Record-Breaking Revenue and Dividend Announcement

Reliance Industries Limited (RIL) has announced a dividend of Rs 5.5 per share for the fiscal year ending March 2025, following a remarkable 6.4% year-on-year increase in consolidated net profit to Rs 22,611 crore ($2.6 billion) for the January-March quarter.

Financial Highlights and Growth Drivers

The company achieved a historic annual consolidated revenue of Rs 1,071,174 crore ($125.3 billion), marking a 7.1% increase from the previous year. This growth was propelled by robust performance in consumer businesses and the oil-to-chemicals (O2C) segment. RIL also made history by becoming the first Indian company to surpass a total equity of over Rs 10 lakh crore in 2024-25.

Consumer and Digital Businesses Flourish

Reliance’s consumer businesses and Jio Platforms reported significant growth, with Jio adding 6.1 million net subscribers in the quarter. Reliance Retail also saw a 15.7% increase in gross revenue, opening 1,085 new stores.

Leadership and Future Outlook

Mukesh Ambani, Chairman and Managing Director, emphasized the company's focus on operational discipline and innovation. He highlighted the O2C segment's resilience and the promising future of the New Energy business. Reliance Jio's partnership with SpaceX to offer Starlink’s broadband services in India was also announced.