Reliance Industries Limited (RIL), led by Mukesh Ambani, is set to announce its fourth-quarter financial results for FY 2024–25 today, April 25, 2025. The company has also scheduled discussions on fund-raising proposals and dividend declarations for the same day. As a heavyweight in the Indian stock market, Reliance Industries Limited (RIL) Q4 results are being closely watched by investors and analysts alike.
According to experts, the company is expected to deliver a steady topline performance; however, results across different segments may vary significantly. In particular, the Oil-to-Chemicals (O2C) division—long seen as a cornerstone of RIL’s revenue—could weigh on the overall performance due to global demand softness and declining product margins. The Digital Services and Retail segments, on the other hand, are anticipated to report strong growth, supported by increased subscriber revenue and expanded retail networks.
Segment-Wise Forecasts Paint a Mixed Picture
Seema Srivastava, Senior Research Analyst at SMC Global Securities, noted that while Reliance’s overall revenue might remain stable, the O2C segment is likely to face headwinds. A year-on-year (YoY) fall in EBITDA from this division is expected, driven by higher input costs, weak petrochemical pricing, and a sharp 58% YoY decline in Singapore gross refining margins (GRMs). These pressures are only partially mitigated by discounted crude imports from countries like Russia and Iraq.
The Oil & Gas segment is also projected to underperform, with reduced output from the KG-D6 block dragging down EBITDA despite a 2% YoY rise in deepwater gas prices.
In contrast, Digital Services is forecasted to post a healthy rise in earnings, fueled by a 13% YoY increase in average revenue per user (ARPU) and a modest growth in subscriber base. Retail is also expected to shine, thanks to ongoing expansion and improved margins. Market watchers are particularly interested in management commentary regarding upcoming IPOs for Jio and Retail, updates on the 5G rollout, and progress in renewable energy ventures—all key indicators of Reliance Industries Limited (RIL) future strategy and medium-term potential.
Technical Trends and Investor Sentiment
On the technical front, Reliance shares are trading with a sideways-to-positive bias. Mahesh M Ojha, AVP – Technical Research at Hensex Securities, suggests that a close above ₹1320 could trigger a rally toward ₹1350, while support levels are pegged at ₹1288 and ₹1260 on the downside. Given the broader anticipation surrounding the Q4 results, some value buying is expected if the results align with market expectations.
Reliance Industries Limited (RIL) has officially confirmed that today’s board meeting will also address proposals for raising funds through the issuance of non-convertible debentures and recommend dividends for FY 2024–25. The outcome of the board meeting, particularly the financial performance and forward-looking guidance, will be crucial in shaping investor sentiment in the days ahead.
