Reliance Industries is set to capture the spotlight today as it reveals its financial performance for the fourth quarter of 2025. Scheduled for April 25, 2025, the results will not only include earnings figures but also a discussion regarding potential funding initiatives and dividends on equity shares. Investors are eagerly awaiting insights into the company’s performance, particularly in the Oil-to-Chemicals segment, which is predicted to show varied results across different sectors.
Anticipated Q4 Performance of Reliance Industries
Market analysts are projecting a steady revenue performance for Reliance Industries in Q4 2025, albeit with mixed outcomes across its various segments. Seema Srivastava, a Senior Research Analyst at SMC Global Securities, mentioned that, “While Reliance is expected to maintain a solid revenue stream, the Oil-to-Chemicals (O2C) segment may act as a significant drag on overall performance.” This sector is anticipated to experience a year-over-year decline in EBITDA, largely due to weakening product cracks and stagnant petrochemical prices.
- Cost Factors: The company is facing higher input costs driven by a 28% quarter-on-quarter increase in ethane prices and stable naphtha costs.
- Declining Margins: Benchmark Singapore Gross Refining Margins (GRMs) have plummeted 58% year-over-year, indicating softness in global demand.
However, there is a silver lining as refining margins benefit from processing discounted crude oil from countries like Russia, Iraq, and Venezuela. The Oil & Gas sector is also expected to underperform, with a potential year-over-year EBITDA drop influenced by decreased production from the KG-D6 block, despite a slight increase in deepwater gas prices.
Positive Outlook for Digital Services and Retail
On a brighter note, the Digital Services division is projected to see promising EBITDA growth, driven by a 13% year-over-year increase in Average Revenue Per User (ARPU) following recent telecom tariff hikes. Additionally, the retail segment is expected to thrive, benefiting from strategic network expansions and improved sales realizations.
Investors will be keenly observing updates related to Jio, retail IPO timelines, advantages gained from discounted crude, the rollout of 5G technology, and advancements in renewable energy projects. Despite challenges within legacy businesses, the retail and digital segments are anticipated to foster medium-term growth.
Reliance Share Price Anticipations
Looking ahead to the company’s Q4 results, Mahesh M Ojha, AVP of Technical Research at Hensex Securities, noted that Reliance shares are currently trading in a sideways to positive trend. He forecasts potential value buying, stating, “If Reliance shares break above ₹1320 on a closing basis, we could see them reaching ₹1350 shortly.” The stock has critical support at ₹1288, with a risk of dipping to ₹1260 if it falls below this level.
Key Meeting Details
Reliance Industries has confirmed that its Board of Directors will convene on April 25, 2025, to discuss several important matters, including:
- Approval of the standalone and consolidated audited financial results for the quarter and year ending March 31, 2025.
- Consideration of raising funds through the issuance of secured or unsecured redeemable non-convertible debentures on a private placement basis.
- Recommendations for dividend distribution on equity shares for the financial year ending March 31, 2025.
As the financial landscape of Reliance Industries unfolds today, all eyes will be on the implications of these results for investors and market dynamics.
