Reliance Industries Q1 result: Net profit jumps 78%, revenue rises 5%, EBITDA advances 11%

The sharp jump in profit came on the back of a strong surge in other income in the first quarter. Reliance Industries' other income in the June quarter jumped 280% to ₹15,119 crore as against ₹3,983 in the year-ago period.

Other income included a gain of ₹8,924 crore, being proceeds of profit from the sale of listed investments, Reliance Industries said in an exchange filing. The Ambani-backed company sold its stake in Asian Paints in multiple tranches last month.

Reliance Industries' revenue from operations rose 5% to ₹2,48,660 crore from ₹2,36,217 crore.

Operationally, Reliance Industries reported stable performance as its earnings before interest, taxes, depreciation, and amortisation (EBITDA), also known as operating profit, rose nearly 11% to ₹ 42,905 crore, and its operating profit margin expanded by 80 basis points to 17.25% as against 16.41% seen in the corresponding period last year.

“Reliance has begun FY26 with a robust, all-round operational and financial performance. Consolidated EBITDA for 1Q FY26 improved strongly from a year-ago period, despite significant volatility in global macros," said Mukesh Ambani, Chairman and Managing Director, Reliance Industries.

Reliance Industries telecom arm Jio Platforms reported a net profit of ₹7,110 crore in Q1, marking an upside of 25% from ₹5,698 crore in the same period last year.

Revenue for Jio Platforms advanced 19% annually to ₹41,054 crore, and its EBITDA advanced 24% to ₹18,135 crore.

Jio's average revenue per user (ARPU), a key metric to gauge the profitability of a telecom company, came in at ₹208.8 per user per month, up 15% from ₹181.70 in the same period last year.

During the quarter, the JioTrue5G user base crossed the 200 million milestone during the quarter and now stands at 213 million as of June 2025. Large-scale adoption of JioTrue5G with a differentiated customer experience has been driven by Jio’s own end-to-end 5G stack with a cloud-native core network, which is ready to be taken to global markets, the company said in a press release.

“We have delivered a milestone quarter at Jio with our 5G and home subscriber base crossing the 200 million and 20 million marks, respectively. Jio continues to bring next-generation services for its users with the launch of JioGames Cloud and the JioPC bundle at affordable prices to drive adoption of digital services in India. Jio continues to create unparalleled technology infrastructure and is extending its leadership in 5G and fixed broadband. This will be pivotal in driving AI adoption in the country,” said Akash Ambani, Chairman of Reliance Jio Infocomm.

Reliance Industries retail arm, Reliance Retail Ventures, delivered stable growth performance in the first quarter as its net profit rose 28% to ₹3,271 crore.

Its revenue from operations advanced 11% to ₹84,171 crore, its EBITDA rose 13% to ₹6,381 crore, and its EBITDA margin improved by 20 basis points to 8.7%.

In the first quarter of the current fiscal year, Reliance Retail expanded its store network with 388 new store openings, taking the total store count to 19,592 with an area under operation of 77.6 million square feet. The registered customer base grew to 358 million, the company said.

“Reliance Retail delivered resilient performance during this quarter driven by our relentless focus on operational excellence, geographical expansion and sharper product portfolio. Our continued investments in cutting-edge technologies and differentiated product offerings have enabled us to serve our customers better and scale with agility," said Isha Ambani, Executive Director at Reliance Retail Ventures.

RIL's oil-to-chemicals (O2C) business saw its revenue decline 1.5% to 154,804 crore due to a fall in crude oil prices and lower volumes on account of a planned shutdown.

Reliance Industries shares ended on a flat note at ₹1,476.85 ahead of its earnings announcement.