Reliance Industries Limited (RIGD) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good evening and a very happy new year to all of you. I'm very happy to welcome you to the third quarter of financial year 2025 business presentation from Reliance Industries Limited. As always, we have Srikanth walking you through the consolidated numbers first. Then we will have Kiran talk about Jio. We will have Anshuman talk about Jio numbers. Then we will have Dinesh Dalluja talk about retail and Sanjay Rai talking about our EMP performance, then Srikant will come back and then summarize. But before summarizing, we'll also talk about our O2C performance. Thank you, Srikant, and over to you. Thank you, Srini, and happy new year to all of you. We had a good operating quarter with strong performance in each of our segments. Revenue growth, EBITDA growth at close to 8% and a PAT growth of close to 12%. And specifically, the consumer businesses did well and so did O2C. We had strong sequential performance. In fact, if you were to look at EBITDA on an aggregate basis, sequentially up 9%. Retail was up 17% sequentially, O2C was up 16% sequentially. So strong improvement there. And in each of the businesses, retail, and we'll go through the slides, but it's on the back of a strong festive season. and good traction with our customers. On Jio, the story is about higher ARPU and the fact that we are adding consumers, especially in FTTH. OTC year on year has been steady, backed by feedstock optimization and strong domestic demand, and upstream has been a steady performance. Just one slide summary of the performance. As you can see, revenue in EBITDA almost 19% higher on a year-on-year basis, led by the benefit of Tarifike. As you can see, R2 at 203 rupees, which is up 12%, and also us adding almost 3.3 million subscribers during the quarter, of which two have been for home....