Reliance Industries Limited · NSE:RELIANCE
Reliance Industries — Q4 FY2025 Earnings Presentation
74 slides from Reliance Industries's earnings presentation, Apr 25, 2025
Slide 1: Exchange cover letter: presentation on audited financial results
April 25, 2025 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot No. C/1, G Block, Dalal Street, Bandra-Kurla Complex, Mumbai 400 001 Bandra (East) Mumbai 400 051 Scrip Code: 500325 Trading Symbol: RELIANCE Dear Sirs, Sub: Disclosure under Regulatio
Slide 2: Financial Results Presentation FY 2024-25 / 4Q FY2025
Financial Results Presentation FY 2024-25 / 4Q FY2025 25 April 2025 1
Slide 3: Forward Looking Statement
Forward Looking Statement This presentation contains forward-looking statements which may be identified by their use of words like “plans,” “expects,” “will,” “anticipates,” “believes,” “intends,” “projects,” “estimates” or other words of similar meaning. All statements that address expectations or
Slide 4: Table of Contents
Table of Contents # Particulars Page No. A Macro Environment and Performance 4 B Jio Platforms 10 C Reliance Retail 21 D JioStar 33 E Oil & Gas 40 F O2C 45 G New Energy 66 3
Slide 5: Macro Environment and Performance
A Macro Environment and Performance 4
Slide 6: Operating Context: FY24-25
Operating Context: FY24-25 1. Increased market volatility led by concerns on tariffs-related uncertainty, and continuing geopolitical conflicts 2. Significant pressure on O2C margins with new supplies largely from China in weak demand environment 3. RIL’s domestic focus helped insulate performance f
Slide 7: FY25: Year of Consolidation in a Volatile Global Environment
FY25: Year of Consolidation in a Volatile Global Environment Energy Business EBITDA 8% Jio Platforms EBITDA 17% • O2C performed significantly better than global peers • Continued technology and subscriber leadership • Impacted by weaker fuel cracks, polyester chain deltas • #1 globally outside China
Slide 8: Consolidated Financial Results: FY25
Consolidated Financial Results: FY25 YoY FY25 ➢ YoY Revenue growth led by robust performance Change Particulars in Jio Platforms and Retail Rs crore $ Mn1 % ➢ EBITDA growth driven by consumer businesses offsetting weakness in O2C Revenue 10,71,174 125,320 7.1% ➢ Net Profit growth YoY: EBITDA 1,83,42
Slide 9: Strong Balance Sheet: FY25
Strong Balance Sheet: FY25 FY24 FY25 Cash Profit vs Capex (Rs crore) Particulars Rs crore Rs crore $ Mn Gross Debt 3,24,622 3,47,530 40,659 1,41,969 1,46,917 Cash and Cash 1,25,951 2,08,341 2,30,447 26,961 1,09,099 Equivalents Net Debt 1,16,281 1,17,083 13,698 1,41,809 1,31,769 1,31,107 ➢ Maintainin
Slide 10: Consolidated Financial Results: Q4 FY25
Consolidated Financial Results: Q4 FY25 YoY % ➢ YoY Revenue up with double digit growth in Digital Services, Retail Rs. crore Q4 FY25 change ➢ YoY EBITDA growth driven by consumer businesses offsetting weak energy businesses Revenue 2,88,138 8.8% ✓ Digital Services is up 18.0% - ARPU growth (+13.5%)
Slide 11: Jio Platforms
ll CD B_ Jio Platforms 10
Slide 12: FY2025 and Q4 FY2025 Performance Highlights
FY2025 and Q4 FY2025 Performance Highlights ➢ Strong revenue and EBITDA growth driven by tariff hike and scale up of digital services ✓ Consolidated operating revenue at Rs 1,28,218 crore, growth of 17% YoY in FY25 and EBITDA at Rs 64,170 crore ✓ In Q4FY25, consolidated operating revenue and EBITDA
Slide 13: Mobility: Jio True5G Experience Leadership
Mobility: Jio True5G Experience Leadership Jio 5G Experience 5G Users 191Million (#1 globally outside China) 5G Traffic 45% (mix of wireless data traffic) 5G Download Experience 224Mbps (20% higher than competition) Source: Ookla Jio’s True 5G creates unparallelled network capacity at superlative cu
