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Reliance Industries

Reliance Industries

Investment Banking·snapshot·3y·complete|
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1Company Overview
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Company Overview

Reliance Industries Limited (RIL) was founded in 1958 by Dhirubhai Ambani as Reliance Commercial Corporation, initially engaged in commodity trading . Formally incorporated in 1966 as Reliance Textiles and Engineers, Ltd., the company is today headquartered in Mumbai, Maharashtra, India . RIL is India's largest private sector corporation and public company by both market capitalisation and revenue, operating across energy, petrochemicals, natural gas, retail, telecommunications, entertainment, and textiles . It serves primarily Indian domestic markets while maintaining a significant global export footprint .

2Financial Performance
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Financial Performance

Reliance Industries delivered consolidated revenue of Rs 10,71,174 crore (US$ 125.3 billion) in FY2025, representing 7.1% YoY growth from Rs 10,00,122 crore in FY2024 . FY2023 revenue stood at Rs 9,74,864 crore .

MetricFY2023FY2024FY2025YoY (FY25)
Revenue (Rs crore)9,74,86410,00,12210,71,174+7.1%
EBITDA (Rs crore)1,53,9201,78,2901,83,422+2.9%
EBITDA Margin15.8%17.8%17.1%-70 bps
PAT (Rs crore)73,67079,02081,309+2.9%

FY2025 EBITDA of Rs 1,83,422 crore grew 2.9% YoY, though the consolidated EBITDA margin compressed ~70 bps to 17.1%, as O2C segment EBITDA declined 11.9% YoY amid weaker transportation fuels and downstream chemical margins . PAT of Rs 81,309 crore rose 2.9% YoY, supported by consumer businesses — Retail, Digital Services, and Media and Entertainment — collectively contributing over 50% of consolidated EBITDA . No exceptional items were recorded in FY2023 through FY2025 .

Note: Consolidated EBITDA margin improvement from FY2023 to FY2024 (+200 bps) reflects favorable O2C conditions in that period; the FY2025 compression reflects structural margin pressure in the O2C segment .