India’s RIL revenue soars to $31.2 bn in Q3 FY25, up 7.7% YoY

Reliance Industries Limited (RIL), an Indian multinational conglomerate, has generated a gross revenue of ₹267,186 crore (~$31.2 billion) in the third quarter (Q3) of fiscal 2025 (FY25), ended December 31, 2024, an increase of 7.7 per cent year-over-year (YoY).

EBITDA for the quarter stood at ₹48,003 crore (~$5.54 billion), growing 7.8 per cent YoY from ₹44,525 crore in Q3 FY24. The EBITDA margin improved by 10 basis points (bps) YoY, reaching 18.0 per cent, compared to 17.9 per cent in Q3 FY24, RIL said in a press release.

Reliance Industries Limited (RIL) has reported gross revenue of ₹267,186 crore (~$31.2 billion) in Q3 FY25, up 7.7% YoY, with EBITDA at ₹48,003 crore (~$5.54 billion), up 7.8% YoY.
Retail revenue rose 8.8% YoY to ₹90,351 crore.
9M FY25 revenue stood at ₹783,036 crore (~$90.46 billion), up 6.5% YoY, with EBITDA at ₹134,685 crore (~$15.55 billion), up 2.6% YoY.

Segment-wise, Reliance Retail Ventures Limited (RRVL) reported a revenue of ₹90,351 crore (~$10.43 billion) in Q3 FY25, up from ₹83,040 crore in the corresponding period last year, an increase of 8.8 per cent YoY. Oil to Chemicals (O2C) segment generated a revenue of ₹149,595 crore, reflecting an increase compared to ₹141,096 crore in the same quarter last year, up 6 per cent YoY. The Oil and Gas segment recorded revenue of ₹6,370 crore, slightly lower than ₹6,719 crore in Q3 FY24.

Domestic demand of polyester increased by 12 per cent YoY in Q3 FY25. Polyethylene terephthalate (PET) demand was up by 13 per cent YoY. The demand for Polyester Filament Yarn (PFY) and Polyester Staple Fibre (PSF) was up 13 per cent and 9 per cent respectively. Domestic demand of polymer increased by 11 per cent YoY in Q3 FY25.

In Fashion and Lifestyle segment, apparel & footwear experienced a strong recovery, driven by the introduction of trendy designs and enhanced store experiences. AJIO, the online fashion platform, sustained a steady performance with an increase in Average Basket Value (ABV) by 7 per cent year-over-year and the addition of 1.9 million new customers. The platform expanded its product catalogue to 2.2 million, marking an increase of 33 per cent YoY, introducing over half a million new product options, added the release.

“The previous month commemorated the 25th anniversary of our Jamnagar refinery. It gives me great pleasure to see Reliance grow exponentially over the years and set new benchmarks that demonstrate the inherent strength and resilience we have across all our businesses. The delivery of record EBITDA and PAT at a consolidated level for this quarter is a testament to this,” said Mukesh D Ambani, chairman and managing director at Reliance Industries Limited.

“Reliance Retail delivered strong performance during the quarter led by festive buying across consumption baskets. Our focus on offering wide range of products at an attractive price value proposition continues to draw customers to our stores and digital platforms,” said Isha M Ambani, executive director at Reliance Retail Ventures Limited.

9-month (9M) FY25 financials

For the nine months ended December 31, 2024, RIL reported a gross revenue of ₹783,036 crore (~$90.46 billion), reflecting a 6.5 per cent growth compared to ₹735,288 crore in 9M FY24. EBITDA for the period stood at ₹134,685 crore (~$15.55 billion), registering a 2.6 per cent rise YoY. The EBITDA margin for 9M FY25 was 17.2 per cent, slightly lower than 17.8 per cent in 9M FY24.

Fibre2Fashion News Desk (SG)

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