Reliance Industries has registered record profit in the first quarter of FY 2027. The company’s net profit has increased by 6.1% to Rs 23,196 crore and revenue has increased by 24.5% to Rs 3,40,257 crore. Jio and O2C business have shown strong growth.
Mumbai (Maharashtra) [भारत]July 17 (ANI): Reliance Industries Limited (RIL) announced its quarterly results on Friday. According to the report released by the company, the company’s record quarterly consolidated net profit increased by 6.1 percent to Rs 23,196 crore for the quarter ending June 30, 2026.
In the first quarter of FY 2027, the company’s consolidated gross revenue increased by 24.5 percent year-on-year to Rs 3,40,257 crore. Quarterly consolidated EBITDA (earnings before interest, taxes, depreciation and amortization) grew 10.1 percent year-on-year to a record Rs 54,067 crore. EBITDA margin stood at 15.9 percent.
Reliance Industries Chairman and Managing Director Mukesh Ambani said that despite geopolitical and commodity market volatility during the quarter, the company’s business has performed strongly.
“Reliance has had a good start to FY27 with all businesses delivering strong operating performance. Our diverse business portfolio has once again demonstrated its strength in a quarter that saw continued geopolitical tensions and volatility in commodity markets,” Ambani said.
Great performance of Jio
The company’s digital services business, Jio Platforms, reported quarterly revenue up 12 per cent at Rs 45,961 crore, while EBITDA rose 15.1 per cent to a record Rs 20,865 crore. Jio’s subscriber base crossed 533 million, including about 285 million 5G subscribers.
Ambani said Jio’s performance in mobility, home broadband and enterprise services remained strong, “which led to healthy earnings growth of 15% YoY”.
Reliance Retail’s performance
Reliance Retail Ventures reported revenue of Rs 90,408 crore in the quarter, up 7.4 percent from last year. However, its EBITDA declined by 1.1 percent to Rs 6,309 crore.
“Reliance Retail has shown good growth in the quarter, with stable performance across all consumption formats and channels,” Ambani said.
Record growth in O2C business also
Oil-to-Chemicals (O2C) segment recorded record quarterly revenue of Rs 2,01,803 crore, a growth of 30.4 per cent. This increase was mainly due to higher prices of crude oil. The segment’s EBITDA grew 17.2 percent to Rs 17,010 crore.
“The O2C business delivered strong performance during the quarter, supported by highest-ever middle distillate cracks and improved downstream petrochemical delta. This was achieved despite a challenging global energy market with disrupted supply chains,” Ambani said.
The company’s capital expenditure during the quarter stood at Rs 38,682 crore. (ANI)
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