Mukesh Ambani’s Reliance
Reliance Industries Limited earned a net profit of Rs 95,610 crore in FY26 and became the first company in India to cross $10 billion (about $10.15 billion) in annual profit. The profit of this Mukesh Ambani-led company has increased by 18% from last year’s Rs 80,787 crore.
Quarterly decline, but strong annual performance
The company’s profit declined by 12.6% to Rs 16,971 crore in the March 2026 quarter (Q4FY26), which was Rs 19,407 crore in the same quarter last year. Weakness in the oil-to-chemicals business and increased costs were the reasons for this. However, the company’s consumer businesses like Jio Platforms and Reliance Retail continued to grow rapidly. Reliance Retail crossed the mark of 20,000 stores.
Record in Revenue and EBITDA
The company’s gross revenue increased by 12.9% to Rs 3,25,290 crore in Q4. Revenue for the full year FY26 increased by 9.8% to a record Rs 11,75,919 crore. At the same time, EBITDA also increased by 13.4% to a record level of Rs 2,07,911 crore.
Market value and stock performance
Despite nearly 15% fall in the stock so far in 2026, the company’s market cap remains above Rs 18 lakh crore, which makes it India’s most valuable company.
Rest of the companies are still lagging behind
HDFC Bank, the second-largest company by market value, made a profit of Rs 76,026 crore (about $8.07 billion) in FY26. Whereas the estimated FY26 profit of State Bank of India (SBI) can be around Rs 83,746 crore ($8.89 billion). IT company Tata Consultancy Company (TCS) reported FY26 profit of Rs 49,454 crore ($5.25 billion). Overall, Reliance Industries has gone far ahead of other Indian companies by creating a new record in terms of profits.
