Reliance Industries Q4 and FY25 Results: Strong Retail and Digital Growth Amid O2C Challenges

On April 25, 2025, Reliance Industries Limited (RIL), the biggest company in India, revealed its financial results for the fourth quarter (Q4) and the entire fiscal year 2024–2025 (FY25). The company overcame difficulties in its oil-to-chemicals (O2C) division by demonstrating strong growth in its digital and retail segments.

About Company


Reliance Industries was founded by Dhirubhai Ambani and is presently run by Chairman Mukesh Ambani.
Retail, energy, telecommunications, petrochemicals, textiles, and natural resources are just a few of the industries in which it operates. Two of its companies, Reliance Jio and Reliance Retail, now considerably increase the company’s profits.

Financial Highlights for Q4 of FY25 (Jan–Mar 2025)

  • Operational revenue increased 9.91% year over year (YoY) to Rs 2,64,573 crore from Rs 2,40,715 crore in Q4 FY24.
  • The net profit of Rs 19,407 crore above the analyst’s forecast of Rs 18,471 crore, representing a 2.4% YoY increase.
  • EBITDA was Rs 48,737 crore, a 3.6% annual increase.
  • EBITDA margin is at 16.8%, down from 17.8% in the fourth quarter of FY24.
  • The entire amount spent on capital projects during the quarter was Rs 36,041 crore.

FY25 Annual Performance

  • Total Revenue: Rs 10,71,174 crore (up around 7.1% year over year from FY24)
  • EBITDA: Rs 1,83,422 crore (bolstered by expansion in the retail and digital sectors)
  • Net Profit (PAT): Rs 81,309 crore (driven by higher margins in consumer businesses)
  • Capital Expenditures: Rs 1,31,107 crore (with a focus on new energy, retail growth, and telecom)

Segment wise details

Oil-to-Chemicals (O2C)

  • Marginal YoY revenue growth, but faced pressure on EBITDA due to softening transportation fuel margins and lower global demand.
  • EBITDA decreased 2.4% year over year.
  • Reliance is still dedicated to moving its vertical towards sustainable energy.

Digital Services (Reliance Jio)

  • Revenue increased gradually due to an improved ARPU (Rs 206 in Q4 FY25, up 13.5% YoY).
  • Rs 28,519 crore was the net profit for FY25, up 27.5% YoY.
  • Growth in the subscriber base, 5G rollout, and tariff increases are the main drivers.

Retail

  • Revenue (FY25) more than Rs 2,30,000 crore
  • Rs 12,374 crore was the net profit for FY25, up 31% YoY
  • Increased shop footprint, enhanced supply chain, and growth in Tier II/III cities are the main motivators.

Reliance Industries Dividend

For FY25, the Board of Directors suggested paying a final dividend of Rs 5.50 per equity share. This is the first dividend announcement in almost three quarters.

Reliance Industries Share Price

Reliance Industries share price closed at 1301 on National Stock Exchange (NSE) on 25th Apr 2025, indicating slight 0.05% loss. Over a mont share has increased by 2.2% and decreased by 10.43% in a year.

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Prospects for the Future


Reliance Industries is still focused on growing its retail and digital businesses in spite of difficulties in the O2C sector. The company is also advancing its renewable energy projects, including building a gigawatt-scale solar photovoltaic module assembly line, as part of its 10 GW solar factory plan in Jamnagar.

Disclaimer: This blog’s content is intended solely for informational and educational purpose only. Before making any investment decisions, it is recommended that investors consult with a certified financial advisor.

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