Reliance Industries Limited (RIL) has showcased a strong performance in Q2FY26, with consolidated net profit rising 14.3% year-on-year to ₹22,092 crore. The growth was fueled by its Oil-to-Chemical (O2C), digital services (Jio), and retail businesses.
Reliance Industries posted a consolidated net profit of ₹22,092 crore for the July-September quarter, marking a 14.3% increase compared to the same period last year. Consolidated revenue grew 10% to ₹2,83,548 crore, while EBITDA surged 14.6% to ₹50,367 crore. The company attributed this growth to robust domestic demand, accelerated digital business expansion through Jio, and increased production in the O2C segment.
RIL Chairman and MD Mukesh D. Ambani highlighted that strong contributions from O2C, Jio, and retail drove the quarterly performance. EBITDA grew 14.6% YoY, reflecting both the company’s strategic execution and India’s strong economic growth.
Despite volatility in energy markets, the O2C segment posted an impressive 20.9% growth in EBITDA to ₹15,008 crore. The throughput for O2C reached 20.8 million metric tons—the highest ever—supported by improved fuel margins and polymer deltas.
Jio Platforms Limited recorded a 15% YoY revenue growth, earning ₹42,652 crore, while EBITDA rose 17.7% to ₹18,757 crore. Average revenue per user (ARPU) increased 8.4% to ₹211.4.
The subscriber base crossed 500 million, including 234 million 5G users. JioAirFiber now serves 9.5 million users. Jio Chairman Akash Ambani stated that the company has provided connectivity and digital solutions to over 50 crore customers and is ready to scale its technology globally.
Reliance Retail posted 18% YoY growth, generating revenue of ₹90,018 crore and EBITDA of ₹6,816 crore (up 16.5%). Grocery and fashion & lifestyle segments grew 23% and 22% respectively. Store count increased to 19,821 outlets. Executive Director Isha Ambani credited the festive season and increased digital platform purchases for strengthening the business performance.
The oil and gas business experienced a natural decline, with revenue falling 2.6% and EBITDA decreasing 5.4%. Capital expenditure (CAPEX) for the quarter stood at ₹40,010 crore, fully covered by cash profit of ₹40,778 crore. Investments were focused on O2C capacity expansion, Jio’s 5G rollout, and new energy giga factories.