Reliance Industries Ltd (RIL), the diversified conglomerate led by Mukesh Ambani, reported strong financial results for the second quarter of FY26. The company’s consolidated profit after tax increased 15.9% year-on-year (YoY) to ₹22,146 crore.
Although profit fell sequentially due to an exceptional gain in the previous quarter, the underlying performance remained strong. Gross revenue from operations for the quarter reached ₹2,83,548 crore, showing a 9.9% YoY increase from ₹2,58,027 crore in Q2 FY25. On a sequential basis, revenue also grew from ₹2,73,252 crore in Q1 FY26.
✔ Jio Platforms showed strong growth, with revenue rising 14.6% YoY to ₹36,332 crore. Profit after tax increased by 12.8% to ₹7,379 crore. Average revenue per user (ARPU) improved to ₹211.4, supported by higher customer engagement and promotional 5G offers.
✔ Reliance Retail reported a 19% YoY rise in revenue to ₹79,128 crore, while PAT jumped 21.9% to ₹3,457 crore. EBITDA grew 16.5% to ₹6,816 crore. However, the EBITDA margin dipped slightly by 20 basis points to 8.6%, affected by operating costs, despite strong festive demand and a GST rate cut.
✔ The Oil-to-Chemicals (O2C) segment saw a 3.2% YoY revenue growth to ₹1,60,558 crore. EBITDA rose sharply by 20.9% to ₹15,008 crore, supported by a recovery in transportation fuel cracks and better polymer margins.
✔ The Oil & Gas business experienced a 5.4% YoY decline in EBITDA to ₹5,002 crore, with margins contracting to 82.6%. This decline was due to lower output from the KGD6 block and rising maintenance costs.
Krishna is a passionate thinker, writer, and lifelong learner dedicated to exploring the intersections of technology, business, and innovation. With a background in management studies and years of experience analyzing emerging trends, Krishna delivers insights that bridge complex ideas with a practical, actionable understanding.
