Reliance Industries posted a consolidated net profit of ₹26,994 crore for the April-June quarter. Marking a sharp 78 percent increase compared to the same period last year. The jump was largely driven by strong growth in its oil-to-chemicals (O2C), telecom, and retail segments.
The company revenue for Q1 stood at ₹2.41 lakh crore, showing a modest 2.2 percent year-on-year rise. Operating profit (EBITDA) came in at ₹44,678 crore, up 14.6 percent from last year, beating analysts’ projections across most business verticals.
Retail and Jio Businesses Continue Upward Momentum
Reliance Retail delivered its highest-ever quarterly EBITDA at ₹6,417 crore, recording a 33.9 percent year-on-year jump. The segment also clocked a revenue of ₹78,746 crore, benefiting from strong footfalls, network expansion, and festive buying patterns. Jio Platforms, the telecom and digital arm, reported an 11.5 percent rise in net profit at ₹5,445 crore. The subscriber base crossed 481 million, and average revenue per user (ARPU) stood at ₹181.70, supported by higher data consumption and better user mix.
The oil-to-chemicals segment, which contributes the largest chunk to overall earnings, posted a 14.3 percent increase in EBITDA at ₹17,818 crore. This came on the back of improved margins in refining and petrochemical operations. The company also reduced its gross debt to ₹2.22 lakh crore from ₹2.25 lakh crore in the previous quarter, while cash and cash equivalents stood at ₹2.16 lakh crore, keeping the balance sheet stable.
Chairman Mukesh Ambani highlighted that all key businesses performed well despite global uncertainty. He pointed out that consumption growth in India remains resilient, and the company is positioned to benefit from economic momentum. On the technology front, Reliance confirmed further investments in AI and cloud infrastructure through Jio. It also announced the rollout of new retail formats focused on Tier-2 and Tier-3 markets.
Reliance maintained its focus on energy transition, with updates on its green energy parks in Jamnagar. The company said it continues to build out solar, battery, and hydrogen projects aimed at making clean energy affordable and scalable.
The Q1 results underline Reliance strategy of balanced growth across core and emerging sectors. While global commodity cycles and regulatory changes may pose challenges, the company diversified playbook is helping it navigate them effectively. With strong performance across verticals and continued investment in innovation and infrastructure, Reliance remains a heavyweight in the Indian corporate landscape, setting a high bar for peers in the current earnings season.
