Reliance Industries Limited — Updates, 16-01-2025: Press Release

**Update on Reliance Industries Limited: Consolidated Financial Results for the Quarter and Nine Months Ending December 31, 2024**

Reliance Industries reported a consolidated revenue of ₹267,186 crore, up 7.7% year-on-year (YoY), driven by growth across sectors. The consolidated EBITDA hit a record ₹48,003 crore, reflecting a 7.8% YoY increase, with a notable contribution from Jio Platforms and Reliance Retail, which reported profits after tax of ₹6,857 crore and ₹3,485 crore respectively. The Oil to Chemicals (O2C) segment grew 6% YoY, bolstered by robust domestic demand. Profit after tax and share from associates surged by 11.7% YoY to ₹21,930 crore, showcasing strong financial health.

Jio's performance was particularly strong with a 19.2% YoY revenue increase to ₹38,750 crore, driven by subscription growth and improved average revenue per user (ARPU), which rose to ₹203.3. Reliance Retail also performed well, with revenues increasing to ₹90,333 crore, up 8.8% YoY, supported by festive demand and expanded store footprints. The company’s capacity expansion and innovative offerings in technology services position it well for future growth, maintaining a positive outlook for sustained performance amid market dynamics.