Reliance Industries Ltd (RIL) surprised the market with a strong set of Q4FY25 results, beating profit estimates and delivering healthy revenue growth. The company’s consolidated net profit rose to ₹19,407 crore, up 2.4% year-on-year, while revenue from operations jumped to ₹2.6 trillion, a 6.7% increase from a year ago. Following the announcement, the reliance share price rallied over 4%, hitting a five-month high, as investors weighed in on the stock’s outlook and debated whether to buy, hold, or sell the ril share.
Q4 Results at a Glance
- Reliance Industries also posted a consolidated net profit of ₹19,407 crore for the quarter ended in March, 2.4% higher than the corresponding period last year, and surpassing analysts’ estimates.
- Revenue from operations increased to ₹2.6 trillion, up 6.7% from an year earlier.
- The company announced dividend of ₹5.50 per equity share for FY25, reinforcing its commitment to return cash to its shareholders.
Segment Performance
- Reliance Retail saw net profit rise 30.4% year-on-year to ₹3,519 crore, with revenues up 16.3% to ₹78,622 crore.
- Jio Platforms delivered a 25.7% increase in net profit to ₹7,022 crore, driven by tariff hikes and subscriber growth; its ARPU climbed to ₹206.20 for the quarter.
How the Market Reacted to Reliance Share Price
- Shares of Reliance Industries soared 4.43% intraday to ₹1,358 per share, marking the largest gain since January this year.
- By midday, the reliance share price settled around ₹1,356, still up 4.3%, outperforming the 0.8% rise in the Nifty 50 index.
- This rally lifted RIL’s market capitalisation to approximately ₹18.09 trillion, reinforcing its position as India’s most valuable company.
Analysts’ View on Reliance Results
Motilal Oswal reiterated a Buy rating on RIL with a target price of ₹1,515, citing strong growth in retail and telecom despite minor cuts in Jio estimates.
CLSA maintained an Outperform stance and raised its target to ₹1,650, expecting a resumption of robust retail growth from Q1FY26.
Nomura also gave a Buy call with a ₹1,650 target, highlighting three near-term triggers: new energy scale-up, Jio tariff hikes, and a potential Jio IPO to unlock value.
JPMorgan stayed Overweight with a ₹1,530 price objective, pointing to Reliance Retail’s 16% YoY EBITDA growth as a key positive.
Key Drivers of Reliance Industries Share
- Retail Recovery: After a muted first half, retail revenue growth accelerated from 3% to 16% in Q4, boosting overall profitability.
- Telecom Strength: Jio’s sequential ARPU gains and subscriber additions underpin its role as a cash-cow for RIL.
- New Energy Ambitions: Reliance’s push into solar panels and battery storage promises to add to future earnings, with brokerages forecasting new energy could contribute up to 12% of PAT by FY2030.
Should You Buy, Hold, or Sell Reliance Share?
Most brokerages have kept Buy or Outperform ratings on RIL shares post-results, citing attractive valuations and diversified growth drivers.
Technical analysts note strong support at ₹1,190–₹1,220 levels, suggesting limited downside, while medium-term targets range between ₹1,430–₹1,500.
Conclusion
Reliance Industries’ Q4 results underscore its resilience across oil-to-chemicals, retail, and digital segments. With capex moderating, net debt on a downward trajectory, and new energy ventures gaining momentum, many experts remain bullish on the reliance share. The key takeaway is that Reliance’s broad business mix and steady cash flows make its stock a popular pick, but investors should watch for macroeconomic shifts and execution risks in new energy projects.
Disclaimer
This article is for informational purposes only and does not constitute financial advice. Readers should conduct their own research or consult a qualified financial advisor before making any investment decisions.
