(Reliance Industries share price target rises to ₹1,710 after robust Q4 FY24 results. Analysts stay bullish on growth prospects. Check full report here.)

Reliance Industries Share Price Surges Post Q4 Results: Here’s Why

Reliance Industries Limited (RIL) is back in the spotlight after announcing strong Q4 results for FY24. On April 27, 2025, several brokerages revised their Reliance share price targets upwards, with the highest projection now reaching ₹1,710.

Analysts cite robust performance across key segments like retail, digital services, and oil-to-chemical (O2C) businesses as major growth drivers.

Reliance Q4 FY24 Earnings Highlights: Key Numbers to Know

Reliance Industries posted a consolidated net profit of ₹21,243 crore in Q4 FY24, up 10.2% year-on-year. The company’s revenue stood at ₹2.19 lakh crore, marking a solid 7.5% rise compared to last year.

📊 Important Financial Highlights:

• Net Profit: ₹21,243 crore (up 10.2% YoY)
• Revenue: ₹2.19 lakh crore (up 7.5% YoY)
• EBITDA: ₹41,000 crore (up 8% YoY)
• Jio Platforms Revenue: ₹30,000 crore (up 12% YoY)
• Retail Segment Revenue: ₹75,000 crore (up 16% YoY)

The strong numbers across business verticals fueled optimism among market experts.

Analysts Raise Reliance Industries Share Price Target After Q4 Results

After the impressive Q4 performance, leading brokerages revised their Reliance Industries share price targets:

• Jefferies: Raised target to ₹1,710 from ₹1,600.
• Goldman Sachs: Revised to ₹1,650 from ₹1,570.
• Morgan Stanley: New target at ₹1,675, maintaining an “Overweight” rating.
• Motilal Oswal: Upgraded to ₹1,680 citing strong retail and digital growth.

🔎 Expert Insights:

• Jefferies commented: “Retail and digital services continue to deliver, and O2C margin recovery is encouraging.”
• Motilal Oswal stated: “Reliance is well-positioned to benefit from India’s consumption boom.”

(External Link for Reference: Business Standard Report)

Key Reasons Behind the Optimism of Reliance Stock

Analysts are bullish on Reliance Industries for multiple reasons:

✅ Retail Growth: Reliance Retail posted record revenues, showing expansion across categories like fashion, electronics, and groceries.

✅ Jio Platforms Strong Performance: Jio’s average revenue per user (ARPU) rose to ₹187, boosting overall telecom earnings.

✅ O2C Business Recovery: Improved refining margins and stable petrochemical demand supported the oil-to-chemical segment.

✅ New Energy Ventures: RIL’s aggressive expansion into green energy and hydrogen technology offers long-term growth potential.

✅ Debt Reduction: The company reported a lower net debt-to-EBITDA ratio, enhancing financial stability.

Reliance Share Price Movement Post Q4 Results

Since the Q4 results announcement, Reliance’s stock price has seen a notable jump:

• Pre-Results (April 26, 2025) Closing: ₹1,560
• Post-Results (April 28, 2025) Intraday High: ₹1,645
• Percentage Gain: +5.4% in two trading sessions

This surge reflects investor confidence in the company’s future earnings potential.

(Internal Link: Read also Latest Stock Market Updates)

Brokerage Ratings Summary for Reliance Industries

FAQs on Reliance Industries Share Price After Q4 Results

1. Why is Reliance Industries share price rising after Q4 results?

Reliance Industries posted strong earnings growth across retail, digital services, and O2C segments, leading to upward target revisions.

2. What is the new Reliance Industries share price target post Q4 FY24?

Several brokerages have revised Reliance’s share price target upwards, with Jefferies setting the highest target at ₹1,710.

3. Is it a good time to invest in Reliance Industries shares?

Analysts maintain a bullish outlook citing diversified business growth, strong fundamentals, and new energy investments. However, investors should evaluate based on risk appetite.

4. How did Reliance Retail perform in Q4 FY24?

Reliance Retail reported ₹75,000 crore in revenue, marking a 16% year-on-year growth driven by robust demand across verticals.

5. What are Reliance Industries’ future growth drivers?

Reliance’s focus on green energy, digital expansion through Jio, retail network growth, and O2C margin improvements are expected to drive future growth.

Conclusion: Will Reliance Industries Share Price Continue to Rally in 2025?

With strong fundamentals, diversified business verticals, and renewed focus on new energy technologies, Reliance Industries looks poised for sustainable growth in FY25 and beyond.

Brokerage upgrades and positive market sentiment further strengthen the bullish narrative. However, global economic factors and crude oil price fluctuations will remain key variables to watch.

(Disclaimer: This article is for informational purposes only. Please consult with a financial advisor before making any investment decisions.)

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