RIL Q2 FY26 results: Mukesh Ambani-led Reliance Industries reports consolidated net profit of Rs 18,165 crore; up 10% YoY
RIL Q2 FY 2025-26 results: Mukesh Ambani-led Reliance Industries Limited (RIL) on Friday reported a consolidated second-quarter net profit of Rs 18,165 crore. This is a 10% increase from Rs 16,563 crore in the previous year. The operational revenue reached Rs 2.59 lakh crore during the reviewed quarter, representing a 10% increase from Rs 2.35 lakh crore in the same quarter last fiscal year.The company’s performance showed mixed results against market expectations, with PAT falling short of the anticipated Rs 18,643 crore, whilst revenue exceeded the projected Rs 2.51 lakh crore, according to an ET report.RIL recorded gross revenue of Rs 2.83 lakh crore, marking a 10% year-on-year increase.The company’s EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortisation) grew by 15% year-on-year to Rs 50,367 crore. The EBITDA margin improved by 80 basis points to 17.8% compared to the same quarter in the previous financial year.Quarter-on-quarter analysis shows RIL’s PAT decreased by 33% from Rs 26,994 crore in Q1FY26, whilst revenue increased by 4% from Rs 2.49 lakh crore.
RIL Q2 Results : Segment Highlights
Jio Platforms witnessed a 14.9% year-over-year revenue growth, attributed to leading subscriber acquisition in mobility and homes sectors, enhanced ARPU performance, and expanded digital services portfolio.Reliance Retail Ventures Limited experienced an 18% annual revenue increase across its business segments. The grocery division achieved 23% growth, whilst fashion registered 22% expansion. Consumer electronics posted 18% year-over-year growth, benefiting from GST adjustments and product introductions.The O2C division recorded a 3.2% year-over-year revenue increase, with production for sales rising 2.3%. The Jio-bp venture strengthened its domestic fuel distribution network, achieving significant volume increases of 34% in HSD and 32% in MS sales.Revenue in the Oil & Gas division declined by 2.6% year-over-year, primarily due to reduced KGD6 production output and lower condensate prices. However, improved KGD6 gas price realisation and increased CBM volumes partially offset these effects.JPL registered a 17.7% year-over-year EBITDA growth, supported by revenue expansion and a 140 bps margin improvement. RRVL’s EBITDA grew by 16.5% year-over-year, driven by increased store presence, enhanced hyperlocal delivery services, improved product mix, and operational optimisation.O2C EBITDA showed a 20.9% YoY growth, attributed to significant rises in transportation fuel cracks and continued expansion in domestic fuel retail volumes. In downstream chemicals, whilst higher polymer deltas had a positive effect, this was partly counterbalanced by reduced margins in the polyester chain.The Oil & Gas division experienced a 5.4% YoY decline in EBITDA, resulting from reduced KGD6 gas volumes and increased operational expenses due to scheduled maintenance work.JPL recorded a 17.7% YoY increase in EBITDA, driven by revenue growth and a margin expansion of 140 bps. RRVL’s EBITDA grew by 16.5% YoY, supported by expanded store presence, enhanced hyperlocal delivery services, improved product mix, and optimised operational performance.O2C EBITDA demonstrated a 20.9% YoY increase, reflecting substantial growth in transportation fuel cracks and sustained expansion in domestic fuel retail volumes. In downstream chemicals, the beneficial impact of increased polymer deltas was partially neutralised by decreased polyester chain margins.The Oil & Gas segment reported a 5.4% YoY reduction in EBITDA, attributed to lower KGD6 gas volumes and elevated operating costs associated with routine maintenance procedures.
