Reliance Industries reported strong Q2 FY26 results, driven by robust performance across various sectors. Consolidated revenue reached ₹283,548 crore, up 10% YoY, while EBITDA increased by 14.6% to ₹50,367 crore. The company saw growth in its retail, digital services, and energy businesses, with continued focus on new energy initiatives and domestic market expansion. The results reflect a responsive business model and effective operational strategies.
Financial Highlights
Reliance Industries announced its Q2 FY26 financial results, showcasing significant growth and strong performance across key business segments:
- Revenue: Consolidated revenue stood at ₹283,548 crore, a 10% increase compared to Q2 FY25.
- EBITDA: The company’s EBITDA rose to ₹50,367 crore, marking a 14.6% growth YoY.
- PAT: Consolidated Profit After Tax (PAT) reached ₹22,092 crore, up by 14.3%.
Segment Performance
Jio Platforms
Jio Platforms continued its strong growth trajectory, driven by subscriber additions and increased data consumption:
- Subscribers: Over 500 million subscribers.
- 5G Users: 234 million 5G users.
- Fixed Broadband: Approximately 23 million fixed broadband subscribers.
- EBITDA Growth: Reported an 18% increase in EBITDA.
Retail
Reliance Retail demonstrated robust performance, marked by store expansions and customer-centric initiatives:
- Revenue Growth: Experienced an 18% YoY growth in gross revenue.
- Customer Base: Served 369 million registered customers.
- EBITDA Growth: Reported a 17% increase in EBITDA.
O2C (Oil to Chemicals)
The Oil to Chemicals segment benefited from improved fuel cracks and operational efficiencies:
- EBITDA Growth: A 21% increase in EBITDA driven by enhanced fuel cracks.
New Energy
Reliance is making significant strides in its New Energy business, focusing on manufacturing and development:
- On track to set up 20 GWp of solar PV manufacturing capacity and a 100 GWh battery giga-factory.
- Commissioned 4 PV module lines.
Balance Sheet
- Net debt stood at ₹118,545 crore.
- LTM EBITDA was reported at ₹205,131 crore.
Source: BSE