Reliance Industries reported its Q3 FY26 financial results, highlighting robust growth in operating profits and a record quarterly recurring EBITDA. Consolidated revenue reached ₹293,829 crore, a 10.0% increase YoY. Key sectors driving growth include Digital Services and Retail. The company also noted significant progress in its New Energy initiatives, including the commissioning of integrated solar gigafactories.
Financial Highlights
Reliance Industries announced strong financial results for Q3 FY26, demonstrating continued growth across key business segments. Key figures include:
- Revenue:₹293,829 crore (up 10.0% YoY)
- EBITDA:₹50,932 crore (up 6.1% YoY)
- PAT:₹22,290 crore (up 1.6% YoY)
The company emphasized a robust performance in Digital Services and Retail, contributing significantly to overall revenue growth. YOY EBITDA growth was primarily driven by O2C and Digital Services sectors.
Segment Performance
Here’s a brief overview of the performance in key business segments:
- Jio Platforms: Strong subscriber additions with over 25 Mn+ fixed broadband subscribers. EBITDA up 16.4%.
- Retail: Revenue grew by 8.1% YoY. Continues expansion with 431 stores added in Q3, totaling 19,979.
- O2C: EBITDA up 14.6%, driven by strong fuel cracks.
- Exploration and Production (E&P): EBITDA declined by 12.7% due to lower volumes and prices.
New Energy Update
Reliance Industries reported substantial progress in its New Energy business, specifically noting that integrated solar gigafactories are nearing completion with module and cell components already commissioned. Development is ongoing across solar, battery, transmission, and RE-RTC projects.
Balance Sheet Strength
The company maintains a strong balance sheet, supporting financial strength across cycles. Diversified, high-quality businesses deliver strong cash flows.
Source: BSE
