RIL Q4 Results Highlights: Reliance Industries becomes first Indian company to cross Rs 10 lakh crore net worth

RIL executives said that Jio has successfully deployed its private 5G network, which is designed to deliver secure, low-latency, and high-bandwidth connectivity using its 5G SA network. "The private 5G infrastructure is powered by an ultra-reliable, low-latency network architecture comprising both macro and small cell 5G radios, alongside a dedicated private 5G core. To support diverse enterprise needs, Jio is leveraging advanced network slicing technology. A dedicated slice is allocated for private 5G users, ensuring optimal performance and security, while a separate common slice serves general mobility users. As part of its private 5G offering, Jio is delivering end-to-end managed services to ensure efficient operations and streamlined management. Key use cases include robotic automation, real-time video surveillance, and enhanced security for mission-critical private applications."

"Oil and gas business reported highest annual EBITDA. In Q4, KG-D6 production declined, as the company expected. In the period, the company conducted planned maintenance activities. In the global gas market, we have seen prices mainly hovering around $10 to $14 per mmtpa. Gas demand has remained tepid. We should be in steady ground in terms of gas prices in the coming years. There will be some amount of volatility, but we feel from an Indian market standpoint, it should be all right." says Sanjay Roy, executive vice-president for exploration and production, RIL.

Reliance has now added another feather to its cap: After becoming the first Indian company to surpass Rs 10 lakh crore in annual revenue and Rs 20 lakh crore in market capitalization last year, it has crossed the Rs 10 lakh crore mark in net worth as well.

"JioHome subscribers crossed 18 million, adding 1.5 million in the quarter, AirFiber subscribers crossed 5.6 million. 90% of industry net additions are being done by Jio, which is 5x higher than the nearest competitor in the trailing 6 months. Jio is on track to connect 100 million homes. Jio has developed and operationalised the world’s first point-to-multipoint wireless solution for fixed broadband (FWA), enabling servicing of multiple homes with a single outdoor unit (ODU), lowering the cost of deployment. Jio led 5G performance with a median download speed of 202 Mbps at Mahakumbh. Jio's digital revenue shows strong growth on the back of cloud services, IoT, content bundling and advertising," said Jio.

Reliance Retail, the retail arm of India's most valuable company, said fiscal fourth quarter profit rose 29 percent from a year earlier as it expanded its store network and retail formats. Net profit rose to Rs 3,545 crore for the quarter ended March 31 from Rs 2,746 crore in the year earlier, the company said.

"We expect AC sales to grow rapidly due to prediction of hot summer. We posted a healthy mid single digit growth in consumer electronics amid early summer onset. There is a strong demand for niche and premium products. Consumer brands are having an exciting trajectory. Campa and Independence growing rapidly and Campa has already got double-digit market share," said Reliance Retail CFO.

JioStar has reported a revenue of Rs 10,006 crore, since the merger of Viacom18 and Disney's Star India. "JioHotstar served 503 million MAUs in the month of March 2025 driven by key sporting events such as ICC Champions Trophy, IPL and India’s largest digital content library of greater than 320K Hours," the company said. JioStar TV network occupied 34% market share across TV Entertainment and reached over 760 million monthly viewers across the country.

Jio Platforms recorded a 26 percent rise in net profit to Rs 7,022 crore in Q4 FY25, boosted by mobile tariff hikes and growth in homes and digital services businesses. Revenue from operations increased 18 percent to Rs 33,986 crore in the quarter from Rs 28,871 crore in the year earlier. EBITDA jumped 19 percent to Rs 17,016 crore from Rs 14,360 crore driven by healthy revenue growth and margin improvement.

Isha Ambani, Executive Director at Reliance Retail Ventures Limited, said, "Reliance Retail delivered strong growth in revenue and profits, powered by improved efficiencies, innovative formats, a sharper product mix, and continued investments in technology and customer experience. We remain focused on shaping the future of retail with agility and purpose."

"The Retail segment also delivered consistent growth. In FY25, the business focused on a strategic recalibration of our store network, aimed at improving operational efficiencies and long-term sustainability. Our enhanced product catalogue and user experience across all formats, strengthened customer engagement. The quick hyperlocal deliveries initiative has also gained significant traction in the market, connecting strongly with the users. Our suite of omni-channel offerings and wide-spread presence will enable Reliance Retail to continue delivering superior value to all its customers," says RIL Chairman Mukesh Ambani.

