Financials
Reliance net profit jumps 41 % YoY to reach Rs 18,549 crores in Q3
Mumbai: Mukesh Ambani-led conglomerate Reliance Industries Ltd (RIL) continued its golden run, and posted a net profit of Rs 18,549 crores for the third quarter ended 31 December 2021. This is an increase of 41 per cent from ₹13,101 crore reported a year ago during the same period.
The company had posted a profit of Rs 13,680 crore in the September 2021 quarter.
“I am happy to announce that Reliance has posted best-ever quarterly performance in 3Q FY22 with a strong contribution from all our businesses. Both our consumer businesses, Retail, and Digital services have recorded the highest ever revenues and EBITDA,” said RIL chairman and MD Mukesh Ambani on Friday.
Ambani said the company continued to focus on strategic investments and partnerships across its businesses to drive future growth in the last quarter. “Retail business activity has normalised with strong growth in key consumption baskets on the back of festive season and as lockdowns eased across the country. Our digital services business has delivered broad-based, sustainable, and profitable growth through improved customer engagement and subscriber mix,” he added.
The consolidated revenue for the company by market-capitalisation grew to Rs 1,91,271 crore, up by 62 percent for the quarter from Rs 1,17,860 crore in the year-ago period. Revenues in the previous quarter stood at Rs 1,67,611 crore.
Reliance Jio’s revenue rise five per cent at Rs 19,347 crore
The net profit of Reliance Jio, the telecom arm of the company rose 10 per cent YoY to Rs 3,615 crore for Q3. It was Rs 3,291 crore in the last year period. The revenue rose five per cent at ₹19,347 crore as against ₹18,492 crore in the last year period. “Jio now has over five million connected wireline customers and has been consistently enhancing its FTTH product with new apps on STB, Society Centrex, 4K content on JioTV+, Home Secure, Home Automation, LiveTV and Gaming solutions,” the conglomerate said.
Jio also undertook ~20 per cent hike across prepaid plans effective 1 December 2021 in line with other industry operators. According to the company, while the ARPU is set to improve to Rs 151.6 led by a better subscriber mix and recent tariff hike, the full impact of tariff hike will be reflected in ARPU and financials over the next few quarters. During 3Q FY22, average data and voice consumption per user per month increased to 18.4 GB and 901 minutes, respectively.
Meanwhile, Jio continues to maintain its top position in the 4G speed chart with a 22.0 Mbps average download speed in December 2021, according to the latest Telecom Authority of India (Trai) report.
Ambani also highlighted that the recovery in global oil and energy markets supported strong fuel margins and helped its O2C business deliver robust earnings. “Our Oil & Gas segment delivered strong growth in EBITDA with volume growth and improved realisation. We are making steady progress towards achieving our vision of Net Carbon Zero by 2035. Our recent partnerships and investments in technology leaders in the solar and green energy space is illustrative of our commitment to partner India and the World in the transition to clean and green energy. We continue to pursue growth initiatives and collaborate with global leaders who share our vision of a sustainable future for our planet,” he added.
MUMBAI: It’s time to brief the markets: Page Industries is showing that even when regulations tighten, it can still keep its footing in the innerwear business. The Bengaluru-based apparel major has reported its financials for the quarter ended 31 December 2025, delivering a performance that remains steady and well put together.
The company’s top line showed plenty of elasticity this quarter. Revenue from operations stretched to Rs 1,38,675.71 lakhs, a healthy jump from the Rs 1,29,085.82 lakhs reported in the preceding quarter. Compared to the same period last year, which stood at Rs 1,31,305.10 lakhs, it’s clear the brand’s grip on the market isn’t loosening. Total income for the quarter, including other finance gains, reached a comfortable Rs 1,39,919.03 lakhs.
However, it wasn’t all smooth silk. The Government of India’s new unified Labour Codes, covering everything from wages to social security, officially kicked in on 21 November 2025. This regulatory shift forced Page Industries to account for a one-time “exceptional item” cost of Rs 3,500.42 lakhs to cover incremental employee benefits and related obligations. Despite this Rs 35-crore legislative snag, the underlying business remained robust. Profit before tax stood at Rs 25,625.35 lakhs after the exceptional hit, and without that one-off cost, the figure would have been a more muscular Rs 29,125.77 lakhs. Net profit for the quarter came in at Rs 18,953.64 lakhs.
Total expenses rose to Rs 1,10,793.26 lakhs, driven largely by raw material consumption of Rs 30,162.65 lakhs and employee benefits of Rs 23,310.66 lakhs. Even so, the company’s operational strength ensured the bottom line remained firmly stitched together.
For shareholders, the news is particularly “fitting.” The Board has declared a third interim dividend for 2025-26 of Rs 125 per equity share. The record date has been set for 11 February 2026, with the payment scheduled on or before 6 March 2026. This follows two previous interim dividends of Rs 150 and Rs 125 declared earlier in the financial year, reinforcing the company’s commitment to sharing the spoils of its success.
Looking at the nine-month stretch ending December 2025, Page Industries has amassed total income of Rs 4,04,090.59 lakhs, with total comprehensive income of Rs 58,231.49 lakhs. While the basic earnings per share for the quarter dipped slightly to Rs 169.93, compared to Rs 183.48 in the same quarter last year, the year-to-date EPS remains a solid Rs 524.57.
Auditors at S.R. Batliboi & Associates LLP have given the results a “limited review” thumbs up, reporting no material misstatements. It seems that, as far as Page Industries is concerned, the business remains as well-constructed as its famous Jockey briefs.
