business
Reliance Q2 profit surges 33.8% to ₹29,550 crore
Reliance Industries Ltd reported Q2 FY27 consolidated profit after tax of ₹29,550 crore, a 33.8% year-on-year increase.
Key points
- Reliance Industries Ltd reported Q2 FY27 consolidated profit after tax of ₹29,550 crore.
- Oil-to-Chemicals segment EBITDA jumped 67.9% to ₹25,203 crore driven by fuel cracks.
- Jio Platforms total customers reached 542.4 million with 5G subscribers crossing 300 million.
Why it matters. The surge in Reliance Industries' profit and Jio Platforms' subscriber growth demonstrate strong investor confidence and operational discipline despite volatile commodity markets and geopolitical tensions.
Reliance Industries Ltd reported Q2 FY27 consolidated profit after tax of ₹29,550 crore, a 33.8% year-on-year increase driven by Oil-to-Chemicals and Digital Services. Chairman Mukesh D Ambani highlighted Jio Platforms' record listing and 542.4 million total customers as key factors behind the growth. Jio Platforms net profit rose 13.7% to ₹8,387 crore, while Reliance Retail EBITDA declined 8.6% amid digital commerce investments.
Latest updates
Reliance Q2 profit surges 33.8% to ₹29,550 crore
Reliance Industries Ltd (RIL) announced strong financial results for the second quarter of fiscal year 2027. Consolidated gross revenue surged 27.8% year-on-year to a record ₹3,62,268 crore for the quarter ended September 2026. Net profit after tax (PAT) increased 33.8% YoY to ₹29,550 crore, up from ₹22,092 crore in the corresponding quarter of the previous year. The Oil-to-Chemicals (O2C) segment was highlighted as the standout performer, posting its best-ever operational scorecard.