Jio-BP, the fuel retailing joint venture of Reliance Industries and super major BP, clocked a 34 per cent rise in petrol and diesel sales in the September quarter as the joint venture aggressively expands its retail network. Jio-BP clocked 1.8 million sales of petrol and diesel in July-September, 34 per cent more than a year ago, according to an investor presentation made by the company after the second quarter earnings announcement. Also, helping the firm were good margins. "So, if you look at the volume and the growth, petrol and diesel together, we have done about 1.8 million kilolitre. That is a 34 per cent growth. ATF, which is jet fuel, we have done about 157,000 kilolitres. This is definitely lower than last quarter but what is important to note is we are maintaining the share there," Srinivas Tuttagunta, COO - Refining & Marketing at Reliance Industries Limited, said on the investor call. The ATF sales were lower than last year on account of a reduction in air traffic due .
RIL reported a consolidated net profit of ₹18,165 crore in Q2FY26, up 9.7 per cent year-on-year (Y-o-Y) but down 32.7 per cent quarter-on-quarter (Q-o-Q) from ₹26,994 crore in Q1FY26.
In the past, Reliance had seen a gap-up open post Q4FY25 results in April following which the stock rallied over 19% in the next three months. Here's a trading strategy at current levels.
Jio to launch Jio Frames at affordable prices, lower than global majors
Jio Platforms on Friday reported a 12.8 per cent year-on-year rise in its consolidated net profit to Rs 7,379 crore for the July-September quarter of 2025-26, driven by a rise in average revenue per user and higher traction in fixed wireless access service, JioAirFiber. The revenue from operations of Jio Platforms, which houses Reliance Industries' telecom and digital businesses, rose 14.6 per cent to Rs 36,332 crore in the September quarter compared to Rs 31,709 crore in the year-ago period. The gross revenue stood at Rs 42,652 crore in the second quarter of FY25, 14.9 per cent higher than the corresponding period of the previous year. ARPU - a key metric for telcos - increased by 8.4 per cent to Rs 211.4 during the reported quarter from Rs 195.1 a year ago. Jio added over 10 lakh new homes each month, taking the total connected premises to about 2.3 crore with fixed broadband. JioAirFiber reported a subscriber base of 95 lakh, with the speed of connecting over 10 lakh new homes .
RBI Governor Sanjay Malhotra called the new Unified Lending Interface a major step towards improving data sharing and credit access. Speaking at the Global Fintech Fest in Mumbai,
India's 100 richest see combined wealth fall by 9 per cent to $1 trillion, reflecting market volatility and currency headwinds
Powered by JioPC, and in collaboration with the Jio Institute, the four-week programme was announced on the inaugural day of India Mobile Congress 2025
The NCDs, offering a 7.05% yield and maturing in October 2027, come amid a likely rebound in corporate bond issuance following a lull in the second quarter
Reliance Jio introduces new Safety-First features on JioBharat phones, offering location tracking, usage controls, and health monitoring for children and elderly
The full value chain of technologies on display at India Mobile Congress (IMC) underscore India's progress from semiconductors to fraud management solutions, and upcoming 6G, Reliance Jio Chairman Akash Ambani said on Wednesday, adding that the company is committed to innovating and ensuring India remains at the forefront of the digital revolution. Ambani said the India Mobile Congress 2025 marks a milestone in showcasing the nation's achievements. "Today we saw the whole value chain...from semiconductors, to fraud management, to 6G, and we look forward to innovating and keeping India at the forefront of the digital revolution," Ambani said on the sidelines of the mega event. Meanwhile, SP Kochhar, Director General of industry body COAI, said IMC inauguration marks a strong beginning for a program rooted in innovation and technological progress. "As the Prime Minister emphasised, India's technological future is in capable hands, with the nation rising strongly as a digital-first ..
BSNL added 13.85 lakh mobile users in August, posting the highest monthly growth rate among telecom operators, while Vi continued to lose subscribers
India's equity markets have more than doubled to $5.3 trillion over the last five years, drawing millions of retail investors
Reliance Jio has completed nine years with 500 million users, making it the world's largest mobile data network, and announced year-long offers including unlimited data weekends and special plans
Reliance Jio has rolled out free unlimited data for all users with graded duration based on their existing plans, the company said on Wednesday. The company is offering one month of unlimited data for users subscribed to a plan priced Rs 349 onwards, starting September 5 to October 5, along with entertainment and other apps subscription bundled with the offer. At present, Jio offers unlimited 5G data only to 5G smartphone users for plans priced at Rs 349 onwards. "On Jio's 9th anniversary, I feel truly humbled that more than 500 million Indians have placed their trust in us. Reaching this scale within a single nation is a reflection of how deeply Jio has become a part of everyday life. I want to personally thank every single Jio user for making this milestone possible," Reliance Jio Infocomm Chairman Akash Ambani said in the statement. The company is offering unlimited free data on weekends starting September 5 to 7 to all 5G smartphones irrespective of their plan cost. 4G smartph
Three mega IPOs, from diverse businesses and historic relevance, could script a new story for India Inc
Reliance is building out a fully integrated solar supply chain in India at a time when overcapacity is forcing China to rationalise its polysilicon production
MOSL has thus valued Reliance Industries' stake in JPL at ₹7.91 trillion or $90 billion. JPL's enterprise value (EV; equity plus debt) has been pegged at $151 billion by the domestic brokerage
RIL targets retail revenue growth of over 20 per cent CAGR for three years and has ambitions of becoming India's biggest FMCG player
Ambani scion details expansion in petrochemicals, bioenergy and green hydrogen in first appearance as RIL ED