Reliance Industries Posts Record Revenues in FY2025, Becomes First Indian Company to Cross ₹10 Lakh Crore in Equity

Reliance Industries Limited (RIL) has reported a historic financial performance for FY2024-25, becoming the first Indian company to surpass ₹10 lakh crore in total equity. The Mumbai-based conglomerate posted record annual consolidated revenues of ₹1,071,174 crore (USD 125.3 billion), reflecting a 7.1% year-on-year increase, driven by robust growth in its consumer and oil-to-chemicals (O2C) businesses.

Strong Performance Across All Business Segments

Reliance’s consolidated EBITDA for the year rose 2.9% YoY to ₹183,422 crore (USD 21.5 billion), while net profit after tax and share of associates grew by the same margin to ₹81,309 crore (USD 9.5 billion). The company’s capital expenditure for FY25 stood at ₹131,107 crore (USD 15.3 billion).

In Q4 alone, Reliance recorded a gross revenue of ₹288,138 crore (USD 33.7 billion), up 8.8% YoY, and EBITDA of ₹48,737 crore, showing a 3.6% rise. Quarterly net profit also saw a 6.4% increase to ₹22,611 crore.

Jio Platforms Powers Digital Growth, Starlink Deal Announced

Jio Platforms, the group’s digital arm, reported Q4 FY25 EBITDA of ₹17,016 crore, up 18.5%, with net profit surging 25.7% to ₹7,022 crore. Jio added 6.1 million new subscribers, ending the quarter with a total base of 488.2 million, including 191 million True5G users.

Key metrics:

• ARPU rose to ₹206.2

• Per capita data usage reached 33.6 GB/month

• Total data traffic grew 19.6% YoY to 48.9 billion GB

• Voice traffic increased 3.5% to 1.49 trillion minutes

A notable development this quarter was Jio’s agreement with SpaceX to roll out Starlink broadband services in India, a strategic move to boost rural and remote internet connectivity.

Reliance Retail Sees 15.7% Growth, Adds Over 1,000 New Stores

Reliance Retail also reported strong growth, posting ₹88,620 crore in revenue for Q4 FY25—up 15.7% YoY. The business added 1,089 new stores, bringing the total count to 19,340, covering 77.4 million sq. ft. of retail space.

Additional highlights:

• Registered customer base: 349 million

• Total transactions: 361 million, up 16.1%

• Digital & new commerce contribution: 18% of revenue

The business focused on network optimization, omni-channel expansion, and enhanced hyperlocal delivery services to improve customer engagement and operational efficiency.

Oil-to-Chemicals and New Energy: Resilience and Future Readiness

Despite global volatility in energy markets, Reliance’s O2C segment maintained a resilient performance, supported by integrated operations and optimized feedstock costs. The Oil & Gas division reported its highest-ever annual EBITDA, fueled by increased output from the KGD6 and CBM blocks.

Chairman and Managing Director Mukesh Ambani highlighted the company’s commitment to its New Energy business, stating that operations in renewables and battery storage are set to transition from incubation to rollout in the coming quarters.

Dividend Announcement and Outlook

The company has declared a dividend of ₹5.5 per share for FY2025. With macroeconomic headwinds and geopolitical uncertainties looming, Reliance’s diversified portfolio and strategic investments position it to continue delivering steady financial performance and long-term value creation.