Net Profit Soars 78% on Strong Consumer Business, Stake Sale

Mumbai, July 19 — Reliance Industries Ltd (RIL), India’s largest conglomerate, on Friday reported a 78% year-on-year (YoY) jump in net profit for the first quarter (April–June) of FY25, marking its highest-ever quarterly consolidated profit. The surge was supported by robust performances from its consumer-facing businesses and a one-time exceptional gain.

Key Highlights from Reliance Q1 FY25 Earnings:

1. Record Net Profit:
   Consolidated net profit rose 78% YoY, boosted by a ₹8,900 crore gain from the sale of Reliance’s stake in Asian Paints. Even without the exceptional gain, profit grew by a solid 20%.
2. All-time High Operating Profit:
   The company posted its highest-ever quarterly consolidated EBITDA, underpinned by strong growth across the telecom, retail, and digital services segments.
3. Jio Performance:
   Reliance Jio’s profit rose 24% YoY, aided by subscriber additions and better ARPU (average revenue per user), which neared ₹209. Jio now boasts over 200 million 5G users.
4. Retail Momentum:
   Reliance Retail posted an 11% revenue increase, benefiting from rapid store expansion and festive demand. It delivered a double-digit EBITDA growth and maintained an industry-leading EBITDA margin.
5. JioStar’s Breakout Quarter:
   JioStar, the conglomerate’s digital entertainment vertical, reported record revenue of ₹9,600 crore, boosted by strong IPL viewership and ad revenues.
6. Refining & Petrochemicals:
   Performance remained steady amid global volatility in crude prices. Margins held up, supported by operational efficiency and feedstock optimization.
7. Capital Expenditure Focus:
   RIL continued to invest heavily in digital infrastructure and retail expansion, aligning with its broader strategy of long-term value creation.
8. Financial Health:
   The company’s balance sheet remains robust with healthy cash reserves, despite ongoing investments and dividend payouts.
9. Strategic Asset Monetisation:
   The sale of its stake in Asian Paints is part of a broader effort to unlock value from non-core assets and refocus on digital and consumer growth areas.
10. Chairman’s Statement:
    RIL Chairman Mukesh Ambani said, “This quarter’s performance reflects the strength of our consumer and technology businesses. We remain committed to innovation, value creation, and national growth.”

Reliance’s strong Q1 performance signals continued momentum in its retail and digital ventures. The group’s ability to monetize assets while scaling consumer businesses is expected to play a critical role in future growth.