Reliance Industries Reports 41% Increase in Q2 Net Profit to ₹25,548 Crore

Reliance Industries Ltd (RIL) reported a 41% year-on-year increase in its consolidated net profit, reaching ₹25,548 crore for the second quarter ended September 30, 2026. According to the reported figures, the growth was driven by strong performances in the Oil-to-Chemicals (O2C) and Jio Platforms segments.

Financial Highlights

• Consolidated Net Profit: Rose 41% year-on-year to ₹25,548 crore.
• Gross Revenue: Increased by 27.8% to ₹3,62,268 crore.
• Jio Platforms Revenue: Grew 11.3% to ₹47,485 crore, supported by subscriber additions, higher average revenue per user (ARPU), and digital services growth.
• Reliance Retail Revenue: Rose 6.4% to ₹91,716 crore, though consolidated profit after tax declined 24.5% to ₹2,619 crore due to a festive calendar shift.

Segment Performance and Factors

The O2C business experienced a 44.2% surge in revenue, supported by a sharp rise in crude and product prices, higher feedstock costs, and a steep increase in transportation fuel cracks. However, higher crude premiums, freight rates, and domestic fuel retail under-recoveries limited earnings. The Oil and Gas segment remained stable as higher condensate realisations offset lower KGD6 gas production.

Chairman and Managing Director Mukesh D. Ambani attributed the strong results to resilient business execution amid a volatile operating environment and geopolitical supply chain pressures.

Practical Implications and Verification

Stakeholders and market analysts can review the official financial disclosures and stock exchange filings released by Reliance Industries Limited to verify these earnings figures. Readers are advised to cross-reference investor relations portals for detailed quarterly financial statements.