Reliance Industries Quarterly Results: Reliance Industries Limited (RIL) on Thursday announced its Q3FY25 results with profit at Rs 21,804 crore, up 11.88 per cent YoY. The Q3 revenue from operations stood at Rs 243,865 crore, up 6.97 per cent in comparison to Rs 227,970 crore recorded during the third quarter of FY24.
The retail business of RIL posted revenue for the quarter in review at Rs 90,333 crore, up 8.8 per cent YoY.
According to Mukesh Ambani, Chairman and Managing Director, Reliance Industries, “Robust growth in digital services business was led by sustained subscriber addition and consistent improvement in customer engagement metrics…Retail segment delivered a strong performance, with noteworthy contribution from all formats. The business ably capitalized on the pick-up in consumption amid festive demand during the quarter.”
Ambani further added that, “The O2C business showcased its innate resilience, registering growth even in this prolonged period of volatility in the global energy markets. Refining margins recovered sequentially, with petrochemical deltas exhibiting a mixed trend. Upstream segment continues to play a pivotal role in providing the crucial transition fuel bolstering India’s energy security.”
Reliance Industries Q3 Results:
Reliance Industries Q3 Results, Earning Live Updates: Projections for RIL’s energy business
An analysis report by Goldman Sachs maintained that energy EBITDA is expected to remain flat sequentially as gains in refining earnings are offset by weaker petchem earnings. It said that the refining segment is expected to post a sequential growth in net GRM to $8.7/bbl in 3Q (+6% QoQ) driven by better ex-China supply-demand dynamics and a more favourable cost base. Goldman Sachs remained bullish on refining margins in CY25E. On petchem, the brokerage firm said that it sees a longer recovery trajectory for margins due to unresolved supply and demand issues for olefins and certain aromatics (e.g. PTA and PET) where RIL has higher exposure. However, it concluded that RIL is expected to continue outperforming industry margins.
Reliance Industries Q3 Results, Earning Live Updates: Goldman Sachs’ projections on RIL
According to Goldman Sachs, RIL is estimated to report Q3 core EBITDA growth of 5 per cent QoQ, however, it will remain largely flat on YoY basis as telecom earnings growth is projected to be offset by weakness in energy and muted retail growth.
Reliance Industries Q3 Results, Earning Live Updates: Companies to announce Q3 results today
Companies including Reliance Industries, Infosys, LTIMindtree, Metro Brands, Waaree Renewable Technologies, Sterling and Wilson Renewable Energy, Spencer Retail, Khaitan Chemicals and Fertilizers, Shemaroo Entertainment, Axis Bank, Havells India, Hatsun Agro Products, DB Corp, and others, will announce their Q3FY25 numbers today.
Reliance Industries Q3 Results, Earning Live Updates: Welcome to the live blog!
Today, oil-to-telecom-to-retail conglomerate Reliance Industries Ltd (RIL) will announce its fiscal third quarter earnings report. We, at FinancialExpress.com, are all set and will keep bringing you all the updates on the Q3 numbers, key announcements and will also analyse how these numbers will affect the business ahead.