BENGALURU - Reliance Industries Ltd , India's most valuable company, reported a fourth-quarter profit on Friday that rose 22.5% following strong performance across its energy, telecom and retail verticals.

The Mukesh Ambani-led conglomerate posted a consolidated profit of 162.03 billion Indian rupees in the quarter ended March 31, compared with 132.27 billion rupees a year earlier.

Revenue from Reliance's O2C operations — comprising the world's biggest refining complex at Jamnagar, and petrochemicals plants — rose 44.6% to 1.46 trillion rupees.

The company's results got a boost from its mainstay energy business and a jump in average revenue per user at its telecom unit. Reliance's retail business, which took a hit due to pandemic-related lockdowns, benefited from a rebound in consumer demand.

"The gradual opening up of economies coupled with sustained high utilization rates across sites and the improvement in transportation fuel margins and volumes have bolstered our O2C earnings," chairman and managing director Mukesh Ambani said.

The conglomerate's energy business reported strong refining margins on the back of higher gas and crude oil prices. Brent crude prices surged nearly 39% in the March quarter.

Revenue at the company's retail unit rose 23.2%, while its digital services segment reported a 20.2% jump in revenue. Telecom unit Jio Infocomm reported 24% jump in net profit.

(Reporting by Nallur Sethuraman in Bengaluru; Editing by Shounak Dasgupta)