Reliance Industries Limited (RIL), India’s most valuable and diversified conglomerate, announced its financial Reliance Industries Q1 Result for the first quarter of the financial year 2025-26 (Q1 FY26), reporting a consolidated net profit of ₹26,994 crore.
This marks a staggering 78% year-on-year increase, significantly exceeding market expectations. The outstanding performance has been attributed to robust earnings across key business segments, along with a one-time gain from strategic divestments.
This Reliance Industries Q1 Result not only reinforces RIL’s position as a dominant player in the Indian economy but also highlights the resilience and adaptability of its business model amid ongoing macroeconomic headwinds.
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Table of Contents
📊 Key Financial Highlights – Q1 FY26
- Consolidated Net Profit (PAT): ₹26,994 crore (up 78% YoY)
- Revenue from Operations: ₹2,48,660 crore (up 5.3% YoY)
- Gross Revenue: ₹2,73,252 crore (up 6% YoY)
- EBITDA: ₹58,024 crore (up 36% YoY)
- EBITDA Margin: 21.2% (up 460 basis points YoY)
- Net Debt: ₹1,17,581 crore
- Earnings Per Share (EPS): ₹39.9
The significant jump in net profit was primarily driven by a one-time gain of ₹8,924 crore from the sale of RIL’s stake in an associate company. Even after excluding this gain, the company delivered strong operational growth across its energy, retail, and digital services divisions.
📁 Segment-wise Performance Overview
1. Oil-to-Chemicals (O2C) Business
The oil-to-chemicals segment, traditionally the backbone of Reliance’s earnings, remained stable despite global volatility in crude oil prices and planned shutdowns at some refineries.
- Revenue: Slight decline of 1.5% YoY
- EBITDA: ₹14,511 crore (up 10.8% YoY)
The growth in EBITDA was supported by better fuel margins and improved efficiency in petrochemical operations. Increased fuel retailing through the Jio-BP network and an optimized product mix helped offset the revenue dip, reflecting the company’s ability to adapt to shifting market conditions.
2. Jio Platforms (Digital and Telecom)
Jio Platforms continued its strong upward trajectory, driven by subscriber additions, higher data consumption, and the aggressive rollout of 5G services.
- Revenue: ₹41,054 crore (up 19% YoY)
- Net Profit: ₹7,110 crore (up 25% YoY)
- EBITDA: ₹18,135 crore (up 23.9% YoY)
- Average Revenue Per User (ARPU): ₹208.8
Reliance Jio now boasts over 200 million 5G users, maintaining its position as India’s largest telecom operator. The growing traction in fixed broadband and enterprise services added further momentum to its performance.
3. Reliance Retail Ventures
Reliance Retail posted yet another strong quarter, bolstered by expansion into new categories, digital integration, and growing consumer demand across formats.
- Revenue: Over ₹84,000 crore (up 11.3% YoY)
- EBITDA: ₹6,381 crore (up 12.7% YoY)
The retail arm saw healthy growth in grocery, electronics, and fashion segments. Innovations like AJIO Rush (fast delivery) and AJIO Luxe (premium fashion) attracted urban consumers, while store network expansion continued across Tier 2 and Tier 3 cities.
4. Oil and Gas Exploration (E&P)
This segment recorded a slight decline in revenue, largely due to the natural decline in output from the KG-D6 block.
- Revenue: Down by approximately 1% YoY
Despite the lower output, efficient operations and cost controls ensured the segment remained profitable and strategically relevant for RIL’s energy diversification plans.
🏦 Balance Sheet and Debt Position
As of June 30, 2025, Reliance Industries Q1 result reported a net debt of ₹1,17,581 crore, slightly up from ₹1,17,083 crore in March 2025. This Reliance Industries Q1 Result marginal rise was attributed to ongoing capital expenditure in the 5G telecom rollout, retail expansion, and the company’s clean energy projects.
The net debt-to-EBITDA ratio remains comfortably below 1x, indicating strong debt-servicing capacity and a healthy balance sheet. Interest costs for the quarter rose to ₹7,036 crore, reflecting higher investments but remaining manageable due to robust operating cash flows.
🔊 Mukesh Ambani’s Statement on Q1 Performance
Mukesh Ambani, Chairman and Managing Director of Reliance Industries, expressed satisfaction with the company’s Reliance Industries Q1 Result. He stated that the quarter reflected “a robust all-round performance across all verticals despite global economic uncertainties.”
He emphasized the company’s strategic vision to transform into a technology-led, sustainable energy and consumer-centric enterprise, with continued investments in digital connectivity, green energy, and new commerce.
🔋 Focus on Future Growth and Green Energy
Reliance Industries is in the middle of a transformative phase, with major investments being funneled into the New Energy segment. The company has already announced plans to build giga factories for solar, battery storage, electrolyzers, and fuel cells, as part of its strategy to become net carbon-zero by 2035.
In Q1 FY26, significant progress was made on:
- Construction of green energy manufacturing facilities
- Partnerships with global technology providers
- Land acquisition for renewable energy projects
These projects are expected to be self-funded over time, backed by asset monetization and strong internal accruals.
Reliance Jio is now making a strategic move into the electric vehicle (EV) space with the launch of the Jio Electric Cycle.
🛒 Retail & Digital: Core Growth Engines
Reliance’s future lies increasingly in consumer-facing businesses. Both the retail and digital divisions have shown sustained growth over several quarters, now contributing significantly to overall profitability.
- The retail footprint crossed 20,000 stores nationwide.
- Online platforms like JioMart and AJIO have scaled rapidly, with hybrid commerce models gaining popularity.
- Jio is leading India’s 5G transformation, with nationwide coverage and enterprise services expanding.
These segments are expected to outpace legacy oil-based businesses in revenue and profit contribution over the next five years.
💡 Strategic Takeaways from Q1 FY26
- Record-breaking PAT of ₹26,994 crore, signaling strong earnings momentum.
- Balanced growth across all verticals — O2C, retail, telecom, and gas.
- Improved margins, especially in digital and retail businesses.
- Healthy balance sheet, with conservative leverage despite high capex.
- Aggressive push into green energy, making RIL future-ready.
- Digital transformation of retail and telecom arms sets a new benchmark in India.
🧾 What It Means for Investors
Reliance Industries Q1 Result present a compelling story of growth, diversification, and long-term vision. The company is firing on all cylinders — with digital, retail, and O2C segments performing well, even as it prepares for a cleaner, greener energy future.
The robust quarterly numbers are expected to boost investor confidence, especially after a volatile global economic period. Analysts believe that RIL’s diversified model, strong execution, and financial prudence make it a standout player on the Indian stock exchange.
✅ Conclusion
The Q1 FY26 performance of Reliance Industries is a testament to its strategic foresight, operational efficiency, and execution capability. With net profit nearing ₹27,000 crore, the company has reaffirmed its status as India’s most formidable business group.
Its multi-sector dominance, strong leadership, and focus on sustainable innovation set the tone for what could be another record-setting fiscal year.
As Reliance transitions from an energy behemoth to a digital and green energy powerhouse, the Reliance Industries Q1 Result highlight not just growth — but the transformation of an empire.