
Reliance Industries Limited (RIL) has released its segment-wise performance for the quarter ended December 31, 2024. The company’s diversified portfolio across key business verticals has shown mixed results.
The Oil-to-Chemicals (O2C) segment contributed revenue of ₹1,49,595 crore, a 6.0% increase from ₹1,41,096 crore in the same period last year, but lower sequentially compared to ₹1,55,580 crore in the previous quarter.
The Oil and Gas segment recorded a revenue of ₹6,370 crore, down 5.2% YoY from ₹6,719 crore, but up 2.4% QoQ from ₹6,222 crore.
The Retail segment reported robust growth with a revenue of ₹90,351 crore, up 8.8% YoY from ₹83,040 crore and a significant 18.4% QoQ growth from ₹76,325 crore.
The Digital Services segment saw strong performance with revenue reaching ₹39,733 crore, a 18.7% YoY increase from ₹33,463 crore and a 4.4% QoQ growth from ₹38,055 crore.
The “Others” segment, which includes smaller verticals, generated revenue of ₹12,236 crore, marginally down from ₹12,476 crore in the same quarter last year but up 5.3% QoQ from ₹11,623 crore.
Overall, Reliance Industries demonstrated resilience in its Retail and Digital Services businesses, while Oil-to-Chemicals and Oil and Gas segments reflected volatility. The company continues to diversify its portfolio and strengthen its key growth drivers.