Reliance Industries share price rises 1% after THIS update; do you own?

Reliance Industries share price rose over a per cent in Monday's trading session after the company announced that its step-down wholly-owned subsidiary, Nauyaan Tradings Private Limited (NTPL), has finalised the acquisition of a 74% equity stake in Nauyaan Shipyard Private Ltd (NSPL) from Welspun Corp Limited for ₹382.73 crore.

At 10:47 pm, Reliance Industries shares were trading at ₹1,293.25 apiece on the National Stock Exchange (NSE).

"Nauyaan Tradings Private Limited (NTPL), a step-down wholly owned subsidiary of the company has informed the company that it has today completed the acquisition of a 74 per cent equity stake in Nauyaan Shipyard Private Limited (NSPL) for an aggregate consideration of ₹382.73 crore from Welspun Corp Limited," RIL said in a stock exchange filing.

With this transaction, Nauyaan Shipyard Private has become an indirect subsidiary of RIL. Before the acquisition, NTPL had provided an unsecured loan of ₹93.66 crore to NSPL on an arm’s-length basis.

RIL mentioned that applications are being submitted to the relevant authorities to secure the necessary approvals under NSPL’s existing agreements.

Reliance Industries Q3 results highlights

In the third quarter, Reliance Industries reported a consolidated net profit of ₹18,540 crore, reflecting a 7 per cent year-on-year (YoY) increase from ₹17,265 crore in the same period last year. The company's consolidated revenue for the quarter reached ₹2.40 lakh crore, marking a 6.7 per cent YoY growth from ₹2.25 lakh crore in Q3FY24.

Earnings before interest, tax, depreciation, and amortization (EBITDA) rose 7.7 per cent to ₹43,789 crore, up from ₹40,656 crore in the previous year's quarter, while the EBITDA margin improved to 18.3 per cent from 18.1 per cent.

RIL’s flagship O2C business reported revenue of ₹1.49 lakh crore in Q3FY25, an increase from ₹1.41 lakh crore in the same period last year. The segment's EBITDA grew to ₹14,402 crore, up from ₹14,064 crore year-over-year. However, the EBITDA margin saw a slight decline to 9.6% from 10% YoY.

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