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FINANCIAL PERFORMANCE

Reliance Industries posts small increase in Q4 net profi t

Reliance Industries Ltd. (RIL) re-
ported a consolidated net profit of
Rs. 19,407-crore for the Jan-March 2025
quarter, up 2.4% year-on-year, while
revenue rose 10% to Rs. 2.65 lakh-crore.
Oil-to-chemical (O2C) business, which
houses the company’s twin refi neries at
Jamnagar in Gujarat and petrochemical
plants, saw EBITDA fall 10 percent to
Rs. 15,080-crore in Q4 and 12 percent
in the full fi scal. It made good the fall
in cracks or margins by placing more
fuel in the domestic market. In the fuel
retail business, Jio-bp – its joint venture said FY2025 has been a challenging multi-year low margins. “Our business
with BP of the UK – saw diesel and year for the global business environ- teams ensured optimisation of inte-
petrol sales rise by 24.4 percent and ment, with weak macro-economic grated operations and feedstock costs
25.4 percent respectively in the quarter, conditions and a shifting geo-political to enhance margin capture across value
a company statement said. landscape. “Our focus on operational chains,” he said.
discipline, customer-centric innovation
Lower gas output from KG-D6 fi elds and fulfi lling India’s growth require- Anant Ambani appointed as ED
led to an 8.6 percent fall in the pre-tax ments has helped Reliance deliver a In another move, RIL said its Board
profi t of its oil and gas business to Rs. steady fi nancial performance during the of Directors, on the recommendation of
5,123-crore in Q4. “The average KGD6 year,” he said. the Human Resources, Nomination and
production for the 4Q is 26.73-million Remuneration Committee, considered
standard cubic metres per day of gas The O2C business posted a resilient and appointed Mr. Anant Ambani, a
and 19,000 barrels a day of oil,” it said. performance despite considerable Non-Executive Director of the company
volatility in energy markets. Signifi cant as Whole-time Director designated as
Commenting on the results, Mr. demand-supply imbalances in down- Executive Director for a period of fi ve
Mukesh Ambani, RIL Chairman & MD, stream chemicals markets have led to years with eff ect from May 1.

Long term vision critical for investments in Indian

cleantech sector: GEAPP

India’s eff orts to reduce the emis- important to see the bigger picture. The mate goals, including Net Zero by 2070,
sions intensity of its GDP by 45 percent whole start-up community needs to have clean technology solutions will play a
by 2030 and achieve energy self-reliance a bigger vision,” said Mr. Saurabh Kumar, pivotal role in materialising these targets.
by 2047 requires a long-term vision with Vice President India, at GEAPP, in an However, critical funding gaps persist,
investors analysing the big picture while interview with Hindu BusinessLine he emphasised.
investing in the clean technologies space, newspaper.
according to Global Energy Alliance for India needs around $300-bn in fund-
People and Planet (GEAPP). He highlighted the importance of ing to meet its ambitious climate targets.
events such as the ‘Start-up Maha- While it has an extensive start-up eco-
“In the clean technology space, in- kumbh’, and emphasised on projects for system, interest from venture capitalists
vestors have to be patient. On occasion, the incubation and growth of start-ups. is often low during project funding, and
certain start-ups might devise a techno- Besides, reducing the emission intensity climate ranks ninth in terms of priorities
logy ahead of its time, nevertheless, it is and achieving self-reliance, India’s cli- for venture capital, Mr. Kumar explained.

Chemical Weekly May 6, 2025 153

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