RIL Q2 FY27 results: Reliance Industries beats estimates with record quarterly EBITDA; revenue rises 25% yoy
RIL results: Mukesh Ambani-led Reliance Industries Ltd (RIL), India's most valuable company, posted its highest-ever quarterly core profit and EBITDA for the June quarter, supported by robust performances from its oil-to-chemicals and telecom businesses.The oil-to-telecom conglomerate reported a 25.4% year-on-year increase in consolidated revenue to Rs 3.12 lakh crore, according to a company statement.Excluding the one-time gain of Rs 8,924 crore from the sale of listed investments recorded in the corresponding quarter last year, recurring EBITDA rose 10.1% year-on-year to a record Rs 54,067 crore.
On the same basis, profit after tax increased 6.1% to an all-time high of Rs 23,196 crore.However, when the exceptional gain booked in the year-ago quarter is included in the comparison, EBITDA declined 6.8% year-on-year, while profit attributable to the company's owners fell 22% to Rs 20,946 crore. The comparison reflects the impact of last year's one-off item, despite stronger performance in the underlying businesses.Reliance began the previous financial year by posting its highest-ever quarterly consolidated net profit, aided in part by an exceptional gain of Rs 8,924 crore from the sale of its stake in Asian Paints.
As a result, the year-on-year comparison for the latest quarter was against a particularly high base."Reliance has made a steady start to FY27, with all businesses delivering strong operating performance. Our diverse business portfolio has once again demonstrated its resilience in a quarter which witnessed continuing geopolitical tensions and volatile commodity markets," said Mukesh Ambani, Chairman and Managing Director, Reliance Industries.Depreciation expense during the first quarter climbed 9% year-on-year to Rs 15,100 crore, mainly because of higher depreciation in the Digital Services business following the capitalisation of 5G assets.
Finance costs rose 18% from a year earlier to Rs 8,337 crore ($881 million), largely reflecting higher liability balances and the capitalisation of 5G assets.Capital expenditure during the quarter ended June 2026 stood at Rs 38,682 crore ($4.1 billion). The company said it continues to make substantial progress across its Oil-to-Chemicals (O2C) and New Energy projects, while also investing in expanding and strengthening the infrastructure and reach of its consumer businesses.RIL’s core Oil-to-Chemicals (O2C) business reported a 30% year-on-year increase in revenue to Rs 2.01 lakh crore ($21.3 billion) during the quarter.
The growth was primarily driven by a 54.1% year-on-year rise in crude oil prices, although it was partly offset by lower production resulting from a planned turnaround.EBITDA from the segment rose 17% compared with the same period last year to Rs 17,010 crore ($1.8 billion), supported by a sharp improvement in transportation fuel cracks and stronger downstream margins.According to the company, the O2C business also benefited from diversification of its crude basket, efficient placement of products in supply-deficit markets and favourable economics from ethane cracking."The O2C business delivered strong performance during the quarter, supported by all-time high middle distillate cracks and improved downstream petrochemical deltas.
This was achieved despite a challenging global energy market backdrop with disrupted supply chains," Ambani said.Jio Platforms profit risesJio Platforms reported a 9.2% year-on-year rise in profit after tax (PAT) to Rs 7,764 crore for the quarter ended June 2026, supported by continued growth in subscriber market share, higher average revenue per user (ARPU) and increased sales of digital services.The digital and telecom arm of Reliance Industries had posted a PAT of Rs 7,110 crore in the corresponding quarter last year."The Digital Services business continued its growth momentum during the quarter.
Jio’s performance across mobility, home broadband and enterprise services remained strong, driving healthy earnings growth of 15 per cent Y-o-Y," Reliance Industries Limited Chairman and Managing Director, Mukesh Ambani said in a statement.Ambani also said that Jio Platforms Limited submitted its Draft Red Herring Prospectus (DRHP) to the Securities and Exchange Board of India (Sebi) during the quarter, describing it as a major step towards the company's proposed public listing."The upcoming IPO will be an important milestone in Jio’s journey and will give investors an opportunity to participate in India’s digital growth story," Ambani said.Revenue from operations for the quarter rose 11.8% year-on-year to Rs 39,173 crore, compared with Rs 35,032 crore in the June 2025 quarter.Get the latest Business News and Live updates.
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