Mukesh Ambani News / Jio rained money on Mukesh Ambani, made a profit of 18,540 crores

Reliance Industries (RIL) reported a net profit of Rs 18,540 crore in the third quarter of FY 2024-25, up 7.4%. This was made possible by Jio Infocomm's 24% profit and Reliance Retail's 10% profit growth. The company's total income stood at Rs 2.43 lakh crore.

Vikrant Shekhawat : Jan 17, 2025, 06:00 AM
Mukesh Ambani News: The country's largest company, Reliance Industries Limited (RIL), has performed brilliantly in the results of the third quarter of FY 2024-25. The company's net profit increased by 7.4% to Rs 18,540 crore. Reliance Jio and Reliance Retail have played an important role in this success, which registered strong growth in their respective sectors.

Profit of Rs 18,540 crore

During October-December 2024, Reliance's net profit stood at Rs 18,540 crore, as against Rs 17,265 crore in the same quarter last year. Operating income also reached Rs 2.43 lakh crore, up from Rs 2.27 lakh crore in the last financial year. There was a significant jump in profits as compared to July-September 2024.

Jio's profit increased by 24%

Reliance Jio earned a net profit of Rs 6,477 crore in this quarter, which was Rs 5,208 crore in the same period last year. This shows a growth of 24%. The increase in average revenue per user (ARPU) from customers and the increase in fees gave wings to this profit. Jio's income was Rs 29,307 crore, which was Rs 25,368 crore last year.

Reliance Retail recorded 10% growth

Reliance Retail Ventures recorded a profit of Rs 3,458 crore, which was Rs 3,145 crore in the same period last fiscal. This is a growth of 10% on a year-on-year basis. The expansion of the company and strong demand from customers were the main reasons behind this.

Key highlights of the results

Net profit: ₹18,540 crore (7.4% increase).

Operating income: ₹2.43 lakh crore.

Jio's profit: 24% rise to ₹6,477 crores.

Retail profit: 10% rise to ₹3,458 crores.

Reliance's future strategy

Reliance Industries is focused on expanding in the digital, energy, and retail sectors. This quarter's results not only highlight the company's strengths but also give positive signs for its future.