Reliance Industries reported a quarterly revenue of Rs 88,620 crore for its Reliance Retail Ventures Limited (RRVL) in Q4 FY25. This marks a rise of 15.7% from Q4 FY24. The segment’s quarterly EBITDA also improved 14.3% YoY to Rs 6,711 crore. During the quarter under review, the company opened 1,085 new stores.

"The Oil to Chemicals business posted a resilient performance despite considerable volatility in energy markets. Significant demand-supply imbalances in downstream chemicals markets have led to multi-year low margins. Our business teams ensured optimization of integrated operations and feedstock costs to enhance margin capture across value chains. The Oil & Gas business recorded its highest ever annual EBITDA led by higher production from our KGD6 and CBM blocks," said RIL Chairman Mukesh Ambani.

Reliance Industries reported a 15.4% YoY rise in revenue for its oil to chemicals (O2C) segment at Rs 1.65 lakh crore. The segment also saw the highest ever annual total throughput at 80.5 MMT.

Jio's average revenue per user (ARPU) rose to Rs 206.2 in March quarter as against Rs 203.3 in the previous quarter.

Akash M Ambani, Chairman of Reliance Jio Infocomm, said, "Jio continues to drive consistent outperformance in customer engagement with best-in-the-world network technologies and a wide bouquet of digital services for all Indians. Jio is proud to have served millions of users at world’s largest congregation of people, the Mahakumbh mela where its network scalability and flexibility was well demonstrated. Jio is working on enabling large scale AI infrastructure and services that will add an intelligence layer to all Jio services."

"FY2025 has been a challenging year for the global business environment, with weak macro-economic conditions and a shifting geo-political landscape. Our focus on operational discipline, customer-centric innovation and fulfilling India’s growth requirements has helped Reliance deliver a steady financial performance during the year," says RIL Chairman Mukesh Ambani.

Reliance Industries’ pre-minority net profit increased 6.4% YoY to Rs 22,611 crore, while profit before tax rose 5 percent YoY to Rs 29,103 crore. Consolidated earnings before interest, taxes, depreciation and amortisation rose 3.6 percent to a record Rs 48,737 crore.

Reliance Industries has approved a plan to raise funds through the issuance of listed, secured / unsecured, redeemable non-convertible debentures up to Rs 25,000 crore in one or more tranches on private placement basis.

Reliance Industries has announced a dividend of Rs 5.5 per equity share for FY25.

Poonawalla Fincorp on April 25 reported a net profit of Rs 62.33 crore for the January-March quarter of FY25. This marked a significant fall of over 81 percent from the Rs 331.70 crore net profit reported in the corresponding quarter of the previous financial year. The company’s revenue from operations however rose over 27 percent YoY to Rs 1,166.27 crore.

Morgan Stanley in March had kept an 'overweight' rating on Reliance Industries shares, with a target price of Rs 1,606 apiece, according to CNBC-TV18. The brokerage had said that the valuations and prospects of earnings recovery ensure that the stock remains its 'top pick'. Reliance Industries shares have risen nearly 7 percent in 2025 so far.

Reliance Industries shares closed marginally lower at Rs 1,301 apiece. The company is set to release its Q4 results today.

Private sector RBL Bank on Friday reported an 80.5 percent decrease in its net profit to Rs 68.7 crore in the fourth quarter ended in March 2025. The bank had earned a net profit of Rs 352.6 crore in the same quarter a year ago.

Tata Technologies on April 25 reported a net profit of Rs 188.87 crore for the January-March quarter of FY25. This marked a rise of over 20 percent from the Rs 157.24 crore net profit reported in the corresponding quarter of the previous financial year. The company also announced a final dividend as well as a special one-time dividend for its shareholders.

Shriram Finance reported a standalone net profit of Rs 2,139 crore for the January-March quarter of FY25. This marked a rise of nearly 10 percent from the Rs 1,946 crore net profit reported in the corresponding quarter of the previous financial year. The company also announced a final dividend of Rs 3 per equity share for the financial year 2025. This takes the total dividend paid for the financial year to Rs 9.90 per equity share.

Bank of Maharashtra reported a 23% YoY rise in net profit to Rs 1,493 crore in Q4 FY25. The lender’s asset quality also improved slightly, with net NPA ratio reducing to 0.18% from 0.20%.

Hindustan Zinc on April 25 reported a net profit o Rs 3,003 crore for the January-March quarter of FY25. This marked a rise of over 47 percent from the Rs 2,038 crore net profit reported in the corresponding quarter of the previous financial year. The company’s revenue from operations meanwhile surged over 20 percent year-on-year to Rs 9,087 crore.

