RIL's profit rises 2.4% in Q4, beats estimates

First Indian conglomerate to achieve ₹10 trillion net worth

- JADEN MATHEW PAUL & DEV CHATTERJEE

Beating analyst estimates, oil-retail-telecom conglomerate Reliance Industries (RIL) on Friday reported a 2.4 per cent year-on-year (Y-o-Y) rise in its consolidated net profit (attributable to the owners) at ₹19,407 crore for the fourth quarter of 2024-25 (Q4FY25).

The performance was driven by its consumer-facing business (retail and telecom), but its oil-to-chemicals (O2C) division remained under pressure.

The company also said it had become the first Indian corporate entity to post a net-worth exceeding ₹10 trillion.

India's most valuable company posted a 3.6 per cent increase in consolidated profit before interest, depreciation and taxes (PBIDT), at ₹48,737 crore, while revenue for the March quarter climbed 10.5 per cent Y-o-Y to ₹2,61,388 crore.

A Bloomberg poll of 11 analysts had pegged consolidated net adjusted income at ₹18,471 crore, with 18 analysts forecasting revenue of ₹2,40,800 crore.

Sequentially, RIL's net profit was up 4.7 per cent, with revenue rising 8.9 per cent.

On a standalone basis, which primarily reflects the Mukesh Ambani-led firm's O2C operations, net profit was down 0.6 per cent Y-o-Y at ₹11,217 crore.

Revenue on a standalone basis slipped 9.4 per cent to ₹1,32,962 crore in the period under review.

"The financial year 2024-25 had been a challenging year for the global business environment with weak macroeconomic conditions and a shifting geo-political landscape. Our focus on operational discipline, customer-centric innovation, and fulfilling India's growth requirements helped Reliance deliver a steady financial performance during the year," said Mukesh Ambani, chairman and managing director of RIL in a statement.