Reliance Industries Q3: Double-Digit Growth, Jio Platforms Leads, Retail Expands

• Reliance Industries reported Q3 revenue of Rs 2.94 trillion, up 10% year-on-year, driven by telecom, retail, and oil-to-chemical segments.
• Jio Platforms led revenue growth with a 13% increase, reaching 515.3 million subscribers and an ARPU of Rs 213.7.
• Reliance Retail saw 8.1% revenue growth to Rs 976.05 billion, adding 431 new stores for a total of 19,979.
• O2C business revenue grew 8.4% to Rs 1.62 trillion, with EBITDA surging 14.6% due to higher fuel margins.
• Net debt stood at Rs 1.17 trillion, with cash and cash equivalents at Rs 2.29 trillion.

Why It Matters: Reliance Industries demonstrated strong Q3 operational resilience with double-digit revenue growth across key businesses.