Profit beat to growth engine: 5 takeaways from RIL Q4 results

Reliance Industries posted a steady performance for the March quarter, supported by a strong showing in its consumer businesses even as its traditional energy verticals faced margin pressures. Growth in the telecom and retail arms helped cushion the impact of a weaker oil-to-chemicals cycle and softer gas realizations.

The company also announced a dividend and a major fundraising plan, indicating continued expansion in its future sectors. Despite a challenging global economic environment, Reliance said it maintained operational discipline and continued investing in growth initiatives, with the management striking an optimistic tone on the outlook.

Mukesh Ambani said the company’s resilience reflects its diversified business model and focus on building long-term value across energy, consumer, and digital platforms.

Here are 5 key takeaways from Q4 results
Strong beat on profit

Net profit for the fourth quarter at Rs 19,407 crore surpassed estimates (Rs 18,471 crore), aided by robust showings from Jio and Retail, despite margin pressure in the oil to chemicals (O2C) and oil and gas businesses.
Jio, Retail maintain growth momentum
Jio Platforms posted an 18% YoY revenue growth to Rs 39,853 crore, with net profit rising 26% YoY to Rs 7,022 crore, supported by tariff hikes and subscriber additions.

Reliance Retail’s revenue rose 16% YoY to Rs 88,620 crore, while net profit rose 29% YoY. Store count expanded to 19,340, highlighting aggressive physical expansion.
Oil-to-chemicals hit by margin pressures
The O2C segment saw a 10% YoY drop in EBITDA to Rs 15,080 crore, as weak refining margins in fuels and downstream chemicals dragged profitability, even though revenues rose 15% YoY to Rs 1.64 lakh crore.
Dividend and fundraising plans
The Board recommended a Rs 5.50 per share dividend and approved a proposal to raise Rs 25,000 crore via bonds, ensuring liquidity for future growth initiatives.
Outlook
During FY25, the company laid a strong foundation for our projects in renewable energy and battery operations. In the coming quarters, it is likely to see the transition of this business from incubation to operationalization. "I firmly believe that the new energy growth engine will create significant value for Reliance, for India and for the world," said Ambani.

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