Slide 14: Jio at Mahakumbh (World's Largest Gathering)
Jio at Mahakumbh (World’s Largest Gathering) 660+ million Devotees Gathering within 40 Sq. Kms Area over 45 Days ➢ World’s most dense event (50 mn people a day) ➢ Limited access | No-vehicle zones ➢ Jammers for security | Drones causing Elastic network ➢ Meticulously planned HetNet Serving design to
Slide 15: Homes: Jio's FWA Stack Scales to Global Leadership
Homes: Jio’s FWA Stack Scales to Global Leadership 5G/ UBR ➢ Jio has developed and operationalized world’s first point to multipoint wireless solution for fixed broadband Home #1 ➢ Multiple homes serviced with single outdoor unit (ODU) Switch lowering the cost of deployment ➢ Outdoor unit delivering
Slide 16: Homes: On Track To Connect 100 Mn Homes
Homes: On Track To Connect 100 Mn Homes AirFiber Subscribers (Million) ➢ 90% of industry net adds, ~5x higher than 5.6 nearest competitor in the trailing 6 months 4.4 2.9 ➢ JioHome subscribers crosses 18mn, adding 1.5 ~1.5mn in the quarter 0.7 ✓ AirFiber subscribers crossed 5.6mn Mar-24 Jun-24 Sep-2
Slide 17: Technology Superiority: Successful Deployment of Private 5G
Technology Superiority: Successful Deployment of Private 5G Deployment of Private 5G for Secure, Low-latency, High-bandwidth Connectivity Private 5G Company Premises 5G Radio Mobility Public 5G Robotic Video Users Transport Core Automation Surveillance Secure Tunnel Private Private 5G Private 5G Use
Slide 18: RJIL: Key Operating Metrics
RJIL: Key Operating Metrics Q4 Q3 Q4 ➢ Subscriber addition momentum Particulars Unit FY24 FY25 FY25 increased with net addition of 6.1 million Total customer base Million 481.8 482.1 488.2 in Q4FY25 Net customer addition Million 10.9 3.3 6.1 ➢ Residual impact of tariff hike and better ARPU Rs / mont
Slide 19: RJIL: Q4 FY25 Financials
RJIL: Q4 FY25 Financials Operating Revenue (Rs crore) EBITDA (Rs crore) 30,018 16,188 29,307 15,798 28,338 15,225 26,478 14,022 25,959 13,734 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 ➢ RJIL operating revenue growth of 15.6% YoY driven by sustained impact of tariff revisi
Slide 20: RJIL: FY25 Financials
RJIL: FY25 Financials Operating Revenue (Rs crore) EBITDA (Rs crore) 1,14,140 61,233 1,00,119 52,878 90,786 47,034 76,977 37,857 69,888 31,461 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 ➢ RJIL revenue up 14.0% YoY due to tariff hike impact and scale up of Home and Enterprise businesses ➢ EBIT
Slide 21: Jio Platforms Limited: Key Financials
Jio Platforms Limited: Key Financials JPL Consolidated ➢ FY25 Revenue and EBITDA growth of Rs. crore Q4 FY24 Q3 FY25 Q4 FY25 FY24 FY25 ~17% YoY, with consistent EBITDA Gross Revenue* 33,835 38,750 39,853 1,28,521 1,50,270 margins of ~50% Operating Revenue 28,871 33,074 33,986 1,09,558 1,28,218 EBITD
Slide 22: Reliance Retail
MM C Reliance Retail 21
Slide 23: FY25: Key Performance Highlights
FY25: Key Performance Highlights ➢ FY25 Gross revenue of Rs. 3,30,870 crore, +8% YoY; Q4 FY25 gross revenue +16% YoY ➢ FY25 EBITDA at Rs 25,053 crore, +9% YoY; EBITDA margin from operations at 8.3% for FY25, +20 bps YoY ➢ JioMart expands quick hyper local deliveries; delivers 2.4x QoQ growth of exit
Slide 24: Financial Performance
Financial Performance % Change % Change Q4 FY24 Q4 FY25 Parameter FY24 FY25 In Rs. crore In Rs. crore YoY In Rs. crore In Rs. crore YoY 76,627 88,620 16% Gross Revenue 3,06,786 3,30,870 8% 67,610 78,622 16% Net Revenue 2,73,079 2,90,979 7% 5,680 6,510 15% EBITDA from Operations 22,222 24,265 9% 8.4%
Slide 25: Lf Sopp tecttinas
