Reliance Industries is set to deliver impressive financial results for the third quarter (Q3) of fiscal year 2025, with analysts forecasting a significant increase in both net profit and EBITDA.
The conglomerate’s diverse portfolio of businesses, including refining, digital services, and retail, is expected to continue its strong momentum, driven by higher refining margins and growth in digital services.
Solid Financial Projections
For Q3 FY25, Reliance Industries is projected to report a 6% sequential increase in net profit, reaching approximately ₹17,482 crore, while EBITDA is expected to grow by 5% quarter-on-quarter to about ₹41,125 crore.
This positive outlook is largely attributed to the company’s thriving refining business, which has benefited from stronger gross refining margins, as well as an uptick in average revenue per user (ARPU) in its digital services division following recent tariff hikes.
Refining and Digital Services Driving Growth
The refining segment remains a major contributor to Reliance’s performance. With global refining margins expected to remain favorable, analysts predict this sector will play a crucial role in driving earnings growth for the company.
Additionally, the digital services arm, which includes the telecom giant Jio, is poised to continue its upward trajectory, bolstered by a recent hike in tariffs that has led to improved ARPU.
Reliance’s retail division is also expected to report solid growth, driven by both domestic consumption and expansion of its offerings across various product categories.
Year-on-Year Growth
Looking at the same quarter from the previous fiscal year, Reliance posted a year-on-year increase of 9.3% in net profit, reaching ₹17,265 crore.
Revenue from operations rose to ₹2.28 lakh crore, a 3.6% year-on-year increase. The operating margin also improved by 210 basis points, reaching 18% in Q3 FY24.
Analysts Remain Bullish
Market analysts are particularly focused on the company’s refining margins, subscriber growth in the telecom and digital sectors, and retail performance.
With a diversified business model, Reliance Industries continues to be well-positioned to benefit from strong consumer demand and global market trends.
As Reliance prepares to release its Q3 results, investors and market watchers will be eagerly awaiting the official figures to confirm the company’s continued growth and resilience in a competitive landscape.
Looking Ahead
As one of India’s most prominent and diversified conglomerates, Reliance Industries’ Q3 results are closely watched by industry leaders, investors, and stakeholders alike.
The company’s ability to drive strong growth in key business segments positions it for a promising future, with analysts optimistic about its financial health and strategic direction heading into the remainder of fiscal year 2025.
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