MUMBAI: Reliance Industries, India’s largest company in terms of market value, reported a 6% increase in quarterly profit to Rs 22,611 crore on Friday. This was driven by the strong performance of its digital and retail businesses, which offset the weakness in its traditional oil-to-chemicals (O2C) unit.
Revenue totalled over Rs 2.64 lakh crore, up about 10%. Operating profit, a yardstick for underlying business performance, increased 3% to Rs 46,471 crore. Expenses climbed by about 11% to Rs 2.4 lakh crore. Operating profit of O2C fell by 10% to Rs 15,080 crore due to a sharp decline in transportation fuel cracks and lower polyester chain margins.

Operating profit of the digital services business (Jio) surged 18% to Rs 17,278 crore due to higher subscriber numbers and the continued impact of the cellular tariff hike implemented last year. The residual impact of the tariff hike is expected to flow through by June this year, RIL said. Jio’s average revenue per user (ARPU) – a key metric that influences income – was Rs 206 in Q4FY25, up by about 14%. Launched in 2016, Jio had 488 million customers as of March 31, 2025, and saw data and voice traffic growth of about 20% and 4% on its network, respectively.Operating profit of the retail business shot up by 14% to Rs 6,721 crore due to improved efficiencies and a sharper product mix.
Operating profit of the oil & gas business declined nearly 9% to Rs 5,123 crore due to higher operating costs resulting from one-time maintenance activity and govt levies.