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Reliance Industries Q2 Results: Profit Shoots up 41% YoY to Rs 25,548 Crore, Revenue Surges 29%
Oil-to-Chemicals and digital services drove the gain as consolidated EBITDA hit a record Rs 62,409 crore, the company said.
On Friday, Reliance Industries Ltd reported record consolidated gross revenue of Rs 3,62,268 crore, surging 27.8% year-on-year, with profit after tax rising 33.8% to Rs 29,550 crore for the quarter ended September 2026.
The Oil-to-Chemicals business drove growth, with revenue surging 44.2% as crude prices increased 40.6%; O2C EBITDA jumped 67.9% to Rs 25,203 crore due to stronger transportation fuel cracks.
Digital Services EBITDA grew 17.7% to Rs 22,223 crore, bolstered by subscriber additions, while Jio Platforms' 5G subscriber base crossed 300 million and total customers reached 542.4 million.
RIL Chairman Mukesh D Ambani highlighted Jio's record-setting listing on Indian bourses with over 22x subscription, stating "JPL is now India's second largest company."
Reliance Retail reported gross revenue growth of 6.4% to Rs 91,716 crore, though EBITDA declined 8.6% amid cost pressures; Ambani stated the domestic portfolio helped "navigate external volatility effectively.