Reliance Industries Third Quarter 2025 Earnings: Revenues Beat Expectations, EPS Lags

Reliance Industries (NSE:RELIANCE) Third Quarter 2025 Results

Key Financial Results

• Revenue: ₹2.40t (up 6.6% from 3Q 2024).
• Net income: ₹185.4b (up 7.4% from 3Q 2024).
• Profit margin: 7.7% (in line with 3Q 2024).
• EPS: ₹13.70 (up from ₹12.76 in 3Q 2024).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Reliance Industries Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) missed analyst estimates by 30%.

Looking ahead, revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Oil and Gas industry in India.

Performance of the Indian Oil and Gas industry.

The company's shares are up 4.9% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on Reliance Industries' balance sheet.

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