Reliance Industries Shares Jump Over 4 Per Cent, See What Is Driving This Rally
As of 11:18 AM, the company's shares touched Rs 1,353.45 apiece on the BSE, and Rs 1,352.80 on the NSE, rallying more than 4 per cent.
Shares of Reliance Industries Ltd surged over 4 per cent on Monday after the company posted a 2.4 per cent growth in its March quarter net profit. On the BSE, the stock advanced by 3.60 per cent to touch Rs 1,346.90, while on the NSE, it climbed 3.58 per cent at reach Rs 1,347 apiece in the morning hours.
On the Sensex and Nifty indices, Reliance emerged as the top performer. As of 11:18 AM, the company's shares touched Rs 1,353.45 apiece on the BSE, and Rs 1,352.80 on the NSE, rallying more than 4 per cent.
Reliance Q4 Earnings
Reliance Industries Ltd announced on Friday that its consolidated net profit for the January-March quarter in the 2024-25 fiscal year stood at Rs 19,407 crore, or Rs 14.34 per share. This marked an improvement over the Rs 18,951 crore, or Rs 14 per share, reported during the same period last year.
Sequentially too, profits grew from Rs 18,540 crore recorded in the previous October-December quarter. The quarter's performance was bolstered by better margins in the telecom sector and efficiencies achieved through store rationalisation in the retail division, which helped mitigate weaker results in its core oil and petrochemicals businesses, as well as increased finance costs.
Despite annual profits remaining steady at Rs 69,648 crore, Reliance achieved a new milestone by becoming the first company to surpass a net worth of Rs 10 lakh crore in the fiscal year 2024-25. Notably, in the previous year, it had already become the first Indian company to cross the Rs 20 lakh crore mark in terms of market capitalisation.
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Telecom, Retail Outperform; Oil-to-Chemicals Segment Faces Pressure
In the fourth quarter, Reliance’s telecom operations benefited from a growing subscriber base, contributing to higher earnings. The retail segment, meanwhile, saw improved metrics driven by the optimisation of stores and a surge in quick commerce. However, the oil-to-chemicals (O2C) business faced challenges, witnessing a decline in pre-tax earnings due to reduced fuel crack spreads and weaker polyester chain margins.
Reliance's profit before interest, taxes, depreciation, and amortisation (EBITDA) rose 3.6 per cent to Rs 48,737 crore. This growth came despite a 7 per cent jump in finance costs, reflecting a higher debt burden, which stood at Rs 3.47 lakh crore as of March 31, 2025, up from Rs 3.24 lakh crore a year earlier.
Jio Platforms Ltd, Reliance’s telecom and digital services arm, delivered strong results, with a 26 per cent increase in Q4 net profit to Rs 7,022 crore and a 22 per cent rise in full-year earnings to Rs 26,120 crore.
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