Reliance Q4 Results: Beats Estimates, PAT At Rs 21,243 Crore; Revenue Up 11%

Reliance Industries Ltd (RIL) on Monday announced its financial results for the fiscal fourth quarter, showcasing a robust performance despite market challenges.

The company reported a net profit of Rs 21,243 crore, marking a marginal increase of 0.1 percent compared to the previous year. This exceeded analyst estimates, driven primarily by a recovery in its core oil-to-chemicals (O2C) business.

The profit attributable to the owners of the company stood at Rs 18,951 crore, slightly lower than the previous year's figure of Rs 19,299 crore.

However, RIL's revenue for the quarter ended March 31 surged to Rs 2.41 lakh crore, surpassing expectations. Analysts had projected a profit of Rs 18,248 crore on revenue of Rs 2.39 lakh crore, making RIL's performance notably stronger.

For the full fiscal year, RIL reported a 2.6 percent increase in revenue, reaching Rs 10 lakh crore. This growth was driven by the consumer and upstream businesses, offsetting a decline in O2C revenues due to a 13.5% year-over-year drop in average Brent crude prices.

Additionally, EBITDA rose by 16.1 percent to Rs 1.79 lakh crore for the year ended March 31, indicating solid operational performance.

"Reliance became the first Indian company to cross the Rs 100,000-crore threshold in pre-tax profits. Strong demand for fuels globally and limited flexibility in the refining system worldwide supported the margins and profitability of the O2C segment. The downstream chemical industry experienced increasingly challenging market conditions throughout the year. Despite headwinds, maintaining leading product positions, and feedstock flexibility through our operating model that prioritises cost management, we delivered a resilient performance. The KG-D6 block has achieved 30 MMSCMD of production and now accounts for 30% of India's domestic gas production." Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries Limited, said.

In the fourth quarter, consolidated EBITDA rose by 14.3% to Rs 47,150 crore compared to the same period last year. All four main segments of the company-O2C, Oil & Gas, Retail, and Jio-reported robust operating performance.

The oil-to-chemicals business demonstrated resilience, driven by strategic feedstock sourcing and strong domestic markets, which helped mitigate margin pressures. The oil and gas segment recorded a remarkable 47.5 percent growth from the previous year, showcasing its strong operational performance.

Reliance Industries Ltd's robust performance in the fourth quarter underscores its resilience and ability to navigate challenging market conditions, positioning the company for sustained growth in the future.