Reliance Industries posts gross revenue of Rs 2.57 lakh crore for Q1 FY25 ...Middle East

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Mumbai: Reliance Industries on Friday reported quarterly gross revenue of Rs 2.57 lakh crore ($30.9 billion) for Q1 FY25, up 11.5 per cent year-on-year, led by order-to-cash (O2C) on higher oil and product prices and oil & gas segment with strong growth in volumes. Steady growth in consumer businesses also contributed to the increase in revenue. Its EBITDA increased by 2 per cent to Rs 42,748 crore ($5.1 billion), while strong contributions from oil & gas and consumer business offset weak O2C. Commenting on the results, Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries Limited, said, “Consolidated EBITDA for the quarter improved from a year ago period with strong contrib

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