Reliance Industries Ltd (RIL) started the trading session on a high note on April 28, with its shares rallying over 3 percent in early morning deals. The stock emerged as the top gainer on the Nifty 50 index, following the announcement of the company’s impressive Q4 FY25 results, which beat market expectations across key financial metrics.
The Mukesh Ambani-led conglomerate reported a 2.4 percent growth in net profit attributable to shareholders, which rose to ₹19,407 crore for the quarter ended March 31, 2025. This performance was better than what analysts on the Street had anticipated. The profit growth was driven by lower depreciation, a decline in interest expenses, and a reduction in the effective tax rate, giving a significant boost to the bottom line.
On the revenue front, Reliance Industries posted an 8.8 percent year-on-year increase, with revenues climbing to ₹2.88 lakh crore for the March quarter. This strong revenue growth was supported by solid performances across its major business segments — digital services, retail, and oil-to-chemicals (O2C).
The digital services arm of Reliance, including Jio platforms, continued to show strong momentum, riding on increased data consumption and subscriber growth. Meanwhile, the retail division witnessed a robust uptick, benefiting from expanded store networks and higher consumer spending trends. In the traditional businesses, the oil-to-chemicals (O2C) segment exceeded expectations, driven by improved margins and stable demand conditions.
Following the release of the results, several leading brokerages reiterated their positive stance on Reliance Industries. Analysts raised their target prices for the stock, highlighting the company’s resilient performance across segments and stronger-than-expected contribution from the O2C division. The consistent growth across diversified business verticals has been a major factor in sustaining investor confidence.
Reflecting the bullish sentiment, Reliance Industries shares were seen trading at ₹1,339.60 apiece on the NSE, up 3 percent, as of 9:40 AM. The sharp movement in the stock price added considerable weight to the broader market, given Reliance’s heavy influence on the Nifty 50 index.
Reliance Industries has once again demonstrated its ability to navigate through economic cycles with remarkable agility and strength. The diversified nature of its business — spanning telecom, retail, and petrochemicals — allows it to capture growth opportunities across various sectors, reducing its dependency on any single revenue stream.
For investors, the company’s steady financial performance, strong balance sheet, and future growth potential in emerging sectors like green energy and digital technology continue to offer long-term value. Analysts believe that Reliance’s aggressive investments in new-age businesses, coupled with solid execution in core areas, position it favorably for sustainable growth.
The company’s focus on expanding its retail footprint, strengthening its digital ecosystem through Jio, and driving efficiencies in its O2C business has started yielding tangible results, as seen in the March quarter numbers.
With brokerages maintaining a bullish view and raising their target prices, Reliance Industries is likely to remain a stock to watch in the coming quarters. Investors will also keep an eye on the company’s future announcements, particularly in the new energy segment and 5G expansions, which could open up additional avenues for growth.
In conclusion, Reliance Industries’ strong Q4 FY25 performance reaffirms its leadership position in the Indian corporate landscape. Backed by a robust business model, strategic investments, and consistent execution, the company looks well-prepared to capitalize on both domestic and global growth opportunities.
