RIL Q3 Profit Jumps 11%, Beats Estimates
Reliance Industries Ltd (RIL) reported a consolidated net profit of ₹19,641 crore for the December quarter, marking a 10.9% year-on-year increase and surpassing analyst expectations. The conglomerate’s operational revenue grew 3.2% to ₹2.48 lakh crore.
Key Takeaways
- Net profit rose to ₹19,641 crore, beating estimates of ₹17,257 crore.
- EBITDA surged 16.7% to ₹44,678 crore with margins expanding to 18%.
- Board approved demerger of financial services arm to be renamed Jio Financial Services.
- All major segments – O2C, Retail, Jio, and Oil & Gas – showed robust growth.
Segment-Wise Performance
Oil-to-Chemicals (O2C): EBITDA jumped 10.2% to ₹14,064 crore, driven by stronger fuel cracks and higher domestic demand. Revenue increased 10.5%.
Reliance Retail: Revenue grew 6.2% to ₹67,623 crore, while EBITDA soared 25% to ₹4,773 crore. Margin improved to 7.1%.
Reliance Jio: Revenue increased 12% to ₹29,195 crore with net profit up 28% to ₹4,881 crore. ARPU rose to ₹178.2. Jio added 5.3 million subscribers, taking its base to 432.9 million.
Oil & Gas: This segment recorded its highest-ever quarterly EBITDA, which skyrocketed 147.2% to ₹3,880 crore. Revenue jumped 85.5%, boosted by higher production from the KGD6 block.
“The strong growth in Ebitda is driven by increase in transportation fuel cracks, higher volumes and continued growth in consumer businesses,” said Mukesh D. Ambani, chairman and managing director, Reliance Industries.
“Our digital services business has delivered consistent net subscriber growth and led the industry in terms of traffic and revenue market share. The retail business has had another record quarter with a revival in footfalls, store additions and digital integration. Reliance Retail continues to provide compelling value to its customers while improving profitability. Our oil and gas business has also recorded its highest ever quarterly Ebitda,” he added.
Financial Position
RIL’s outstanding debt as of December 31 stood at ₹3,03,530 crore, up from ₹2,95,687 crore in September. Cash and equivalents were healthy at ₹1,93,968 crore. The company’s capital expenditure for the quarter was ₹37,599 crore.
The results underscore RIL’s diversified strength, with consumer and digital businesses providing stability amid volatile energy markets. The demerger of the financial services arm marks a strategic step towards unlocking further value for shareholders.
