Reliance Industries Limited (RIL), headed by billionaire industrialist Mukesh Ambani, posted robust financial results for the second quarter of FY26-27 (Q2 FY27). The company reported consolidated profits of Rs 29,550 crore for the July-September quarter, up 33.8 percent from Rs 22,092 crore seen in the same quarter last year.

The firm also posted record revenues for the quarter on a robust performance from its Oil-to-Chemical (O2C) arm, digital and retail businesses. The recent results show that Reliance has seen robust growth across its businesses despite uncertainty in the global economy.

Reliance Industries Revenue Surpasses Rs 3.62 Lakh Crore

Reliance Industries saw its consolidated gross revenues rise 27.8 percent to Rs 3,62,268 crore during the September quarter from Rs 2,83,548 crore seen last year.

The company saw its EBITDA surge to a record Rs 62,409 crore, up 23.9 percent from Rs 50,367 crore.

Reliance Industries also saw its half-year profit grow to cross the Rs 50,000 crore mark for the first time. In the April-September period FY27, Reliance saw its consolidated profits rise to Rs 52,746 crore.

Reliance Industries Oil to Chemicals business sees robust growth

• The Oil-to-Chemicals business was one of Reliance Industries’ strongest performers.
• The business saw revenues rise 44.2 percent to Rs 2,31,601 crore while EBITDA rose impressively 67.9 percent to Rs 25,203 crore.
• Improvements in refining margins, better transport fuel and petrochemical margins drove growth.
• "O2C posted record performance in the Q2 on favourable market conditions and strong domestic demand," said Reliance chairman and managing director Mukesh Ambani.

Reliance Retail Business shows Revenue Growth

Reliance Retail Ventures saw gross revenues rise 6.4 percent year-on-year to Rs 91,716 crore.

However, EBITDA before one-off impairment charges fell 8.6 percent to Rs 6,228 crore. The company said this was due to investments in digital commerce, rising input costs and a shift in the festive period to the third quarter.

JioMart saw revenues rise 42 percent.

The company is also focusing on enhancing its retail network, improve online shopping and quick commerce.

Jio Digital Services Sees Strong Growth

• The digital services business also saw strong growth.
• Jio Platforms saw strong growth in EBITDA, up 17.7 percent to Rs 22,223 crore. This was due to higher revenues, greater customer engagement and improved efficiency.
• Jio is also seeing strong growth in the Indian telecom and digital markets as it offers 5G connectivity, broadband and digital services.
• Its investment in digital will also be key to driving growth going forward.

Reliance Oil and Gas Exploration Business Sees Slight Decline

Reliance Oil and Gas Exploration saw revenues decline slightly 0.6 percent to Rs 6,020 crore.

EBITDA fell 2 percent to Rs 4,901 crore. Reduced production from the KG-D6 gas fields and price realisation hit the business.

However, Reliance is still focused on enhancing its energy business.

Reliance Industries Capital Expenditure and Debt Position

• Reliance Industries spent Rs 38,153 crore on capital expenditure during the July-September quarter.
• This was driven by spending in the Oil-to-Chemicals, New Energy and infrastructure and distribution networks.
• As of September 30, 2026, Reliance had net debt of Rs 1,17,140 crore down from Rs 1,22,914 crore.
• However, the company ended the quarter with cash and cash equivalents of Rs 2,67,812 crore.

Mukesh Ambani comments on financial performance

"In spite of challenging global macro environment our businesses performed well in the quarter," said Mukesh Ambani.

"Despite volatility in commodity markets and geo-political tensions impacting global supply chains, our diverse business portfolio, operational agility and strong presence in domestic markets allowed us to perform well."

"We also witnessed an important milestone with Jio Platforms listed on the stock market."