Reliance Industries Q2 earnings: Net profit rises 10% to ₹18,165 crore, EBITDA jumps 18%

Reliance Industries, the country’s most valuable company, on Friday, October 17, reported a consolidated net profit of ₹18,165 crore in the second quarter of the current financial year, marking an increase of 10% from ₹16,563 crore in the same period last year.

Billionaire Mukesh Ambani-backed company’s revenue from operations jumped 10% to ₹2,58,898 crore in the July-September period from ₹2,35,481 crore in the year-ago period.

The company on a consolidated basis reported a strong operational performance, as its operating profit, also known as EBITDA (earnings before interest, tax, depreciation and amortisation), jumped 18% to ₹45,885 crore and its operating profit margin expanded by 120 basis points to 18%.

“Reliance delivered a robust performance during 2QFY26, led by strong contributions from O2C, Jio and retail businesses. Consolidated EBITDA registered 14.6% growth on a Y-o-Y basis, reflecting agile business operations, a domestic-focused portfolio and structural growth in the Indian economy," said Mukesh Ambani, Chairman and Managing Director, Reliance Industries.

Reliance Jio Infocomm Q2 earnings

Jio’s operating revenue came in at ₹42,652, up 15% annually.

During the quarter, the company added 10 lakh new homes each month, taking the total connected premises to 23 million with fixed broadband. JioAirFiber extended its global leadership with a subscriber base of 9.5 million.

The company’s EBITDA jumped 18% to ₹18,757 crore, and the EBITDA margin improved by 140 basis points to 51.6%.

“Jio has proudly served over 500 million subscribers, addressing multiple digital needs of their everyday life. This has been possible due to Jio’s Deep-Tech initiatives, which have sparked India’s technological revolution and have become the backbone of our Prime Minister’s Digital India Mission. Jio will continue to bring new-age technologies and enhance the life of every Indian citizen. Jio has successfully delivered its indigenous technology stack at India scale and is now set to take our homegrown technology around the world,” said Akash M Ambani, Chairman of Reliance Jio Infocomm.

Reliance Retail Q2 earnings

Reliance Industries' retail arm, Reliance Retail Venture's net profit, advanced 22% to ₹3,457 crore from ₹2,836 crore in the year-ago period.

Its EBITDA rose 16.5% to ₹6,816 crore, but its EBITDA margin contracted by 20 basis points to 8.6% from 8.8%.

“Business delivered robust performance during the quarter with revenue of ₹ 90,018 crore, up 18.0% Y-o-Y. Grocery and fashion & lifestyle businesses grew 23% and 22% Y-o-Y, respectively, led by festive buying. Consumer Electronics delivered 18% Y-o-Y growth aided by GST rate reduction and new launches,” Reliance Industries said in an earnings release.

During the quarter, the company expanded its store network by 412 new stores, taking the total count to 19,821 with an area under operation at 77.8 million sq. ft.

“Reliance Retail delivered strong performance during the quarter, led by our relentless focus on operational excellence, investments in stores and digital platforms and festive buying across consumption baskets. GST rate changes will further accelerate consumption growth as consumers get the benefit of lower prices. Our success is a testament to our deep understanding of the consumer. We consistently innovate, from curating new collections to creating campaigns that connect with today’s Indian consumer, and our focus remains on building brands that inspire and resonate across India," said Isha M. Ambani, Executive Director, Reliance Retail Ventures.

Reliance Industries' O2C business Q2 earnings

“Segment EBITDA for 2Q FY26 increased by 20.9% Y-o-Y to ₹ 15,008 crore ($ 1.7 billion) with a sharp rebound in transportation fuel cracks (up 22-37%) and improvement in polymer margins. This was, however, partially offset by weak polyester chain deltas. Segment EBITDA was also supported by sustained higher volumes in domestic fuel retailing,” Reliance Industries said.

In 2Q FY26, global oil demand rose by 0.75 mb/d Y-o-Y to 104.8 mb/d. Diesel demand was up by 0.2 mb/d Y-o-Y, jet/kero demand grew by 0.2 mb/d Y-o-Y, and gasoline demand was nearly flat Y-o-Y, the Mumbai-based company added.

Reliance Industries shares ended 1.49% higher at ₹1,419 ahead of its earnings announcement.