Mukesh Ambani-led Reliance Industries Ltd (RIL) on Friday reported a 78 per cent year-on-year (YoY) rise in consolidated net profit at ₹26,994 crore for the June quarter.
The company posted ₹15,138 crore in the same period last year. Growth in retail, telecom and oil-to-chemicals (O2C) drove the surge.
The consolidated profit after tax for the quarter stood at ₹30,783 crore, up 76.50 per cent YoY. Brokerages had estimated a 25-28 per cent rise in net profit for Q1.
Revenue for the quarter grew 5.26 per cent YoY to ₹2,48,660 crore from ₹2,36,217 crore a year ago. Analysts had predicted muted sales growth.
EBITDA for the quarter came in at ₹58,024 crore, up 35.70 per cent YoY from ₹42,748 crore in the year-ago quarter. EBITDA margin stood at 21.2 per cent, an increase of 460 basis points from 16.6 per cent last year.
Record Profit and Operational Highlights
Reliance said this was its highest-ever consolidated quarterly Ebitda and net profit. Jio crossed 200 million 5G subscribers and 20 million home connections.
Jio Platforms’ Ebitda rose 24 per cent YoY to ₹18,135 crore, with margins up 210 bps. Reliance Retail’s Ebitda grew 13 per cent YoY to ₹6,381 crore, delivering industry-leading margins.
JioMart Quick hyper-local daily orders jumped 175 per cent YoY and 68 per cent QoQ. Jio-bp transportation fuel volumes surged 35 per cent, supporting O2C segment Ebitda growth.
“JioHotstar delivered the biggest ever IPL, averaging over 460 million monthly active users,” RIL stated.
Debt Declines, Kelvinator Acquisition
Outstanding debt fell to ₹3,38,432 crore from ₹3,47,530 crore in the March quarter and ₹3,04,937 crore a year ago. RIL’s dollar-denominated GDR on the London Stock Exchange traded at $69.20, up 0.88 per cent. Each GDR represents two ordinary shares of RIL.
Earlier, Reliance Retail acquired Kelvinator to strengthen its position in India’s consumer durables market. The move aims to boost its fast-growing portfolio.
Mukesh Ambani said RIL began FY26 with robust financial performance despite global volatility. He credited strong O2C growth and Jio’s expansion, noting Jio AirFiber is now the world’s largest FWA service with 7.4 million subscribers.
Ambani said Reliance would continue to innovate in retail, digital and energy. “The performance of our businesses and growth initiatives gives me confidence that Reliance will continue its stellar track record of doubling every 4-5 years,” he added.
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