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Reliance Industries Q2 results: Consolidated revenue jumps 27.8%, net profit rises 33.8%
Reliance Industries Ltd reported Q2 FY27 consolidated revenue of Rs 3,62,268 crore, a 27.8% year-on-year surge to a record figure for the
Key points
- Reliance Industries Ltd reported Q2 FY27 consolidated revenue of Rs 3,62,268 crore, a 27.8% year-on-year surge to a record figure for the
- Net profit after tax rose 33.8% to Rs 29,550 crore, while Oil-to-Chemicals EBITDA jumped 67.9% to Rs 25,203 crore driven by stronger fuel
- Jio Platforms total customers reached 542.4 million at the end of September, with its 5G subscriber base crossing 300 million and EBITDA
Why it matters. Reliance's record Q2 revenue and profit growth demonstrate the strength of its integrated business model, particularly the synergy between its volatile Oil-to-Chemicals segment and the high-growth Digital Services arm.
Reliance Industries Ltd reported Q2 FY27 consolidated revenue of Rs 3,62,268 crore, a 27.8% year-on-year surge to a record figure for the quarter ended September 2026. Net profit after tax rose 33.8% to Rs 29,550 crore, while Oil-to-Chemicals EBITDA jumped 67.9% to Rs 25,203 crore driven by stronger fuel cracks and petrochemical margins. Chairman Mukesh D Ambani highlighted Jio Platforms' record listing and 542.4 million total customers, noting the digital arm's EBITDA grew 17.7% to Rs 22,223 crore.
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Reliance Industries Q2 results: Consolidated revenue jumps 27.8%, net profit rises 33.8%
Reliance Industries Ltd (RIL) reported a strong financial performance for the second quarter of FY27, with consolidated gross revenue surging 27.8% year-on-year (YoY) to a record Rs 3,62,268 crore for the quarter ended September 2026. The company’s consolidated profit after tax (PAT), including the share of profit from associates and joint ventures, increased 33.8% YoY to Rs 29,550 crore, compared with Rs 22,092 crore in the corresponding quarter last year. The company’s revenue growth was supported by strong performances across its businesses, particularly Oil-to-Chemicals (O2C) and Digital Services. Consolidated revenue also increased sequentially from Rs 3,40,257 crore in the June 2026 quarter. RIL's consolidated earnings before interest, tax, depreciation and amortisation (EBITDA) rose 23.9% YoY to a record Rs 62,409 crore, against Rs 50,367 crore in Q2 FY26. However, the EBITDA margin moderated to 17.2% from 17.8% in the year-ago quarter. The standout contributor was the O2C business, which reported a 67.9% jump in EBITDA to Rs 25,203 crore, driven by stronger transportation fuel cracks and improved petrochemical margins. Digital Services EBITDA grew 17.7% to Rs 22,223 crore, supported by subscriber additions and higher average revenue per user. Meanwhile, Reliance Retail reported gross revenue growth of 6.4% to Rs 91,716 crore, although its EBITDA declined 8.6% amid inves.