Reliance Industries beats estimates, net profit jumps over 76% in Q1 at Rs 30,783 crore; Revenue up 6%

Beating the street estimates, India’s largest corporate house Reliance Industries today reported consolidated net profit of Rs 30,783 crore in the first quarter (April-June) period of current financial year, over 76 per cent up from Rs 17,443 crore in the same quarter of last financial year. The gross revenue of the group grew 6 per cent in the Q1 at Rs 273,252 crore versus Rs 257,823 crore in the Q1 of 2024-25, the company said in a regulatory filing with the stock exchanges.

Commenting on the results, Mukesh Ambani, Chairman and Managing Director, Reliance Industries Limited said: “Reliance has begun FY26 with a robust, all-round operational and financial performance. Consolidated EBITDA for 1Q FY26 improved strongly from a year-ago period, despite significant volatility in global macros.

“During the quarter, energy markets encountered heightened uncertainty, with sharp fluctuations in crude prices. Our O2C business delivered strong growth, with thrust on domestic demand fulfillment and offering value-added solutions through Jio-bp network. Performance was supported by improvement in fuel and downstream product margins. Natural decline in KGD6 gas production resulted in marginally lower EBITDA for Oil & Gas segment,” he said.

Reliance’s Retail business expanded its operations with a customer base of 358 million, along with significant improvement across operating metrics. The company is focusing on strengthening the portfolio of own FMCG brands, which resonate with the tastes of Indian consumers.

Ambani further stated “I am happy to share that Jio has scaled newer heights during the quarter including crossing 200 million 5G subscribers and 20 million home connects. Jio AirFiber is now the largest Fixed Wireless Access (FWA) 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.”

Jio Platforms, which offers telecom and internet services, has contributed to the robust financial performance of the Group. The net profit has increased 24.8 per cent at Rs 7,110 crore in the Q1 and the Quarterly Revenue has seen a growth of 18.8 per cent year-on-year basis at Rs 41,054 crore.

Through its differentiated offerings across mobility, broadband, enterprise connectivity, cloud and smart homes, Jio has positioned itself as the technology partner of choice for Indian consumers.

Reliance’s Media business has emerged as a one-stop platform for entertainment, sports and news content from all over the world. “We will continue to enhance our suite of offerings across genres to cater to the discerning Indian audience. Reliance is committed to contribute to India’s growth through inclusive growth, technological innovation and leading energy transformation. 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.”

The Group has said that its consolidated debt has gone up marginally at Rs 117,582 crore as of June 30, 2025 as against Rs 117,083 crore as of 31 March, 2025.

Reliance Retail’s Quarterly Revenue stood at Rs 84,171 crore, up 11.3 per cent Y-o-Y, while the net profit registered a growth of over 28 per cent at Rs 3,271 crore in the April-June quarter.

The retail venture, headed by Ambani’s daughter, Isha Ambani, Executive Director, said “Reliance Retail delivered resilient performance during this quarter driven by our relentless focus on operational excellence, geographical expansion and sharper product portfolio. Our continued investments in cutting-edge technologies and differentiated product offerings have enabled us to serve our customers better and scale with agility”.

RIL shares closed flat with a marginal loss of 0.03 per cent on NSE at Rs 1,476 per share. The overall market fell by 0.57 per cent (Nifty) during the day.