Lf Sopp tecttinas 9 leeramandi ° : 1 MAY i” a eae > HOUSE OF [HN — BY AJIO — Exclusive Heeramandi Inspired Collection” FLAT 2500 OFF” ron new sens Shop Now! j, Tar “yr y H , BRIDGING Ze a 3 SiON | WELCOME TO THE LARGEST COLLECTION OF INTERNATIONAL BRANDS | SHOP NOW
Slide 26: Update on Consumption Baskets
Update on Consumption Baskets 25
Slide 27: Consumer Electronics
Consumer Electronics ➢ Stores maintained their growth momentum led by growth in Average Bill Value (+26% YoY) and improvement in conversions (+200 bps) ➢ Successfully executed ‘Digital India Sale’ event to drive consumer engagement, sales up 11% YoY ➢ Early onset of summer drive AC and cooler sales;
Slide 28: Fashion & Lifestyle (1/3)
Fashion & Lifestyle (1/3) ➢ Business delivered steady performance led by wedding season and regional festivals ➢ Launched brand campaigns to strengthen market position in target customer segments: ✓ ‘New Times, New Trends’ brand repositioning campaign for Trends New Times, New Trends campaign ✓ Gen-
Slide 29: Fashion & Lifestyle (2/3)
Fashion & Lifestyle (2/3) Ajio B2C and Shein ➢ Continue to deliver steady growth; added 1.9 Mn new customers during quarter ➢ Strengthened portfolio to 2.4 Mn options 44% YoY growth ✓ External brands share up 11% YoY driven by trendy and market relevant brands AJIO All Star Sale ➢ Launched same day
Slide 30: Fashion & Lifestyle (3/3)
Fashion & Lifestyle (3/3) Premium Brands ➢ Growing omni channel presence - out of store / distance selling contributed 8% in luxury and bridge to luxury ➢ Launched Maje, a women’s ready to wear accessible luxury brand in India ➢ Re-pivoted go to market strategy for Vision Express, launched global Ma
Slide 31: Grocery Offline
Grocery Offline ➢ Grocery stores outperform with industry leading performance ➢ Scaling-up FreshPik & GoFresh, providing differentiated assortments & shopping experience ➢ Robust growth across categories led by General Merchandise and value apparel ➢ Strong consumer demand for niche & premium produc
Slide 32: JioMart
JioMart ➢ Horizontal platform serving all customer needs through quick hyper local deliveries, scheduled deliveries and daily subscription ✓ Average daily orders up 62% YoY ➢ Accelerated quick hyper-local deliveries; operations scaled to 4,000+ pin codes across 2,100+ stores ✓ 2.4x QoQ growth in exi
Slide 33: Consumer Brands
Consumer Brands Beverages category Staples category on Key Acquisitions of New launches – growing rapidly – Campa strong growth momentum heritage and modern Campa Energy and gained double-digit market – led by Independence Indian brands (SIL, sports drink Spinner share in key markets Velvette and Ta
Slide 34: JioStar
D JioStar 33
Slide 35: India's Largest Media and Entertainment Platform
India’s Largest Media and Entertainment Platform DIGITAL ENTERTAINMENT Hours of content Originals / Exclusives. ~ 20K Highest no. of Hours in ~320K limitless entertainment 250+ Highest no. of originals Hollywood Hours 800 Mn+ TV BROADCAST SPORTS ACROSS DIGITAL & TV TV 24 800+ Bn 100+ 30+ HD Channels
Slide 36: Creating Delightful Content Experiences
Creating Delightful Content Experiences Entertainment Sports Pioneered New Live Event Home to 320K+ hours of content Home of cricket and marquee including 20K+ international sports tournaments Formats hours Live Music: live streamed Coldplay’s largest ever concert - 8.3 mn views Delivered the larges
Slide 37: Visuals from Key Ad Campaigns
Visuals from Key Ad Campaigns 36
Slide 38: Setting Global Benchmarks in a Short Period of Time
Setting Global Benchmarks in a Short Period of Time ~280 Mn ~503 Mn 61 Mn Live Subscribers MAUs Concurrency Significantly ahead of Record set during Second highest globally competition Champions Trophy 320K Hours of 34% TV >85% Share of Content Market-share Sports Viewing 6x that of next two OTT Equ
