Reliance Q1 Profit Soars 78% To Rs 26,994 Crore, Supported By Consumer Businesses

JioStar, the media joint venture between Reliance and Disney India, posted revenues of Rs 11,222 crore and an EBITDA of Rs 1,017 crore in its first quarter under the merged structure

According to the company’s exchange filing, other income was significantly boosted by Rs 8,924 crore from the sale of listed investments

Source : Reliance

Reliance Industries Ltd (RIL) reported its highest-ever quarterly profit on Friday, clocking a net income of Rs 26,994 crore for the April–June quarter of FY26. This marks a robust 78.3 per cent year-on-year increase from Rs 15,138 crore in the same period last year, supported by healthy performance across its telecom, retail, and energy segments, along with substantial gains from investment sales.

Sequentially, net profit jumped 39 per cent from Rs 19,407 crore in Q4 FY25. Earnings per share stood at Rs 19.95. The company's revenue from operations increased by 5.26 per cent, reaching Rs 2.48 lakh crore compared to Rs 2.36 lakh crore in Q1 FY25.

According to the company’s exchange filing, other income was significantly boosted by Rs 8,924 crore from the sale of listed investments.

Retail And Digital Businesses

The consumer-facing segments continued to outperform. Reliance Jio’s net profit rose 25 per cent to Rs 7,110 crore. Its customer base grew to 498.1 million by June, up from 488.2 million in March, with ARPU inching up to Rs 208.8. Gross revenue for Jio Platforms was up 19 per cent year-on-year at Rs 41,054 crore.

“Jio AirFiber is now the largest FWA (Fixed Wireless Access) service provider in the world, with a base of 7.4 million subscribers. Our Digital Services business consolidated its market position with a robust financial and operational performance,” said Chairman Mukesh Ambani.

The retail arm also delivered a strong show, with profit rising 28.3 per cent year-on-year to Rs 3,271 crore. Customer base increased to 358 million, while store count touched 19,592. Gross revenue of Reliance Retail Venture Ltd grew 11.3 per cent to Rs 84,171 crore.

O2C Business Faces Headwinds

While the oil-to-chemicals (O2C) division faced a 1.5 per cent revenue decline due to softer crude prices and planned shutdowns, it registered a 10.8 per cent increase in EBITDA year-on-year. Gains were led by improved fuel margins and better spreads in PP and PVC, partially offset by weakness in the polyester value chain.

Ambani acknowledged the volatility in global energy markets during the quarter but said the company adapted effectively. “Consolidated EBITDA for the first quarter of FY26 improved strongly from the year-ago period, despite significant volatility in global macros,” he said.

Media And New Energy Business Gain Ground

JioStar, the media joint venture between Reliance and Disney India, posted revenues of Rs 11,222 crore and an EBITDA of Rs 1,017 crore in its first quarter under the merged structure.

Meanwhile, the company’s New Energy business is gaining traction. RIL reported that commissioning of its giga-factories is progressing well and is expected to continue over the next four to six quarters. The goal is to complete 55 compressed biogas (CBG) plants by year-end.

Karan Suri, Senior Vice President for New Energy, stressed the massive scale of this initiative:
“It will deliver perpetual perennial growth for Reliance and our shareholders... The entire (Gigafactory) construction is effectively 44 million square feet—nearly four times Tesla's Gigafactory in Nevada,” he said.