Reliance Industries Q2 Profit Rises 33.8% to Rs 29,550 Crore
Reliance Industries posted record quarterly revenue and EBITDA for July to September 2026, led by oil to chemicals.
Key Takeaways
- Reliance Industries' Q2 FY27 profit after tax and share of associates and joint ventures was Rs 29,550 crore, up 33.8%.
- Gross revenue rose 27.8% to Rs 362,268 crore and EBITDA rose 23.9% to Rs 62,409 crore.
- Oil-to-chemicals EBITDA rose 67.9% to Rs 25,203 crore.
- Reliance Retail's EBITDA before a one-time impairment charge fell 8.6% to Rs 6,228 crore.
- Net debt was Rs 117,140 crore on September 30, 2026.
Table of Contents 4 sections
Reliance Industries reported consolidated profit after tax and share of associates and joint ventures of Rs 29,550 crore for the July to September 2026 quarter (Q2 FY27), up 33.8% from the same quarter a year earlier. The company called it a new quarterly high.
Gross revenue rose 27.8% to Rs 362,268 crore and EBITDA rose 23.9% to Rs 62,409 crore. The oil-to-chemicals business delivered its highest EBITDA so far, while Reliance Retail's EBITDA before a one-time impairment charge fell 8.6%.
Reliance Industries Q2 FY27 at a glance
| Detail | Value |
|---|---|
| Quarter | July to September 2026 (Q2 FY27) |
| Gross revenue | Rs 362,268 crore, up 27.8% from Rs 283,548 crore |
| EBITDA | Rs 62,409 crore, up 23.9% from Rs 50,367 crore |
| EBITDA margin | 17.2%, against 17.8% a year earlier |
| Profit before tax | Rs 38,613 crore, up 32.6% |
| Profit after tax | Rs 29,250 crore, up 32.1% from Rs 22,146 crore |
| Profit after tax and share of associates and joint ventures | Rs 29,550 crore, up 33.8% from Rs 22,092 crore |
| Net profit attributable to owners of the company | Rs 25,548 crore, up 40.6% from Rs 18,165 crore |
| Capital expenditure | Rs 38,153 crore |
| Net debt | Rs 117,140 crore |
How refining, retail and oil and gas moved in Reliance's quarter
The oil-to-chemicals (O2C) business had revenue of Rs 231,601 crore, up 44.2%, and EBITDA of Rs 25,203 crore, up 67.9%.
Reliance Retail's gross revenue rose 6.4% (adjusted for the demerger of the Consumer Brands business) to Rs 91,716 crore, and its EBITDA before a one-time impairment charge fell 8.6% to Rs 6,228 crore, a margin of 7.8%. The company said the retail performance was affected by the festive calendar shifting to the third quarter. Reliance Retail opened 303 stores in the quarter and ended with 19,947 stores. The oil and gas segment's EBITDA was Rs 4,901 crore, down 2%.
| Segment | Q2 FY27 |
|---|---|
| Oil to chemicals | Revenue Rs 231,601 crore (up 44.2%); EBITDA Rs 25,203 crore (up 67.9%) |
| Reliance Retail | Gross revenue Rs 91,716 crore (up 6.4%); EBITDA before one-time impairment Rs 6,228 crore (down 8.6%) |
| Oil and gas | EBITDA Rs 4,901 crore (down 2%) |
Where Reliance's results stand after Jio's listing week
Reliance reported the results on October 30, 2026, two days after Jio Platforms listed on the NSE and BSE on October 28, 2026 following an initial public offer that raised Rs 30,188 crore. Profit after tax and share of associates and joint ventures for the first half of FY27 was Rs 52,746 crore, against Rs 43,951 crore a year earlier, which excludes a one-time gain from the sale of listed investments.
The company's net debt stood at Rs 117,140 crore on September 30, 2026, and capital expenditure for the quarter was Rs 38,153 crore.
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