- Reliance reported a 4.7% drop in net profit to ₹16,563 crore, with flat revenue at ₹2,35,481 crore.
- Jio’s net profit surged 23.4% to ₹6,539 crore, driven by a robust increase in user base and ARPU.
- Reliance Retail saw a 14% increase in footfalls, contributing significantly to its overall performance.
In its Q2 FY2024-25 results, Reliance Industries Ltd (RIL) reported a net profit of ₹16,563 crore, reflecting a 4.7% decline compared to the same period last year.
The company’s consolidated revenue from operations remained flat at ₹2,35,481 crore, primarily due to weak performance in its oil-to-chemicals (O2C) segment.
Reliance Q2 FY25: Jio Thrives Amidst O2C Challenges
On the other hand, Reliance Jio Infocomm posted impressive growth, with a net profit of ₹6,539 crore, up 23.4% from the previous year. The telecom giant’s revenue from operations surged by 18%, reaching ₹31,709 crore, thanks to a 7.4% rise in average revenue per user (ARPU) and a 4.2% increase in its customer base. Jio’s continued focus on digital services and innovative offerings, such as JioAirFiber, has positioned it well in the competitive telecom market.
In the retail sector, Reliance opened 464 new stores, boosting its total store count to 18,946 and expanding its operational footprint. The company achieved significant footfall growth, attracting over 297 million customers during the quarter. Digital and new commerce channels now contribute 17% to total revenue, indicating a successful adaptation to changing consumer behaviors.
Mukesh Ambani, RIL’s chairman, emphasized the robustness of the company’s diversified portfolio, citing the strength of its digital services as a key driver of performance. The positive momentum in Jio, particularly in broadband services, further underlines the effectiveness of RIL’s investments in technology and customer engagement.
Despite the mixed results, the outlook for Reliance remains optimistic, driven by the growth in digital services and continued expansion in the retail space. The company’s strategic moves aim to enhance its market position and capitalize on emerging opportunities in a rapidly evolving economic landscape.
In conclusion, Reliance Industries’ Q2 FY25 results reflect the company’s ability to navigate challenges in traditional sectors while seizing growth opportunities in telecommunications and retail. This dual strategy positions RIL favorably for future success.
“The future belongs to those who believe in the beauty of their dreams.” – Eleanor Roosevelt
