Reliance Industries Limited (RIL) has reported a strong performance for the second quarter of FY2027. The company’s consolidated EBITDA saw a substantial year-on-year increase of 24%, reaching Rs.62,409 Crores. This growth was driven by robust performances across its key business segments, including O2C, Jio Platforms, and Reliance Retail. The company also highlighted progress in its new energy initiatives and a positive outlook for the upcoming quarters.
Reliance Industries Q2 FY27 Performance Highlights
Reliance Industries Limited (RIL) has announced its unaudited financial results for the quarter and half year ended September 30, 2026, revealing a period of robust growth and strategic advancement across its diverse business verticals. The company reported a consolidated EBITDA of Rs.62,409 Crores, marking a significant 24% increase year-on-year, signaling strong operational performance amidst a dynamic global economic landscape.
Key Segmental Performance
Oil to Chemicals (O2C)
The O2C business demonstrated exceptional strength, with EBITDA surging by 68%. This performance was largely attributed to the unprecedented tightness in energy markets and operational excellence. RIL highlighted its ability to switch crude grades and maintain full capacity utilization, underscoring its constructive view on the structural supply issues in the global market. The company anticipates annualized EBITDA from O2C to exceed Rs.80,000 Crores for the first half of FY2027.
Jio Platforms (JPL)
Jio Platforms, following its successful IPO, continues to show impressive growth. The total subscriber base reached 542 million, with 36 million net additions in the last 12 months, and the 5G subscriber base touched 300 million. The company reported revenues of Rs.40,475 Crores and EBITDA of Rs.21,879 Crores. JPL is focused on expanding its digital service offerings and positioning itself as a full-service digital gateway for businesses.
Reliance Retail
Reliance Retail reported a 6.4% revenue increase year-on-year, with its registered customer base crossing 400 million. While EBITDA was impacted by the festive season shifting to Q3 and strategic investments in digital commerce, the company saw significant growth in its online grocery business, up 42%. RIL is investing in infrastructure and customer acquisition to build a scalable digital commerce platform, expecting benefits to accrue from FY2028 onwards.
New Energy Initiatives
RIL’s new energy business is accelerating, with earnings contributions expected to begin in FY2028. The company is progressing on its solar value chain, aiming for module capacity of six plus gigawatts and cell capacity of around 5-gigawatt in the near term. Plans are also underway for a 40-gigawatt hour battery energy storage system (BESS) facility.
Financial Outlook
The company expressed optimism for the rest of the financial year, citing industry-leading EBITDA margins and a strong pipeline of projects. The overall performance indicates a resilient business model capable of navigating market volatilities and capitalizing on emerging opportunities.
Source: BSE
