Newsletter
Reliance Industries posted a monster FY25, with annual revenue crossing ₹10 lakh crore in revenue for the first time ever. Net profit for the year stood at ₹81,309 crore. The stock jumped over 5% on Monday.
Investors got a sweet bonus too, with a ₹5.5/share dividend.
Quick look at the numbers:
- Revenue: ₹2.40 lakh crore, up nearly 10% vs ₹2.18 lakh crore (YoY)
- Net Profit: ₹21,243 crore, up 0.2% from ₹21,327 crore (YoY)
For FY24, Jio Platforms’ revenue rose 17% YoY while profit soared 22%. At the same time, Reliance Retail posted an increase of 8% in revenue.
Retail: Revenue grew 8%. Reliance opened 1,085 stores, expanding its network to 19,340 locations and 349 million customers.
- Oil-to-Chemicals: highest-ever revenue at ₹6.2 lakh crore, with Jamnagar refinery hitting peak crude processing.
- JioStar (Media & Entertainment): pulled ₹10,006 crore in revenue after merging Hotstar with JioCinema.
- Energy & Fuel: Jio-bp expanded to 1,916 petrol pumps.
On a different note, Reliance has commissioned its first solar panel line at Jamnagar, part of its $10 billion green energy plan.
It’s targeting 10 GW of annual capacity by 2026, aiming to tap into the $12 trillion global energy transition market by 2050.