Maruti Suzuki's standalone net profit fell over 4% YoY to Rs 3,711 crore. Revenue from operations meanwhile rose nearly 6% YoY to Rs 38,848.8 crore. The company also announced a dividend of Rs 135 per equity share for FY25.

The shares of Reliance Industries recovered all earlier losses to trade in the green. The stock was up 0.48 percent and was trading at Rs 1,308 per share. This comes ahead of the company's Q4 results.

Investors are expected to focus on Reliance's IPO roadmap, with Jio eyeing a 2025 listing and retail to follow. Reuters had reported in November 2024 that billionaire Mukesh Ambani targets a 2025 Mumbai listing for his telecom business Jio, valued by analysts at over $100 billion, and plans to launch his retail unit's IPO much later. Ambani in 2019 had said that Reliance Jio and Reliance Retail would "move towards" a listing within five years.

Reliance Industries posted a 12 percent year-on-year increase in consolidated net profit to a record high of Rs 21,930 crore for the quarter ended December 31, driven by strong performances in its digital services, retail and oils-to-chemicals businesses.

RIL's Q3 revenue rose 7.7 percent to Rs 2.67 lakh crore from a year earlier, while EBITDA climbed 7.8 percent to Rs 48,003 crore. EBITDA margin expanded 10 basis points from a year earlier to 18 percent. It widened 1 percentage point from the preceding quarter.

The digital services division led the charge in the fiscal third quarter, with EBITDA surging 17 percent to Rs 16,640 crore, driven by a higher average revenue per user (ARPU) of Rs 203.3. Jio continued its aggressive 5G expansion, with 170 million True5G subscribers now contributing 40 percent of the company's wireless traffic.

Reliance Industries shares have so far risen over 6 percent in 2025. However, in the past one year, the stock has fallen over 11 percent. Notably, the stock has seen a significant rise of nearly 85 percent in the past 5 years.

Reliance Industries had last year issued bonus shares in the ratio of 1:1 to its shareholders. The company has so far issued bonus shares five times. It had earlier issued bonus shares in 2017 (1:1), 2009 (1:1), 1997 (1:1) and 1983 (3:5). Notably, bonus share issue is not likely to be on the cards currently for the Mukesh Ambani-led company.

While intimating stock exchanges about its board meeting, Reliance Industries had said that the company may also announce a dividend as well as plan to raise funds through the issuance of listed, secured / unsecured, redeemable non-convertible debentures on private placement basis, in one or more tranches.

The shares of Reliance Industries were trading in the red with marginal losses at Rs 1,289.70 apiece. The Mukesh Ambani-led company is set to announce its results for the January-March quarter today.

Investors are expected to focus on Reliance's IPO roadmap, with Jio eyeing a 2025 listing and retail to follow. Investors will also watch for updates on gains from discounted crude processing amid weak product cracks, 5G rollout, retail expansion, and new energy projects, along with commentary on KG-D6 production trends and exploration plans.

O2C Business: EBITDA is projected to decline by 14 percent from a year earlier and remain flat sequentially, affected by weak product cracks and petrochemical spreads. Benchmark Singapore GRMs have dropped 58 percent from a year earlier, reflecting global softness in product cracks.

Oil & Gas: EBITDA is likely to fall 9 percent from a year earlier and 8 percent sequentially, driven by lower output from the KG-D6 block, although deepwater gas prices have risen 2 percent year-on-year.

Digital Services: Jio’s EBITDA is expected to increase by 16 percent year-on-year and 2 percent quarter-on-quarter, supported by higher ARPU (up 13 percent year-on-year and 1 percent quarter-on-quarter) following the tariff hike, as well as a marginal rise in subscriber base.

Retail Business: The retail segment is forecast to deliver a robust 11 percent year-on-year EBITDA growth on the back of increased store area, better margins, and improved realisations. However, sequential EBITDA may dip by 9 percent due to the tapering off of festive sales and a shorter quarter.

Reliance Industries Ltd is set to report its fiscal fourth-quarter earnings on April 25, with analysts projecting a mixed performance as softness in the oil-to-chemicals and oil & gas segment is expected to be offset by a hike in telecom tariffs and improving retail performance.

A Moneycontrol survey of eight analysts estimates Reliance’s Q4 revenue to be Rs 2.38 lakh crore compared to Rs 2.37 lakh crore in year-ago period. EBITDA is expected to be around Rs 43,491.6 crore, up from Rs 42,516 crore a year ago. Net profit is estimated at Rs 18,820 crore, little changed from Rs 18,951 crore in the year ago. Profit was Rs 18,540 crore in the December quarter.