Slide 39: Operational Performance: FY25
Operational Performance: FY25 ➢ Launched ‘JioHotstar app’ with best features from legacy apps Seamless ➢ Seamlessly migrated 500 million+ users and massive content library within 3 months since Relaunched App the merger India’s Largest ➢ Garnered ~280mn paying subscribers to become the world’s 2nd l
Slide 40: Financial Performance: FY25 (Since Merger)
Financial Performance: FY25 (Since Merger) Rs. Crore FY2025(1) ➢ Merger consummated in less than 9 months (on 14 November 2024) Revenue from Operations 9,497 ➢ FY25(1) revenue at Rs 9,497 crore and EBITDA at Rs 266 crore Total Cost 9,231 ➢ Robust financial performance despite challenging EBITDA 266
Slide 41: Oil & Gas
E Oil & Gas 40
Slide 42: Financial Performance: FY25
Financial Performance: FY25 FY25 % change Particulars Rs crore YoY ➢ Highest annual EBITDA driven by higher KGD6 & CBM Revenue 25,211 3.2% production, constrained by lower gas price EBITDA 21,188 4.9% ➢ Focus on safe, reliable & incident-free operations EBITDA Margin 84.0% 140 Bps ➢ KG D6 production
Slide 43: Financial Performance: 4Q FY25
Financial Performance: 4Q FY25 4Q FY25 % change ➢ YoY Revenue remained stable Particulars Rs crore YoY ✓ Improved KG D6 gas price realization and higher CBM Revenue 6,440 (0.4)% volumes EBITDA 5,123 (8.6)% ✓ EBITDA impacted by lower KG D6 gas production, lower CBM price and maintenance activities EB
Slide 44: Global Gas / LNG Markets
Global Gas / LNG Markets Historical Prices ($ / MMBtu) ➢ Strong winter demand and geopolitical tensions supported prices 20 ✓ Spot LNG prices held firm at ~$14/MMBtu during Q4 15 FY25 ✓ Delay in LNG projects, and stoppage of Russian gas 10 through Ukraine supported prices ➢ Weaker Asian demand and e
Slide 45: India Gas Market
India Gas Market ➢ Gas consumption increased by 8 MMSCMD Ceiling Price Vs WIM LNG ($/MMBtu) (4%) to 196 MMSCMD in FY25 over FY24 32.59 29.32 ✓ New pipeline connectivity added to the 28.02 incremental demand ✓ Key sector contributing to growth were CGD (12%) and Petchem (~23%) 12.91 13.68 9.78 12.12
Slide 46: Oil to Chemicals
F Oil to Chemicals 45
Slide 47: Financial Performance: FY25
Financial Performance: FY25 ➢ Sharp decline in annual margins – fuel cracks down 36- 41%, chemicals down 2-13% due to global demand slowdown FY25 % change coinciding with aggressive Chinese capacity additions Particulars Rs crore YoY ➢ Weak margins partially offset by: ✓ Strong India demand - Gasoli
Slide 48: Fuels: Fuel Cracks Below 5-year Average
Fuels: Fuel Cracks Below 5-year Average FY25 Avg. Product YoY Change Position Key Factors Price / Margin Geopolitical trade disruptions and Brent crude 3% above 5% $78.9/bbl likely increase of output by price 5-year avg OPEC+ 25% below Gasoil cracks 37% $14.4/bbl Weak demand from EU, China 5-year av
Slide 49: Downstream: Multi-year Low Margin Environment
Downstream: Multi-year Low Margin Environment FY25 Avg. Product YoY Change Position Key Factors Price / Margin 4% below Supply constraints due to Naphtha prices 4% $646/MT 5-year avg higher demand from new cracker start-ups Oversupply led by increased US Ethane 9% 21.1 cpg 5-year low ethane recovery
Slide 50: Strong Domestic Placement Driven by Jio-bp
Strong Domestic Placement Driven by Jio-bp Volume Growth MS & HSD: ATF: E Mobility: CBG & CNG: (FY25 vs FY24) 6.0 Mn KL (35%) 0.8 Mn KL (62%) 34 GWh (285%) 24 TMT Market Share & MS: HSD: ATF: Market Share:3.3% 5.2% 8.3%; 1.5 times Effectiveness (ME)1 ME:1.6 ME: 2.6 Mar’24 exit CBG & CNG Convenience
