- Reliance Industries names Anant Ambani Whole-Time Director
- JioStar revenues crossed ₹10,000 crore mark
NE BUSINESSS BUREAU
MUMBAI, APR 26
Reliance Industries Limited’s (RIL)’s consolidated profit after tax and share of profit/(loss) of associates & JVs increased by 6.4% year-on-year to Rs 22,611 crore in Q4 March 2025 over Q4 March 2024.
During the quarter, RIL’s gross revenue increased by 8.8% Y-o-Y to Rs 288,138 crore, while EBITDA increased by 3.6% Y-o-Y to Rs 48,737 crore. EBITDA margin contracted by 90 basis points Y-o-Y and by 1.1% quarter-on-quarter to 16.9%.
Finance costs increased by 6.8% Y-o-Y to Rs 6,155 crore, primarily due to higher average liability balances. Net debt increased to Rs 117,083 crore in Q4FY25 as against Rs 115,465 crore in Q3FY25 and Rs 116,281 crore in Q4FY24.
Annually, RIL’s profit after tax and share of profit/(loss) of associates & JVs increased by 2.9% Y-o-Y to Rs 81,309 crore while gross revenue increased by 7.1% Y-o-Y to Rs 1,071,174 crore. EBITDA increased by 2.9% Y-o-Y to Rs 183,422 crore. EBITDA margin contracted by 70 basis points Y-o-Y to 17.1% in FY25.
Commenting on the results, Mukesh D. Ambani, chairman and managing director, RIL said: “FY2025 has been a challenging year for the global business environment, with weak macro-economic conditions and a shifting geo-political landscape.
The Oil to Chemicals business posted a resilient performance despite considerable volatility in energy markets. Significant demand-supply imbalances in downstream chemicals markets have led to multi-year low margins. Our business teams ensured optimization of integrated operations and feedstock costs to enhance margin capture across value chains.
The Retail segment also delivered consistent growth. In FY25, the business focused on a strategic recalibration of our store network, aimed at improving operational efficiencies and long-term sustainability. Our enhanced product catalogue and user experience across all formats, strengthened customer engagement. The quick hyperlocal deliveries initiative has also gained significant traction in the market, connecting strongly with the users. Our suite of omni-channel offerings and wide-spread presence will enable Reliance Retail to continue delivering superior value to all its customers.
Our Digital Services business achieved record revenue and profit numbers. Steady increase in subscriber base, with an improving mix and increasing user engagement metrics boosted earnings. Strong adoption of our 5G services and our home broadband offerings continues with accelerated addition in subscribers and in the number of home-connects.
During FY25, we have laid a strong foundation for our projects in renewable energy and battery operations. In the coming quarters, we will see the transition of this business from incubation to operationalization.”
JioStar revenues crossed ₹10,000 crore mark
Reliance said the launch of JioHotstar has created the biggest OTT platform in the country.
“Within five weeks of launch, JioHotstar crossed 100 million paid users. JioStar reported revenues of ₹10,006 crore with EBITDA (including other income) of ₹774 crore,” said the company.
Jio Platforms
Quarterly revenue stood at Rs 39,853 crore , up 17.8% y-o-y, while quarterly EBITDA was at Rs 17,016 crore , up 18.5% y-o-y. EBITDA growth was driven by healthy revenue growth and margin improvement. Total subscriber base was over 488 million as of March 2025, including 191 million True 5G subscribers. 5G adoption and home scale up drove data traffic to ~185 exabytes in FY25, up 24% y-o-y. ARPU improved to Rs 206.2 in Q4 FY25 as against Rs 203.3 in Q3 FY25 and Rs 181.7 in Q4 FY24, with continued impact of the tariff hike and better subscriber mix partly impacted by lower number of days in the quarter.
Reliance Retail Ventures
Quarterly revenue stood at Rs 88,620 crore, up 15.7% Y-o-Y, while quarterly EBITDA was at Rs 6,711 crore, up 14.3% Y-o-Y. EBITDA margin were at 8.5% in Q4 FY25, as against 8.6% in Q3 FY25 and 8.7% in Q4 FY24. Business opened 1,085 new stores during the quarter. Total transactions recorded were at 361 million, up 16.1% Y-o-Y.
JioMart continued to scale up as a horizontal platform designed to meet diverse customer needs through quick hyper-local deliveries, scheduled deliveries, and daily subscription services. Average daily orders increased by 62% Y-o-Y. Quick hyper local deliveries continued to accelerate and operations scaled to 4,000+ pin codes across 2,100+ stores. The platform continued to expand its offerings led by product options growing by 10% Y-o-Y and the seller base growing by 20% Y-o-Y.
Isha M. Ambani, executive director, Reliance Retail Ventures, said “Reliance Retail delivered strong growth in revenue and profits, powered by improved efficiencies, innovative formats, a sharper product mix, and continued investments in technology and customer experience. We remain focused on shaping the future of retail with agility and purpose.”
Reliance Industries names Anant Ambani Whole-Time Director
Reliance Industries Ltd on Friday named Anant M Ambani, the youngest son of Chairman Mukesh Ambani, as a whole-time director of the company.
Acting on the recommendation of the Human Resources, Nomination and Remuneration Committee, the board approved Anant Ambani’s appointment for a five-year term beginning May 1, 2025, subject to shareholder approval, the company said in a stock exchange filing.
Anant Ambani, who till now served as a non-executive director on Reliance’s board, will now take on a more active executive role at India’s most valuable company.
Anant Ambani also serves on the boards of several Reliance group companies, including Jio Platforms since March 2020, Reliance Retail Ventures since May 2022, and Reliance New Energy and Reliance New Solar Energy since June 2021. He has also been a board member of Reliance Foundation since September 2022.
