Reliance Industries Limited (RIL) has once again showcased its robust business model and adaptability amid global economic challenges. For the fourth quarter and full fiscal year ending March 31, 2025, Reliance reported record revenues and steady profits. This comprehensive analysis breaks down Reliance’s financial results, segmental performance, and strategic initiatives that position it for future growth.
Table of Contents
- Reliance Industries FY25 Revenue, Profit & Growth Highlights
- Detailed Q4 FY25 Performance of Reliance Industries
- Reliance Industries Segment-wise Growth: Digital, Retail, Media & Energy
- Jio Platforms FY25 Performance: India’s Leading Digital Growth Engine
- Reliance Retail FY25 Expansion and Omnichannel Growth
- Oil to Chemicals (O2C) Business Review: Growth & Margin Pressures
- Reliance Oil & Gas (E&P) FY25 Production and Revenue Overview
- JioStar Media & Entertainment Performance and Market Impact
- Reliance Industries Strategic Outlook for FY26: New Energy & AI Focus
- Conclusion: Reliance Industries FY25 Financial Summary & Outlook
- FAQs: Reliance Industries FY25 Results, Dividend, Debt and Future Growth
Reliance Industries posted strong overall financials in FY25, reflecting resilience despite macroeconomic headwinds.
- Revenue: ₹1,071,174 crore, up 7.1% Y-o-Y, a new company record
- EBITDA: ₹183,422 crore, up 2.9% Y-o-Y
- Profit After Tax (PAT): ₹81,309 crore, up 2.9% Y-o-Y
- Capital Expenditure: ₹131,107 crore
- Dividend: ₹5.5 per share
- Net Debt: ₹117,083 crore; Net Debt/EBITDA at 0.64x
- Equity Milestone: First Indian company to cross ₹10 lakh crore in total equity
These figures underscore Reliance’s ability to scale while maintaining profitability and financial discipline.
The fourth quarter (Q4FY25) showed further growth momentum with key metrics improving year-on-year. Here's the detailed quarterly results of Reliance Industries
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The quarter's robust performance indicates continued operational strength despite external pressures.
Reliance’s diverse portfolio continues to power overall growth, led by digital services, retail, and new media.
|
Segment
|
% Contribution to Total Revenue
|
|
Oil to Chemicals (O2C)
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~51%
|
|
Reliance Retail
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~28%
|
|
Jio Platforms (Digital)
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~13%
|
|
Oil & Gas (E&P)
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~2%
|
|
JioStar (Media & Entertainment)
|
~1.0% (Partial FY)
|
|
Others
|
~6% |
These segments form the backbone of Reliance's integrated business strategy.
Jio Platforms sustained its dominant position in India’s telecom sector, driving strong financial and operational growth.
FY25 Key Metrics:
- Revenue: ₹1,50,270 crore (up 16.9%)
- EBITDA: ₹64,170 crore (up 16.8%)
- PAT: ₹26,109 crore (up 21.9%)
- Data Traffic: 185 exabytes (up 24%)
- True5G Subscribers: 191 million
Q4 FY25 Highlights:
- Revenue: ₹39,853 crore (up 17.8%)
- EBITDA: ₹17,016 crore (up 18.5%)
- ARPU: ₹206.2, boosted by pricing discipline and better customer mix
- Subscriber Base: 488 million+, with 6.1 million net additions
Strategic collaborations, including the AI-powered Open Telecom Platform and a potential partnership with SpaceX’s Starlink for satellite broadband, further strengthen Jio’s leadership.
Reliance Retail continues to lead India’s retail sector with strong omnichannel presence and a rapidly expanding footprint.
FY25 Performance:
- Gross Revenue: ₹3,30,870 crore (up 7.9%)
- EBITDA: ₹25,053 crore (up 8.6%)
- PAT: ₹12,388 crore (up 29.1%)
- Customer Base: 349 million (up 14.8%)
- Transactions: 1.39 billion (up 10.6%)
- Retail Presence: 19,340 stores across 77.4 million sq. ft
Q4 FY25 Highlights:
- Quarterly Revenue: ₹88,620 crore (up 15.7%)
- EBITDA: 6,711 crore (up 14.3%)
- Transactions: 361 million (up 16.1%)
- New Stores: 1,085 added in Q4
Strong festive sales, re-entry of Shein, and growth in grocery deliveries (up 62%) have driven performance across verticals.
The O2C business delivered volume growth but faced margin pressure due to global supply-demand imbalances.
