Reliance Industries Q3 result highlights: From Jio, O2C, retail to oil and gas, how RIL performed

Reliance Industries Q3 results: Reliance Industries Limited (RIL), the oil-to-telecom-to-retail conglomerate led by billionaire Mukesh Ambani, today, January 16, announced its earnings for the third quarter of FY25.

The consolidated Reliance Q3 results include earnings from the group’s oil-to-chemicals (O2C) business, Reliance Oil and Gas business, Reliance Jio as well as Reliance Retail business.

“The strong growth in the digital services business was driven by sustained customer growth and consistent improvement in customer engagement metrics. This was well supported by a favorable customer mix, with an increasing number of users upgrading to 5G networks. The retail business took full advantage of the increase in consumption amid festive demand during the quarter,” Chairman and Managing Director Mukesh D. Ambani said. Reliance Industries,

Here are the highlights of Reliance Q3 Results 2025:

Reliance Q3 Results (Consolidated)

Reliance Industries reports consolidated net profit Rs 18,540 crore for Q3FY25, records growth of 7.4% It was Rs 17,265 crore in the same period last year.

Company’s consolidated revenue grew 6.7% YoY in Q3FY25 to Rs 2.40 lakh crore 2.25 lakh crore, year-on-year (YoY).

At the operational level, earnings before interest, taxes, depreciation and amortization (EBITDA) grew 8% during the quarter ending December 2024 to Rs 43,789 crore 40,656 crores, annually.

The company’s EBITDA margin expanded 20 basis points (bps) to 18.3% from 18.1% in the year-ago quarter due to higher refining margins and growth in digital services.

Reliance O2C Q3 Results

Reliance Oil to Chemicals (O2C) business revenue recorded Rs 149,595 crore in Q3FY25, growth of 6.0% It was Rs 141,096 crore in the year-ago period. On a sequential basis, O2C business revenue declined by 3.84%. There was a significant increase in domestic fuel retail sales volumes with MS increasing by 43.7% and HSD increasing by 22.8%.

Segment EBITDA grew 2.4% YoY 14,402 crore after strong volume based growth and higher polymer delta.

RIL’s feedstock flexibility, advantages of ethane cracking over naphtha and focus on yield optimization helped mitigate the impact of adverse fuel cracks, the company said.

“The O2C business demonstrated its inherent resilience, registering growth even during this prolonged period of volatility in global energy markets. While refining margins improved sequentially, petrochemical delta saw a mixed trend. Mukesh Ambani said, “The upstream segment is playing a vital role in providing critical transition fuel to strengthen India’s energy security.”

Reliance Jio Platforms Q3 Results

RIL’s digital services arm, Jio Platforms Limited (Ltd) reported revenue growth of 19.4% year-on-year. Rs 33,074 crore due to continued flow of tariff revisions for mobility services and healthy growth in home and digital services businesses.

Jio Platforms net profit rises 26% in Q3FY25 to Rs 6,861 crore 5,447 crores. Segment EBITDA grew 18.8% year after year 16,585 crore, driven by higher subscriber base, improvement in ARPU and favorable mix, while EBITDA margin declined 30 bps to 50.1%.

Reliance Jio’s average revenue per user (ARPU) grew 12% YoY in Q3FY25 203.3 with continued impact of tariff increase and improved customer mix. Its net subscriber addition during the October-December quarter stood at 3.3 million and monthly churn declined to 2.0%.

“The rapid adoption of 5G over the last year and the spread of fixed broadband beyond Tier 1 cities further strengthens the Digital India mission. Jio will continue to lead in technology innovation by fully embracing the power of AI to create a connected, intelligent future that is truly transformative. This will drive sustained value creation over the next several years,” said Akash M Ambani, Chairman of Reliance Jio Infocomm.

Reliance Retail Q3 results

Reliance Retail reported revenue 79,595 crore for the quarter ending December 2024, registering a growth of 7% YoY It was Rs 74,373 crore in the same period last year. Net profit for the quarter increased by 10% to Rs 3,458 crore Rs 3,145 crore, annually.

Segment EBITDA increased Rs 6,828 crore, up 9.5% 6,238 crore YoY, while EBITDA margin expanded 20 bps to 8.6% from 8.4% YoY.

Reliance Retail opened 779 new stores. Its total store count was 19,102 and operational area was 77.4 million square feet. More than 296 million were recorded in the quarter, an increase of 5% year-on-year. Reliance Retail said the registered customer base increased to 338 million, making Reliance Retail one of the most preferred retailers in the country.

“Reliance Retail delivered a strong performance during the quarter driven by festive shopping in the consumer basket. Our focus on offering a wide range of products at an attractive value proposition continues to attract customers to our stores and digital platforms. We are creating through JioMart – express delivery, scheduled delivery with Milkbasket – subscription services, a seamless shopping experience that serves diverse customers across categories and catchments,” Isha M. Ambani, Executive Director, Reliance Retail Ventures Limited said.

Reliance Oil & Gas Q3 Results

Reliance Oil & Gas business reports revenue 6,370 crore, decline of 5.2% ₹6,719 crore, YoY, mainly due to lower gas and condensate volumes in KGD6, lower recovery for CBM gas and condensate.

The average price of KGD6 gas was $9.74 per MMBTU in 3QFY25, compared to $9.66 per MMBTU in 3QFY24. RIL said the average price of CBM gas was $10.58 per MMBTU in 3Q FY25, compared to $15.55 per MMBTU in 3Q FY24.

Segment EBITDA fell 4.1% This followed lower revenues at Rs 5,565 crore on a year-on-year basis, while EBITDA margin fell 100 bps year-on-year to 87.4%.

Average KGD6 production for Q3FY25 is 28.04 MMSCMD gas and 21,000 bbl/day oil/condensate. The current rate of production is ~27.9 mmscmd gas and ~20,700 bbl/day oil/condensate, RIL said.

Reliance shares closed 1.31% higher on Thursday At Rs 1,268.70 each BSEWith a market capitalization of more than 17.16 lakh crore.

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