Reliance Industries Q3 Results : Reliance Industries has released the results for the third quarter ending December 31, 2024. During this period, the company’s consolidated income has increased from Rs 2.25 lakh crore to Rs 2.40 lakh crore on an annual basis. At the same time, the consolidated profit of the company has increased from Rs 17,265 crore to Rs 18,540 crore on an annual basis. In the third quarter, the company’s EBITDA increased from Rs 40,656 crore to Rs 43,789 crore on an annual basis. Similarly, the company’s EBITDA margin is increasing from 18.1 percent to 18.3 percent on an annual basis.
In the third quarter ending December 31, 2024, the consolidated profit of Reliance Industries has increased by 12 percent on an annual basis. The company benefited from strong performance in its digital services, retail and O2C businesses. Similarly, the company’s income has increased by 7.7 percent on an annual basis.
If we look at the third quarter results of Reliance Ind on quarter-to-quarter basis, the company’s profit has increased by 12 percent to Rs 18,540 crore from Rs 16,563 crore in the second quarter of the same year. In this way, the company’s income has increased by 3.6 percent on quarterly basis to Rs 2.40 crore crore as against Rs 2.31 lakh crore. Similarly, consolidated EBITDA increased by 12 percent to Rs 43,789 crore from Rs 39,058 crore in the second quarter and consolidated EBITDA margin increased to 18.3 percent from 16.9 percent in the second quarter.
In the quarter ending December 31, 2024, the income of the company’s O2C business has increased from Rs 1.41 lakh crore to Rs 1.49 lakh crore on an annual basis. At the same time, the income of oil and gas business has declined from Rs 6,719 crore to Rs 6,370 crore on an annual basis. In the third quarter, the EBITDA margin of the company’s O2C business declined from 10 percent to 9.6 percent on an annual basis. At the same time, during this period, the EBITDA of the company’s Oil & Gas business has declined from Rs 5,804 crore to Rs 5,565 crore on an annual basis. Whereas during this period, Oil & Gas EBITDA margin has increased from 86.4 percent to 87.4 percent.
RELIANCE RETAIL Q3 Result: Company’s results were excellent, income increased to Rs 90,351 crore
Highlights of Reliance Industries Q3
Strong growth has been seen in digital services, retail and O2C EBITDA. The O2C segment has performed better due to strong domestic demand. Higher volumes and operational strength have led to improved O2C performance. Retail business EBITDA has achieved a turnover of Rs 6,840 crore with a good annual growth of 9 percent. EBITDA of digital services achieved a strong growth of 17 per cent at Rs 16,640 crore.
Digital services contributed high ARPU of Rs 203.30 crore to EBITDA. Oil and gas EBITDA declined 4 per cent due to lower volumes in KG-D6. ARPU further improved due to the impact of tariff hike and improved subscriber mix. The additional impact of the tariff increase will be visible over the next few months. Jio’s contribution in promoting 5G in India continues. The 170 million subscribers on True5G account for 40 percent of Jio’s wireless traffic. Capex in the third quarter stood at Rs 32,259 crore, which was fully covered by cash profit of Rs 38,227 crore.
Reliance Jio Q3 Results: December quarter profit increased to Rs 6477 crore, revenue also increased
RIL ready for transformational growth – Mukesh Ambani
Talking about the third quarter results of Reliance Industries, the company’s Chairman Mukesh Ambani has said that there has been strong growth in digital services in the third quarter. Digital growth has increased due to better customer engagement. Excellent performance has also been seen in the retail segment. Consumption has increased during the festive season. The company’s O2C segment has been stable. Refining margins are continuously improving. The upstream segment continues to perform well. RIL is poised for transformational growth.
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