FY25 Financials:
- Revenue: ₹6,26,921 crore (up 11%)
- EBITDA: ₹54,988 crore (down 11.9%)
- Throughput: 80.5 million metric tonnes (highest ever)
Q4 FY25 Metrics:
- Revenue: ₹164,613 crore (up 15.4%)
- EBITDA: ₹15,080 crore (down 10%)
Margin Headwinds:
- Polymers and polyester margins at 20-year lows
- Impact from China’s economic slowdown and inventory overhang
- Geopolitical tensions affecting fuel crack spreads
Jio-bp Update:
- Retail Outlets: 1,916
- EV Charging Points: 5,750+ at 701 locations
- ATF Sales: Up 46.8% YoY
- CNG & Biogas Network Expanding
Despite cyclical challenges, O2C remains crucial for integrated cash flow.
The upstream energy segment maintained volume-led stability supported by KG-D6 basin output.
FY25 Figures:
- Revenue: ₹25,211 crore (up 3.2%)
- EBITDA: ₹21,188 crore (up 4.9%)
Q4 Performance:
- Revenue: ₹6,440 crore (down 0.4%)
- EBITDA: ₹5,123 crore (down 8.6%)
Production Volumes:
- KG-D6 Basin: 26.7 MMSCMD gas; 19,600 barrels oil/day
- Coal Bed Methane (CBM): 0.90 MMSCMD with new drilling activities
The segment continues to support India’s energy security goals.
JioStar, the merged entity of Viacom18 and Star India, has quickly become a major player in India’s media ecosystem.
Nov 2024 to Mar 2025 Snapshot:
- Revenue: ₹10,006 crore
- EBITDA: ₹774 crore
OTT Platform – JioHotstar:
- Paid Subscribers: 100 million+ within 5 weeks post-IPL launch
- Monthly Active Users (MAUs): 503 million (March 2025)
- IPL 2025: 1.4 billion digital views; peak concurrency of 61 million
Linear TV & Sports:
- Star Plus: Leading Hindi General Entertainment Channel
- Star Sports: 24-channel unified sports network
- Women’s Premier League (WPL): 49% increase in viewership in Season 3
JioStar is set to be a core consumer vertical through powerful content and digital engagement.
Chairman Mukesh D. Ambani reaffirmed RIL’s focus on clean tech and AI-driven innovation for FY26 and beyond.
Key Focus Areas:
- Operationalising New Energy businesses (solar, hydrogen, batteries, decarbonisation)
- Expanding AI infrastructure via Jio’s open platform to enhance telecom and cloud services
- Growing Reliance Retail with omni-channel integration and stronger FMCG play
- Monetising JioStar through ad-tech and premium content
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These initiatives position Reliance at the forefront of India’s sustainable growth and digital transformation.
Reliance Industries continues to demonstrate resilience and innovation in a dynamic global environment. With strong digital and retail engines, a healthy balance sheet, and ambitious new energy and AI strategies, RIL is poised to lead India’s economic transformation.
From petrochemicals to pixels, from fibre to finance, Reliance’s FY25 journey reflects its evolution into a future-ready, multi-engine growth powerhouse.
Q1: What was Reliance Industries’ total revenue in FY25?
Reliance Industries reported ₹1,071,174 crore in total revenue for FY25, marking a 7.1% year-on-year growth.
Q2: How much profit did Reliance Industries make in FY25?
The company posted a Profit After Tax (PAT) of ₹81,309 crore in FY25, up 2.9% compared to the previous year.
Q3: What dividend did Reliance Industries declare for FY25?
Reliance Industries announced a final dividend of ₹5.5 per share for FY25.
Q4: What is Reliance Industries' net debt position as of FY25?
As of March 2025, Reliance’s net debt stood at ₹117,083 crore, with a comfortable Net Debt/EBITDA ratio of 0.64x.
Q5: Which business segments contributed most to Reliance’s FY25 revenue?
The Oil to Chemicals (O2C) business contributed ~59.4% of total revenue, followed by Reliance Retail (~31.3%) and Jio Platforms (~14.2%).
Q6: How did Jio Platforms perform financially in FY25?
Jio Platforms clocked ₹1,50,270 crore in revenue (up 16.9%), ₹64,170 crore in EBITDA, and ₹26,109 crore in profit after tax.
Q7: How many stores does Reliance Retail operate as of FY25?
Reliance Retail expanded to 19,340 stores across India, covering a total area of 77.4 million sq. ft.