Reliance Industries Q3 earnings: Net profit rises marginally to ₹18,645 crore, revenue advances 10.5%

Reliance Industries Q3 results: Billionaire Mukesh Ambani-backed Reliance Industries on Friday, January 16, reported net profit of ₹18,645 crore in the third quarter of the current financial year (Q3FY26), marking a marginal increase of 0.57% from ₹18,540 crore in the same period last year.

Reliance Industries' revenue from operations advanced 10.5% to ₹2,69,496 crore in the October-December period compared with ₹2,43,865 crore in the year-ago period.

The country's most valuable company reported stable operational performance as its EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) also known as operating profit advanced 5% to ₹ 46,018 crore at the end of December quarter compared with 43,789 crore in the same period last year.

Its operating profit margins, however, contracted by 90 basis points 17.08% as against 17.96%.

"Reliance's consolidated performance in Q3 FY26 reflects consistent financial delivery and operational resilience across businesses. Jio's digital ecosystem is deepening its roots in Indian households. Through our mobility and broadband products, we are connecting mobile phones, homes, appliances and enterprises," Reliance Industries," Chairman and Managing Director Mukesh Ambani said in a statement.

"The synergistic value delivered by our connectivity and media platforms has meaningfully increased customer engagement. This quarter, Jio expanded its subscriber base further, through attractive propositions enabled by its comprehensive, indigenous technology stack tailored for Indian markets. The business delivered a robust financial performance with 16.4% growth in EBITDA," Ambani added

Reliance Jio Platforms Q3 earnings

Reliance Jio Platforms, the telecom arm of the oil-to-telecom conglomerate, reported an 11.2% increase in net profit from ₹6,861 crore to ₹7,629 crore at the end of December quarter.

Its EBITDA advanced 16.4% to ₹19,303 crore and EBITDA margin improved by 170 basis points to 51.8%.

Reliance Jio's average revenue per user (ARPU) per month, a key metric of a telecom company's profitability, improved to ₹213.7 per month from ₹211.4 per use in the previous quarter.

Total 5G subscriber base reached 253 million as of December 2025. 5G now accounts for 53% of total wireless traffic driven by consistent increase in customer engagement, Reliance Jio said.

During the quarter, Jio launched the Jio-Gemini offer for all unlimited 5G users. Every eligible user would get free access to 18-month subscription of Gemini Pro plan valued at ₹35,100. The subscription gives access to Gemini 3.0 Pro model in the Gemini app, higher limits to generate stunning images and videos with the state-of-the-art Nano Banana and Veo 3.1 models, expanded access to NotebookLM for study and research, 2 TB of cloud storage and more.

"Jio has been the catalyst for India's digital revolution by bringing the world's best technology platforms in the hands of India users. Jio's over 500 million subscriber base, deep customer insights and pan India distribution network will empower Reliance Intelligence to achieve its aim to make India not just AI-enabled but AI-empowered - where every citizen and enterprise can harness AI tools to create, innovate and grow. This will drive sustained value creation for all stakeholders in the coming year," said Akash Ambani, chairman of Reliance Jio Platforms.

Reliance Retail Q3 earnings

Reliance Retail Ventures, the retail arm of the Reliance Industries, reported net profit of ₹3,551 crore in December quarter, marking a marginal increase of 2.7% from ₹3,458 crore in the year-ago period.

Its revenue from operations advanced 9.2% to ₹86,951 crore from ₹79,595 crore.

The company's EBITDA rose 1.3% to ₹6,915 crore but its EBITDA margin contracted by 60 basis points to 8%.

During the quarter Reliance Retail expanded its store network with 431 new store openings, taking the total store count to 19,979 with area under operation at 78.1 million sq. ft.

The registered customer base grew to 378 million, making Reliance Retail one of the most preferred retailers in the country, Reliance Retail said.

"Reliance Retail delivered a steady quarterly performance, serving millions of customers across their shopping needs. By prioritizing trend-focused assortments and seamless omni-channel experiences, we continue to foster strong customer engagement and loyalty. As we navigate a shifting consumer landscape, we remain steadfast in our vision to redefine Indian retail through innovation and excellence," said Isha Ambani, Executive Director at Reliance Retail Ventures.

Reliance Industries oil to chemicals (O2C) Q3 performance

Reliance Industries mainstay oil to chemicals business reported an EBITDA increase of 15% to ₹16,507 crore at the end of December quarter due to sharp increase in transportation fuel cracks and higher Sulphur realisation partially offset by weakness in downstream chemical margins and higher feedstock freight rates. Favourable ethane cracking economics and domestic market placements continued to support profitability.

Its revenue advanced 8% to ₹1,62,095 crore from ₹1,49,595 crore in the same period last year.

In Q3FY26, global oil demand rose by 0.6 mb/d YoY to 104.7 mb/d. Jet/Kero demand was up by 0.4 mb/d YoY, Gasoline demand grew by 0.3 mb/d YoY and Diesel demand rose by 0.2 mb/d YoY. Dated Brent averaged $ 63.7/bbl in 3Q FY26, down $ 11.1/bbl (-14.7%) YoY, Reliance Industris said.

Crude oil benchmarks declined YoY on expectations of a potential oil supply surplus in 2026 caused by higher OPEC+ output and moderate demand growth. Chinese stock (SPR) builds supported prices.

Reliance Industries shares ended 0.15% higher at ₹1,461 ahead of its earnings announcement.