Reliance Industries Limited's (RIL)  Oil to Chemicals (O2C) segment Q3 FY25 revenue at Rs. 149,595 crore ($17.5 billion) up 6% Y-o-Y and Q3 FY25 EBITDA at Rs. 14,402 crore ($1.7 billion), up 2.4% Y-o-Y.

Segment revenue for Q3 FY25 increased by 6.0% Y-o-Y to Rs. 149,595 crore ($ 17.5 billion) primarily on account of higher production meant for sale as compared to Q3 FY24 which had planned maintenance and inspection shutdown of major units. Revenue growth was also supported by robust domestic demand and product placement. Domestic fuel retailing volume increased significantly with 43.7% growth in MS and 22.8% growth in HSD.

Segment EBITDA for Q3 FY25 increased by 2.4% Y-o-Y to Rs. 14,402 crore ($ 1.7 billion) following a strong volume-led growth and higher polymer deltas. RIL’s feedstock flexibility, benefits of ethane cracking over naphtha and focus on yield optimization helped offset the impact of unfavorable fuel cracks.

Commenting on the results, Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries Limited said, "The O2C business showcased its innate resilience, registering growth even in this prolonged period of volatility in the global energy markets. Refining margins recovered sequentially, with petrochemical deltas exhibiting a mixed trend. Upstream segment continues to play a pivotal role in providing the crucial transition fuel bolstering India’s energy security. As we stand at another iconic milestone today, we are geared up for the transformational growth that Reliance is set to experience in the near future.”

Under Clean N Green, RBML has expanded the CBG network to 32 sites retailing Bio-CNG manufactured at RIL’s digesters. RBML is also ramping up its network of CNG outlets.