Reliance Industries Limited (RIL) has announced its financial results for the fourth quarter of FY25, highlighting mixed performance across key business segments.
The Oil-to-Chemicals (O2C) segment posted a year-on-year revenue growth of over 13%, driven by improved product realization and stable demand. However, the segment witnessed a decline in margins, reflecting pressure on profitability despite top-line growth.
In the Oil & Gas segment, revenue came in at ₹6,440 crore, showing a marginal decline of 0.43% compared to ₹6,468 crore in Q4 FY24. On a sequential basis, the revenue remained nearly flat. The segment’s EBITDA stood at ₹5,123 crore, down 8.61% from ₹5,606 crore reported in the same quarter last year.
EBITDA margins for the Oil & Gas business narrowed significantly to 79.5%, compared to 86.7% in Q4 FY24 and 87.4% in Q3 FY25. The decline in margins indicates reduced operating leverage, possibly due to a combination of higher input costs and lower realizations.
Overall, the company reported a consolidated net profit of ₹19,407 crore in Q4 FY25, up 2.41% from ₹18,951 crore in Q4 FY24. Revenue stood at ₹2.61 lakh crore, marking a 10.59% year-on-year increase from ₹2.36 lakh crore. EBITDA came in at ₹43,832 crore, rising 3.09% from ₹42,516 crore a year ago. However, EBITDA margin dropped to 16.8%, compared to 18% in the same period last year and 18.25% in the previous quarter.
Commenting on the results, Mukesh D. Ambani, Chairman and Managing Director of Reliance Industries Limited, said: “The Oil to Chemicals business posted a resilient performance despite considerable volatility in energy markets. Significant demand-supply imbalances in downstream chemicals markets have led to multi-year low margins. Our business teams ensured optimization of integrated operations and feedstock costs to enhance margin capture across value chains.”