Slide 51: Operating Performance: FY25
Operating Performance: FY25 Volume (in MMT) FY24 FY25 ➢ Record total throughput of 80.5 MMT Throughput 78.2 80.5 ➢ Major secondary units like Platformer and FCC throughputs Production meant for sale maximized with supplementary feedstock processing Transportation fuels 43.7 46.7 ➢ Aromatics producti
Slide 52: Financial Performance: 4Q FY25
Financial Performance: 4Q FY25 ➢ YoY EBITDA impacted by weak fuel cracks (down 27-55%) and 4Q FY25 % change polyester chain deltas (down 15%) Particulars ✓ Partially offset by strength in Polymers and Elastomer deltas Rs crore YoY ‒ PP (+4%), PVC (+13%), PBR (+10%), SBR (+15%) ➢ YoY operating perfor
Slide 53: Energy Market Environment: 4Q FY25
Energy Market Environment: 4Q FY25 Avg. Brent Crude ($/bbl) ➢ Average Brent Crude prices fell 9% YoY ✓ Concerns on tariffs and anticipation of future OPEC+ 84.9 83.2 supply adjustments led to fall in price 80.2 74.7 75.7 ➢ US Ethane price averaged at 27 cpg for 4Q FY25, up 42% YoY from low base; ✓ E
Slide 54: Global Oil Demand: 4Q FY25
Global Oil Demand: 4Q FY25 Global Oil Demand (Million Barrels Per Day) ➢ Global oil demand rose by 1.2 mb/d Y-o-Y in 4Q FY25 103.5 102.4 101.2 ✓ Major growth in Asia ( 0.4 mb/d) and OECD Americas ( 0.4 mb/d) ➢ Transportation fuel demand growth remained firm 4QFY24 3QFY25 4QFY25 ✓ Gasoline up 0.39
Slide 55: Fuel Markets: Gasoline
Fuel Markets: Gasoline Gasoline Cracks ($ / bbl) 4Q FY25 Drivers ✓ Cracks fell YoY on weak China demand with increasing EV penetration 13.3 ‒ Healthy gasoline inventory levels in Singapore and start of new refineries increasing supply 9.5 ✓ India gasoline demand up 5.8% YoY supported by growing 6.5
Slide 56: Fuel Markets: Diesel
Fuel Markets: Diesel Gasoil Cracks ($ / bbl) 4Q FY25 Drivers ✓ Cracks fell YoY due to elevated middle distillate stocks in Singapore region, higher exports from ME and well-supplied 23.1 Europe market ahead of winter 19.3 ✓ India HSD demand up 1.1% YoY supported by resilient 15.1 14.3 demand from ag
Slide 57: Fuel Markets: ATF / Kero
Fuel Markets: ATF / Kero ATF Cracks ($ / bbl) 4Q FY25 Drivers ✓ Global Jet cracks fell in line with Diesel 21.1 ✓ Domestic ATF demand up 6.5% YoY supported by 15.7 14.8 sharp rise in air traffic 13.2 RIL Actions ✓ Air bp-Jio volume growth of 47% Near-term Dynamics 4Q FY24 3Q FY25 4Q FY25 ✓ Holiday s
Slide 58: Polymer Market: PE
Polymer Market: PE PE Deltas ($/MT) 4Q FY25 Drivers ✓ PE delta over naphtha decreased 10% YoY due to decline in 387 product prices. 308 ✓ Domestic demand up 1% led by retail and food packaging 294 277 sectors RIL Actions ✓ Maximized light feed cracking Near-term Dynamics ✓ Domestic demand to remain
Slide 59: Polymer Market: PP
Polymer Market: PP PP Deltas ($/MT) 4Q FY25 Drivers 430 ✓ PP delta up 4% YoY led by lower feedstock prices. ✓ Domestic demand up 7% led by consumer durables, 300 308 312 furniture and households' sectors RIL Actions ✓ Maximized placements in domestic markets with focus on high netback specialty grad
Slide 60: Polymer Market: PVC
Polymer Market: PVC PVC Deltas ($/MT) 4Q FY25 Drivers ✓ PVC delta improved with 30% YoY decline in EDC prices 472 ✓ Domestic PVC demand up 10% led by agriculture and 361 infrastructure 356 316 RIL Actions ✓ Improved asset availability helped to address domestic demand growth Near-term Dynamics ✓ Dom
Slide 61: Polyester Chain
Polyester Chain Polyester Chain Deltas ($/MT) 4Q FY25 Drivers ✓ Polyester chain delta down 15%, due to 40% decline in PX 527 486 deltas with higher PX supplies. 430 412 ✓ Downstream polyester deltas improved by 16%-17% with lower feedstock prices RIL Actions ✓ RIL optimized PX production based on PX
