Reliance Industries Limited (RIL) reported its highest-ever consolidated quarterly net profit of ₹30,783 crore in Q1 FY26, up 76.5% year-on-year (YoY) from ₹17,445 crore, driven by strong performance across businesses, including telecom, retail, and oil-to-chemicals. Consolidated EBITDA also hit a record ₹58,024 crore, marking a 35.7% YoY jump.
Gross revenue for the quarter ended June 30, 2025 rose 6% YoY to ₹2.73 lakh crore. The EBITDA margin improved to 21.2% compared to 16.6% a year ago, aided by operating leverage and higher profitability in key segments.
Segment Highlights:
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Jio Platforms: Revenue grew 18.8% YoY to ₹41,054 crore and EBITDA jumped 23.9% YoY to ₹18,135 crore, with the subscriber base crossing 200 million 5G users.
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Reliance Retail: Revenue climbed 11.3% YoY to ₹84,171 crore while EBITDA rose 12.7% to ₹6,381 crore, supported by growth across grocery, fashion, and digital commerce.
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Oil-to-Chemicals (O2C): Revenue declined 1.5% YoY to ₹1.55 lakh crore due to lower crude prices, but EBITDA improved by 10.8% YoY to ₹14,511 crore thanks to better margins in fuel retailing.
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Oil & Gas: Revenue dipped 1.2% YoY to ₹6,103 crore, with EBITDA down 4.1% YoY at ₹4,996 crore, reflecting lower production and higher maintenance costs.
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JioStar Media: Delivered ₹11,222 crore in revenue, with EBITDA at ₹1,017 crore, bolstered by record IPL viewership.
Chairman Mukesh Ambani commented, “Reliance has begun FY26 with robust, all-round operational and financial performance. Our businesses have demonstrated resilience and ability to capture growth opportunities despite global macro uncertainties.”
Capital expenditure for the quarter stood at ₹29,875 crore, while net debt remained stable at ₹1.17 lakh crore.
The company also highlighted milestones like crossing 20 million home broadband connections, strong traction for JioGames Cloud and JioPC, and continued retail expansion with 388 new stores during the quarter.
Disclaimer: All financial data, statements, and quotes in this article are sourced from Reliance Industries Limited’s official media release dated July 18, 2025. The author and Business Upturn are not responsible for the accuracy of the information.
