Reliance Industries Limited (RIL) released its consolidated financial results for the fourth quarter of FY25, reporting a steady year-on-year (YoY) growth in net profit and revenue, while EBITDA margins saw a decline.
The company posted a consolidated net profit of ₹19,407 crore for the March quarter, up 2.41% from ₹18,951 crore reported in the same period last year. Sequentially, this reflects a rise from ₹18,540 crore in Q3 FY25.
Consolidated revenue for the quarter came in at ₹2.61 lakh crore, registering a YoY increase of 10.59% over ₹2.36 lakh crore in Q4 FY24. On a quarter-on-quarter (QoQ) basis, revenue rose from ₹2.40 lakh crore, reflecting consistent growth across its key verticals.
EBITDA for the quarter stood at ₹43,832 crore, marking a 3.09% increase from ₹42,516 crore in the same quarter last year. On a sequential basis, EBITDA was largely flat, compared to ₹43,789 crore in Q3 FY25.
Despite the growth in absolute numbers, EBITDA margin declined to 16.8% in Q4 FY25. This is a drop from 18.25% in the previous quarter and 18% in the year-ago period, indicating a contraction in profitability at the operating level.
O2C Segment
Revenue from the Oil-to-Chemicals (O2C) business reached ₹1.65 lakh crore, an increase of 15.38% year-on-year from ₹1.43 lakh crore. On a sequential basis, this marks a rise from ₹1.49 lakh crore. EBITDA stood at ₹15,080 crore, down 10.12% from ₹16,777 crore in Q4 FY24, despite a sequential improvement. The EBITDA margin declined to 9.2%, compared to 11.8% a year earlier and 9.6% in the previous quarter, reflecting ongoing margin compression in the segment.
Oil & Gas Segment
The Oil & Gas business reported revenue of ₹6,440 crore, nearly flat on a yearly basis, with a marginal decline of 0.43% from ₹6,468 crore. EBITDA fell 8.61% year-on-year to ₹5,123 crore from ₹5,606 crore. Margins narrowed to 79.5% from 86.7% in Q4 FY24 and 87.4% in Q3 FY25, indicating reduced operating leverage.
Retail Business
The retail segment showed solid growth with revenue of ₹88,637 crore, up 15.6% from ₹76,683 crore in the year-ago quarter. EBITDA rose to ₹6,721 crore, marking a 15.3% increase over ₹5,829 crore last year. Despite the growth, EBITDA margin remained steady at 7.6%, consistent across both yearly and sequential comparisons.
Dividend Recommendation
The Board of Directors has recommended a dividend of ₹5.5 per fully paid-up equity share of ₹10 each for the financial year ended March 31, 2025. This dividend payment is subject to the approval of the shareholders at the upcoming Annual General Meeting (AGM) of the company.