Slide 62: O2C Expansion Projects: Specialty Polyester
O2C Expansion Projects: Specialty Polyester RIL 1 MMTPA expansion project for Specialized Polyester Products by 2026-27 A world-class, world-scale project, catering to high- Backward integration with 3MMTPA PTA facility planned with: growth consumer and downstream segments: ➢ Best upstream and downs
Slide 63: O2C Expansion Projects: Vinyl Chain (1/2)
O2C Expansion Projects: Vinyl Chain (1/2) Integrated 1.5 MMTPA PVC project will make RIL 5th largest PVC producer globally Project Blueprint Caustic chlorine plant EDC plant VCM and PVC plants CPVC plants Dahej Dahej Nagothane Dahej Major Sectors Targeted: ➢ Pipes & fittings ➢ Window profiles ➢ Wire
Slide 64: O2C Expansion Projects: Vinyl Chain (2/2)
O2C Expansion Projects: Vinyl Chain (2/2) Project Updates Site Visuals ➢ Acquired land near Dahej Manufacturing Division - built multi-modal facilities for logistics of salt and caustic soda lye ➢ Acquired Nauyaan Shipyard - infrastructure for coastal salt receipts, related logistics being developed
Slide 65: Business Dynamics and Priorities (1/2)
Business Dynamics and Priorities (1/2) Business Dynamics ➢ O2C business exposed to global energy markets; tariff actions pose challenges, provide opportunity ✓ Global oil demand to grow at slower pace of 0.7 mb/d, negatively impacting fuel demand and cracks ✓ Crude price to be range bound with OPEC+
Slide 66: Business Dynamics and Priorities (2/2)
Business Dynamics and Priorities (2/2) Business Priorities ➢ Maximizing margin capture across value chain with focus on competitive crude and ethane sourcing ➢ Renewed thrust on ramping up of domestic sales in retail and industrial sectors ➢ Minimize freight cost through TC vessels, larger parcels b
Slide 67: New Energy
G New Energy 66
Slide 68: Building an End-to-End New Energy Ecosystem
Building an End-to-End New Energy Ecosystem 1 Our Strengths Polysilicon to Solar PV modules manufacturing 10 GW per annum capacity which can be expanded modularly ✓ Full integration across value chain 2 Integrated Advanced Chemistry based battery manufacturing ✓ Largest in scale 30 GWh initial capac
Slide 69: First Line of Solar PV Module Commissioned (1/3)
First Line of Solar PV Module Commissioned (1/3) Electroluminescence Inspection Packaging Best in class HJT technology, digital at inception and future-proof manufacturing 68
Slide 70: First Line of Solar PV Module Commissioned (2/3)
First Line of Solar PV Module Commissioned (2/3) Edge Trimming Junction Box Mounting Best in class HJT technology, digital at inception and future-proof manufacturing 69
Slide 71: First Line of Solar PV Module Commissioned (3/3)
First Line of Solar PV Module Commissioned (3/3) Back Support Bar Placement Automated Guided Vehicle Best in class HJT technology, digital at inception and future-proof manufacturing 70
Slide 72: Bio Energy – Already one of India's largest with 10 plants
Bio Energy – Already one of India’s largest with 10 plants ➢ 10 CBG plants operational ~ 195 TPD production capacity - on track to deliver 55 CBG plants ➢ Advanced Biofuels targeting various mobility and BARABANKI HOSHIARPUR transportation segments ➢ Energy plantation pilot initiated on 1,000 acres
Slide 73: Summary
Summary ➢ Robust performance benefitting from strong India macro, world-class assets and agile operations ➢ Jio – World’s largest data company with established network leadership in 5G ✓ Encouraging data consumption trends, tariff revisions well absorbed ✓ Differentiated offerings for Mobility, Home
Slide 74: Thank You
THANK YOU 73
Reliance Industries — Q4 FY2025 Earnings Presentation on 6ix