Shares of Reliance Industries Ltd rallied 4% on 17 January after the Nifty 50 heavyweight and Mukesh Ambani-owned oil-to-telecom-to-retail conglomerate announced its quarterly earnings for October-December.
The company reported a 7.38% year-on-year (YoY) increase in consolidated net profit to Rs 18,540 crore for the quarter under review, which was driven by strong performances in its retail, digital services, and oils-to-chemicals businesses. The company’s net profit for the same quarter last year stood at Rs 17,265 crore.
The revenue from operations during the quarter stood at Rs 2.67 lakh crore, marking a 7.7% YoY increase from Rs 2.48 lakh crore reported in the same quarter of the previous fiscal year.
On the operating front, earnings before interest, tax, depreciation, and amortisation (EBITDA) grew by 7.8% to Rs 48,003 crore during the quarter against Rs 44,525 crore reported during the same quarter last year. The EBITDA margins expanded by 10 basis points to 18% in Q3FY25 compared to 17.9% during Q3FY24.
Mukesh Ambani, Chairman and Managing Director of Reliance Industries Ltd, said, “Robust growth in digital services business was led by sustained subscriber addition and consistent improvement in customer engagement metrics. This was well supported by a favorable subscriber mix, with an increasing number of users upgrading to 5G networks.”
Ambani added, “Retail segment delivered a strong performance, with noteworthy contribution from all formats. The business ably capitalised on the pick-up in consumption amid festive demand during the quarter. A superior understanding of customer needs and preferences enables Reliance Retail to serve a wide variety of demographic profiles with the right product, at the right time, through the right channel.”
At 11:23 am, the shares of Reliance Industries were trading 2.02% higher at Rs 1,292.10 on NSE.
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