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.

Segment Performance  

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.  

Overall, Reliance showed solid growth across most segments despite some operational challenges.

The post Reliance Industries Delivers Strong Q2 FY26: Revenue at ₹2.83 Lakh Cr, PAT Up 15.9% appeared first on markettrends7.