RIL Q2FY26 results: Net profit rises 14% to ₹22,092 crore, revenue up 10%

Mukesh Ambani-led Reliance Industries (RIL) on Friday reported a consolidated net profit of Rs 22,092 crore for the quarter ended September (Q2FY26), up nearly 14.3 per cent year-on-year (Y-o-Y) from Rs 19,323 crore.

 

RIL’s revenue from operations increased to Rs 2.59 trillion from Rs 2.35 trillion in the July–September quarter.

 

“Reliance delivered a robust performance during Q2FY26 led by strong contributions from O2C, Jio, and retail businesses. Consolidated EBITDA registered 14.6 per cent growth on a Y-o-Y basis, reflecting agile business operations, a domestic-focused portfolio, and structural growth in the Indian economy,” said Mukesh Ambani, chairman and managing director, Reliance Industries Ltd.

 

“Digital services business continues to scale up with positive momentum in subscriber additions across homes and mobility services, driven by Jio’s network and technology leadership. Jio’s innovative radio solutions and ubiquitous stand-alone 5G network have enabled it to provide broadband connectivity to households across India,” Ambani added.

 

EBITDA from the O2C segment rose 20.9 per cent Y-o-Y to Rs 15,008 crore, with margins improving by 130 basis points. The Jio-bp joint venture reported a 34 per cent increase in fuel volumes during the quarter.

 

Reliance Jio’s subscriber base surpassed the 500-million mark, reaching 506 million. Jio Platforms’ EBITDA grew 17.7 per cent Y-o-Y to Rs 18,757 crore, with margins expanding by 140 basis points.

 

Reliance Retail’s EBITDA rose 16.5 per cent from a year earlier to Rs 6,816 crore, supported by strong consumer demand and network expansion.

 

Depreciation for the quarter rose 11.9 per cent Y-o-Y to Rs 14,416 crore. Finance costs increased 13.5 per cent to Rs 6,827 crore, primarily due to the operationalisation of 5G spectrum assets and higher liability balances. Tax expenses were up 17.6 per cent Y-o-Y at Rs 6,978 crore.

 

Capital expenditure for the quarter ended September 30, 2025, stood at Rs 40,010 crore, driven by investments in expanding O2C capacity, strengthening Jio’s telecom and digital infrastructure, widening the retail network, and developing new energy giga factories, the company said.

 

On Friday, the stock of Reliance Industries closed 1.35 per cent up at Rs 1,416.95 apiece on the BSE. The benchmark Sensex ended 0.58 per cent higher at 83,952.19 points.