Reliance Industries Q3: All-Round Strength Drives Double-Digit Growth

• Reliance Industries reported a 10% revenue increase to Rs 2.94 lakh crore in Q3, driven by telecom, retail, and O2C segments.
• Profit after tax rose 1.6% year-on-year to Rs 22,290 crore, despite higher finance costs due to 5G spectrum assets.
• Jio Platforms saw a 12.7% revenue increase and 16.4% EBITDA growth, expanding its subscriber base to 51.53 crore.
• Reliance Retail's revenue grew 8.1% to Rs 97,605 crore, opening 431 new stores and contributing 33% to RIL's total revenue.
• O2C business revenue increased 8.4% to Rs 1.62 lakh crore, with EBITDA up 14.6% due to strong fuel margins.

Why It Matters: Reliance Industries showcased robust Q3 performance with growth across all key business verticals.