Reliance Industries Limited (RIL) reported its Q3 2025-2026 financial results, showcasing strong performance across various sectors. Key highlights include robust revenue growth in digital services and retail, significant EBITDA growth driven by O2C performance, and continued expansion in new energy initiatives. The company’s focus on technology, operational efficiency, and domestic market penetration has contributed to its overall success despite global economic uncertainties. Total revenue increased by 10%.
Financial Performance Overview
Reliance Industries Limited (RIL) demonstrated a strong financial performance in Q3 2025-2026, marked by significant growth in key sectors. Revenue increased by 10%, while overall EBITDA grew by approximately 6%. The company’s Profit After Tax (PAT) stood at ₹22,290 crores, reflecting an increase of about 1.6%. Digital services and retail contributed substantially to revenue growth, with EBITDA primarily boosted by strong O2C performance, which was 15% higher. The company added 9 million customers taking total to 515 million customers. The number of retail stores were at 20,000 with 430 stores added.
Jio Platforms Performance
Jio Platforms continued its robust growth trajectory, driven by technological innovation and customer-centric offerings. The company has expanded its subscriber base to 515 million, with 8.9 million net additions during the quarter. Notably, 5G user base experienced rapid growth, reaching 253 million subscribers. Fixed broadband connections exceeded 25 million. Revenues crossed ₹37,000 Crores, with a healthy EBITDA margin of 52%.
Reliance Retail Highlights
Reliance Retail achieved its highest ever revenue at ₹97,600 Crores, representing an 8.1% increase. EBITDA reached ₹6,915 Crores. The company focused on hyperlocal commerce, scaling up operations rapidly, with orders reaching 1.6 million by the end of the quarter. Digital fashion business, Ajio, continues to perform well. The bill values are amongst the highest in the industry, and the catalog continues to expand with over 2.8 million options live on the platform.
O2C (Oil to Chemicals) Business
The O2C business demonstrated strong operational delivery, with favorable fuel cracks driving profitability. Diesel sales increased by 25%, while gasoline sales grew by 21%. EBITDA reached ₹16,507 versus the previous year when it was ₹14,400 (15% growth). Domestic market focus and increased placement through Jio-bp contributed to this performance.
New Energy Initiatives
Reliance is making significant strides in its new energy business, setting up an end-to-end integrated solar manufacturing capacity. The company has successfully commissioned solar module and cell manufacturing, achieving high yields. Construction and progress are underway for polysilicon and glass facilities, which are expected to be commissioned soon. The long term goal is to generate 300 billion units of power annually. The company is on track to commission its first fully integrated 10-gigawatt peak annual solar manufacturing gigafactory and has already announced that it will scale this up to 20-gigawatt peak annual capacity.
Source: BSE
