reliance Q3 results
Key metrics- Reliance’s EBITDA growth in the December quarter despite nearly seven per cent increase in finance costs (Rs 3.5 lakh crore by December 31, 2024, Rs 3.36 lakh crore by September 2024 and Rs 3.11 lakh crore by December 2023) Higher debt. Higher tariffs and more customers helped boost the profits of the telecom sector, while more shops and more customers helped propel the retail business. Good domestic demand, rising petrochemical margins helped oil-to-chemicals businesses post good numbers.
Key Points of Reliance Result
- Reliance Jio (JIO) Infocomm’s quarterly profit increased by 26 percent to Rs 6,861 crore. It said that last year’s tariff increase benefited customers by upgrading to 5G services. The performance was driven by a 12 percent increase in average revenue from customers, a key profit metric, and steady customer growth. Its 5G is on track to overtake 4G traffic.
- Revenue from operations of Reliance’s retail unit increased seven percent to Rs 79,595 crore in the third quarter of the current financial year due to demand from the festive season and weddings. A total of 779 new stores opened in the December quarter.
- Oil-to-chemicals (O2C) operations, which account for two-thirds of total revenues, grew six per cent in the quarter to Rs 1.5 lakh crore due to higher production. EBITA in this segment increased from Rs 14,064 crore to Rs 14,402 crore. However, EBITA margin declined from 10 percent to 9.6 percent.
- Reliance said capital expenditure of Rs 32,259 crore was Rs 38,227 crore. In the fuel retail business, Jio-BP, its joint venture with UK-based BP, recorded “highest ever quarterly sales in petrol and diesel”. Profit before tax of the oil and gas business declined 4.1 per cent to Rs 5,565 crore due to lower gas production from KG-D6 block and lower coal seam gas prices.
