Business · Companies · 3 hrs ago
Reliance Industries posts record quarterly profit as Jio reports growth
Reliance Industries reported record quarterly profit for the July-to-September quarter, while Jio Platforms also posted higher profit.
Reliance’s profit rose 33.8% from a year earlier to ₹29,550 crore, helped by stronger results in its oil-to-chemicals business.
Higher fuel margins lifted oil-to-chemicals earnings, as global refining conditions improved.
Reliance’s retail business was a weaker spot, with profit down 24.3% despite higher revenue.
Jio reported growth in profit and customer spending, and its user base reached 542.4 million.
The results came soon after Jio Platforms completed a ₹30,188-crore IPO and began trading as a listed company.
Investors will assess both companies’ results on Monday, when the shares are in focus.
Reliance Industries reported record consolidated profit of ₹29,550 crore for the July-September quarter, up about 34% from a year earlier.
The oil-to-chemicals business led the increase, with quarterly EBITDA rising about 68% to ₹25,203 crore.
Jio Platforms reported profit of ₹8,387 crore, revenue of ₹47,485 crore and 542.4 million subscribers.
Retail was a relative weak spot, with Reliance Retail Ventures’ profit down 24.3% to ₹2,611 crore.
The articles give different figures for Reliance’s revenue and EBITDA: one reports ₹3.38 lakh crore and 15% growth, while the other reports ₹3,62,268 crore and 23.9% growth.
- Who
- Reliance Industries and Jio Platforms. Reliance chairman and managing director Mukesh Ambani commented on the results.
- What
- Reliance reported record quarterly profit, driven largely by its oil-to-chemicals business. Jio Platforms also reported higher revenue, profit and average revenue per user.
- When
- The July-September quarter of FY27. The results were reported on 30 October 2026.
- Where
- Reliance Industries is based in Mumbai. The results cover its businesses and Jio Platforms; a more specific location is not stated.
- Why
- Stronger oil-to-chemicals and digital performance lifted Reliance’s results. Tight fuel markets, improved petrochemical margins and firm domestic demand supported the oil-to-chemicals business.
This story does not have two clearly opposing sides.
Jio Platforms completed its ₹30,188-crore initial public offering.
Reports on Reliance Industries’ and Jio Platforms’ second-quarter results were published.
- Reliance net profit
- ₹29,550 crore
- O2C EBITDA
- ₹25,203 crore
- Jio Platforms profit
- ₹8,387 crore
- Jio subscribers
- 542.4 million
- Jio 5G users
- 300 million
6 sources
Oil-to-chemicals business powers Reliance Industries' record quarterly net profit, up 34% to ₹29,550 crore
RIL, JPL Q2 results 2026 impact: Reliance Industries, Jio Platforms shares in focus on Monday 2 Nov - What to expect?
What people are saying
During the second quarter, our businesses delivered a strong performance despite a complex operating environment.
Our O2C business delivered a particularly strong performance this quarter, led by tight fuel markets, improved downstream petrochemical deltas and firm domestic demand
O2C led the charge with record Ebitda