Reliance Industries announced its Q4FY25 results post-market hours on April 25, demonstrating resilience in its O2C segment despite a challenging global business environment. The O2C business posted a strong 15.4% year-on-year (YoY) revenue growth, reaching ₹1.65 lakh crore for the quarter.
EBITDA for the segment stood at ₹15,080 crore, reflecting a 4.7% increase from the previous quarter, though it showed a 10% decrease compared to the same period last year. The decline in YoY EBITDA was mainly attributed to a fall in transportation fuel cracks and polyester chain deltas, as highlighted by the company’s management.
Commenting on the performance, Mukesh Ambani, Chairman and Managing Director of Reliance Industries, said: “The oil to chemicals business posted a resilient performance despite considerable volatility in energy markets. Significant demand-supply imbalances in downstream chemicals markets have led to multi-year low margins. Our business teams ensured optimisation of integrated operations and feedstock costs to enhance margin capture across value chains.”
Further highlighting the O2C segment’s resilient performance, Reliance BP Mobility Limited (RBML) reported impressive growth in its sales volumes. The company operates a nationwide network of 1,916 outlets under the Jio-bp brand, up from 1,729 outlets in Q4 FY24.
Also read: Reliance Industries Q4 Results Live Updates
RBML’s quarterly sales for high-speed diesel (HSD), motor spirit (MS), and aviation turbine fuel (ATF) grew by 24.4%, 35.4%, and 46.8%, respectively, on a YoY basis, outperforming industry growth in these segments.
Meanwhile, the oil & gas segment reported stable performance, with revenue rising to ₹6,440 crore, up from ₹6,370 crore quarter-on-quarter but slightly lower than ₹6,468 crore in the previous year.
Ambani also noted that the oil & gas business recorded its highest annual EBITDA on record, driven by increased production from the KGD6 and CBM blocks.
Shares of Reliance Industries closed flat at ₹1,300.05 on the BSE, showing a minor decline of 0.12% ahead of the earnings announcement.
