Reliance Industries Shares Surge 5% After Beating Earnings Estimates

BUSINESS

By Aniket Chakraborty Apr 29, 2025 Arrow

The stock closed at Rs 1,336.30, its biggest gain since June 2024.

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Net profit for Q4 FY25 grew by 2.4%, reaching Rs 19,407 crore.

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The company’s revenue for the quarter rose by 8.8%, totaling Rs 2.88 lakh crore.

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Growth was driven by strong performance in digital services, retail, and O2C businesses.

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Brokerages raised target prices for Reliance following the impressive earnings report.

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The surge in stock price came after lower depreciation, interest, and tax rates boosted profitability.

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The digital services segment saw robust growth, contributing to higher-than-expected results.

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Analysts were impressed by the earnings, especially in the O2C segment.

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With a strong Q4, Reliance Industries continues to be a leader on the Nifty 50 index.

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