Mumbai: Reliance Industries Limited (RIL) has reported its highest-ever quarterly revenue of ₹3,62,268 crore for the quarter ended September 30, 2026, registering a year-on-year (YoY) growth of 27.8%.
The company also achieved record quarterly EBITDA of ₹62,409 crore, up 23.9% YoY, while quarterly Profit After Tax (PAT) reached a new high of ₹29,550 crore, marking a growth of 33.8%.
For the first half of FY2027, Reliance’s PAT crossed the ₹50,000 crore milestone.
Key highlights of the company’s performance include:
- Record quarterly revenue: ₹3,62,268 crore, up 27.8% YoY.
- Record quarterly EBITDA: ₹62,409 crore, up 23.9% YoY.
- Highest-ever quarterly PAT: ₹29,550 crore, up 33.8% YoY.
- O2C business: EBITDA surged 67.9% to ₹25,203 crore.
- Digital Services: EBITDA increased 17.7% to ₹22,223 crore.
- Jio Platforms: Entered the capital markets as India’s second most valuable company.
Commenting on the results, Mukesh D. Ambani, Chairman and Managing Director of Reliance Industries Limited, said the week marked a historic milestone in Reliance’s value-creation journey with Jio’s record-breaking listing on the Indian stock markets.
He noted that the issue received subscriptions of more than 22 times and achieved strong listing gains, setting several global benchmarks. Jio Platforms Limited (JPL) has now become India’s second-largest company, reflecting investor confidence in Jio’s strong fundamentals and growth prospects.
Ambani also expressed pride in witnessing the revival of the “Equity Cult”, originally initiated by Reliance’s Founder-Chairman during the company’s 1977 IPO.
He said Reliance’s businesses delivered a strong performance during Q2 FY27 despite a complex operating environment characterised by volatile commodity markets and geopolitical tensions affecting global supply chains.
The company’s domestic portfolio orientation, operational discipline and diversified integrated businesses helped it effectively navigate external uncertainties.
He particularly highlighted the strong performance of the Oil to Chemicals (O2C) business, supported by tight fuel markets, improved downstream petrochemical deltas and robust domestic demand. Effective feedstock sourcing, product placement and optimal utilisation across the value chain helped improve margin capture.
The Digital Services business also sustained its growth momentum, with Jio recording healthy performance across mobility, home broadband and enterprise services.
Reliance Retail maintained steady growth across formats and channels, supported by its extensive physical and digital presence and continued focus on India’s diverse consumer needs. Its consumer products business also sustained growth, with its FMCG brand portfolio gaining further traction among Indian consumers.
Ambani added that disciplined capital allocation continues to generate consistent cash flows and support businesses contributing to India’s energy independence and technological advancement.
Jio Platforms Limited (JPL)
Jio Platforms reported quarterly revenue of ₹47,485 crore, registering 11.3% YoY growth. Quarterly EBITDA increased 16.6% to ₹21,879 crore.
The company achieved double-digit revenue growth in both connectivity (11%) and digital services (16%).
Revenue growth and operating leverage contributed to approximately 17% YoY EBITDA growth, with margins improving by 250 basis points.
During the quarter, JPL crossed two major milestones:
- 30 million (3 crore) fixed broadband connections.
- 300 million (30 crore) 5G mobility subscribers.
Its total customer base crossed 542 million (54.2 crore), adding 36 million new connections over the preceding 12 months.
On October 28, 2026, Jio Platforms successfully completed an IPO worth ₹30,188 crore, described in the announcement as India’s largest IPO to date.
Akash M. Ambani, Managing Director of Jio Platforms Limited, welcomed the company’s new shareholders as Jio entered a new era as a listed entity.
He said the quarterly results reflected the strength of Jio’s 5G network and the expanding reach of its broadband and digital services. Investments in next-generation technologies have been central to Jio’s growth over the past decade.
He added that Jio would continue developing capabilities in satellite communications, 6G intellectual property and artificial intelligence integrated into its core voice and data services, while focusing on long-term stakeholder value creation.
Reliance Retail Ventures Limited (RRVL)
Reliance Retail Ventures Limited reported quarterly revenue of ₹91,716 crore, up 6.4% YoY.
Quarterly EBITDA stood at ₹6,228 crore, with an EBITDA margin of 7.8%.
Isha M. Ambani, Executive Director of Reliance Retail Ventures Limited, said customer trust and continued engagement across stores and digital platforms remain central to the company’s growth.
She highlighted the integration of its extensive physical retail network with digital convenience, technology and a deeper understanding of Indian consumers.
The company’s evolving model, supported by rapidly growing digital commerce and B2B channels, is gaining traction, with the offline business providing financial support to these channels.
She added that continued investments in sustainable and profitable growth have positioned Reliance Retail to serve customers across India during the festive season with quality, value and a wide range of choices.
Oil to Chemicals (O2C) Segment
Record Quarterly Performance
The O2C segment delivered its strongest-ever quarterly performance, with:
- Quarterly revenue: ₹2,31,601 crore ($24.2 billion), up 44.2% YoY.
- Quarterly EBITDA: ₹25,203 crore ($2.6 billion), up 67.9% YoY.
- Continued expansion of the Jio-bp fuel retailing and EV charging network.
Anant M. Ambani, Executive Director of Reliance Industries Limited, said the O2C business delivered its best-ever quarterly performance despite an extremely volatile and challenging global environment.
He attributed the achievement to the strong operational capabilities of the business and the financial acumen and efficiency demonstrated by its teams.
He expressed pride in the O2C business’s contribution to India’s energy stability and self-reliance during challenging times. He added that Reliance would continue strengthening its capabilities, maintaining operational discipline and delivering greater value.
