Reliance Industries Reports ₹16,563 Crore Q2 Net Profit, Driven by Jio's Strong Performance

Reliance Industries has reported a solid net profit of ₹16,563 crore for the second quarter of the fiscal year 2025. This impressive performance was largely driven by the company’s digital services arm, Reliance Jio, which continued to grow at a strong pace. The gross revenue for the company stood at ₹2,58,027 crore, showing steady year-on-year growth. Despite challenges in its oil-to-chemicals (O2C) segment, Reliance's diversified business helped balance the overall performance.

Mukesh Ambani, Chairman of Reliance Industries, praised the resilience of the company's upstream businesses. He emphasized the role of technological advancements and reaffirmed Reliance's commitment to clean energy, with a new energy Giga factory set to begin solar PV module production by the end of the year.

Reliance Jio continued to outperform, with a net profit of ₹6,231 crore for the quarter, marking a 23.2% increase compared to the previous year. The company’s revenue also grew by 14.5%, reaching ₹28,338 crore. Jio's average revenue per user (ARPU) saw a healthy rise of 7.4% year-on-year, increasing to ₹195.10 from ₹181.70 in the same period last year. This growth in ARPU was driven by improved customer engagement and the growing popularity of Jio’s broadband services, particularly the JioAirFiber offering.

Reliance Retail, another key segment of the conglomerate, reported a net profit of ₹2,836 crore for Q2 FY25, a slight increase from ₹2,800 crore in the same quarter last year. However, the company's revenue from operations fell by 3.5% year-on-year to ₹66,502 crore due to weaker demand in the fashion and lifestyle categories. Despite the drop in revenue, Reliance Retail’s EBITDA grew by 0.3% year-on-year, reaching ₹5,850 crore. The company continued to expand its physical presence, adding 464 new outlets and reporting 297 million footfalls across its stores during the quarter.

The oil and gas segment also posted positive results, with EBITDA jumping 11% year-on-year to ₹5,290 crore. Although the oil-to-chemicals segment experienced a decline in margins due to weaker global demand, Reliance's overall business portfolio helped offset the impact.

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Reliance Industries’ diverse businesses, ranging from telecommunications to retail and oil, contributed to a well-rounded performance this quarter. The company’s focus on innovation, expansion, and energy transition positions it well for future growth.

[Disclaimer: This content is for informational purposes only. The performance data mentioned in this article reflects past results and may not be indicative of future outcomes. Always consult a financial advisor before making investment decisions.]