Aided by a rise in other income, Mukesh Ambani-led Reliance Industries has posted a 75.8 per cent jump in net profit at Rs 30,681 crore for the quarter ended June (Q1) 2025 as against Rs 17,448 crore in the same period of last year. The net profit attributable to the owners of the company rose 78 per cent year-on-year for the June quarter to Rs 26,994 crore as compared to Rs 15,138 crore in the same period last year.
The surge in net profit came after the company sold about 4.9 per cent shares of Asian Paints for about Rs 9,579 crore in two tranches. “The performance of our businesses and growth initiatives gives me confidence that Reliance will continue its stellar track record of doubling every 4-5 years,” said RIL Chairman and MD Mukesh D. Ambani.
Gross revenue of the company increased by 6 per cent to Rs 273,252 crore for the June quarter as against Rs 257,823 crore in the same period a year ago.
RIL’s retail arm Reliance Retail Ventures posted a 28.3 per cent rise in net profit at Rs 3,271 crore for the June 2025 quarter and revenue increased by 11.3 per cent to Rs 84,171 crore.
Digital subsidiary Jio Platforms witnessed a 24.8 per cent increase in net profit at Rs 7,110 crore and revenue rose by 18.8 per cent to Rs 41,054 crore for the June quarter.
“Reliance has begun FY26 with a robust, all-round operational and financial performance. Consolidated EBITDA for 1Q FY26 improved strongly from a year-ago period, despite significant volatility in global macros,” Ambani said.
RIL shares remained flat at Rs 1,476.85 on the BSE on Friday, valuing the company at Rs 19.98 lakh crore. RIL shares have jumped 32.3 per cent from the 52-week low.
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“During the quarter, energy markets encountered heightened uncertainty, with sharp fluctuations in crude prices. Our O2C business delivered strong growth, with thrust on domestic demand fulfilment and offering value-added solutions through Jio-bp network,” Ambani said. Revenue from oil-to-chemicals business for June quarter was lower by 1.5 per cent to Rs 154,804 crore ($ 18.1 billion) due to fall in crude oil prices and lower volumes on account of planned shutdown.
Performance was supported by improvement in fuel and downstream product margins. Natural decline in KGD6 gas production resulted in marginally lower EBITDA for Oil & Gas segment. “Retail’s business performance registered customer base expanded to 358 million, along with significant improvement across operating metrics. We are focusing on strengthening the portfolio of own FMCG brands, which resonate with the tastes of Indian consumers,” Ambani said.
He said Jio has scaled newer heights during the quarter including crossing 200 million 5G subscribers and 20 million home connects. “Jio AirFiber is now the largest FWA service provider in the world, with a base of 7.4 million subscribers. Our digital services business consolidated its market position with a robust financial and operational performance,” Ambani said.
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