Mukesh Ambani-led Reliance Industries Limited (RIL) has released the results for the first quarter (April-June) of the financial year 2026-27. There has been a significant increase in the total income of the company, but the profit has decreased due to the exceptional gain received a year ago. Reliance’s consolidated net profit declined by 22% to Rs 20,946 crore in the June quarter. In the same quarter last year, the company had earned a profit of Rs 26,994 crore.
However, the company clarified that the basis of comparison was higher this time due to the one-time gain from selling its stake in Asian Paints last year. Excluding that impact, the performance of the company’s core business has been strong.
Income increased by 25% to Rs 3.11 lakh crore
Reliance’s operational income (Revenue from Operations) increased by 25% to Rs 3.11 lakh crore in the June quarter. The company’s income in the same period a year ago was Rs 2.48 lakh crore. At the same time, the company’s EBITDA increased by 10% to Rs 54,067 crore, which shows strong performance at the operating level.
Reliance Industries Chairman and Managing Director Mukesh Ambani said that despite global geopolitical tensions and fluctuations in the commodity market, all the businesses of the company have performed well. He said that Reliance’s diversified business model is capable of facing every kind of challenge.
Expenses increased due to 5G investment
Depreciation of the company increased by 9% to Rs 15,100 crore. The main reason for this is the capitalization of assets related to 5G network. At the same time, finance cost also increased by 18% to Rs 8,337 crore, because the company has invested extensively in 5G and other projects.
In the June quarter, Reliance made capital expenditure (Capex) of Rs 38,682 crore. The company is continuously investing in the expansion of Oil-to-Chemicals (O2C), New Energy and Consumer business.
Jio’s performance was strong
Reliance’s digital unit Jio Platforms also performed strongly. Jio’s net profit increased by 9% to Rs 7,764 crore in the first quarter. The company’s operating income increased by 12% to Rs 39,173 crore, while EBITDA registered a growth of 15%.
Jio’s ARPU (average monthly revenue per subscriber) increased to Rs 215.6. Data consumption per customer stood at 43.7 GB per month and total data traffic registered a year-on-year growth of 27%. During this period, Jio added 89 lakh new customers and the monthly churn rate decreased to 1.6%.
Jio has filed DRHP for IPO with SEBI in this quarter. Mukesh Ambani said that the proposed IPO will be a big step towards the growth of Jio and will give investors an opportunity to be a part of India’s digital economy.
O2C business also showed strength
The performance of Reliance’s oil-to-chemicals (O2C) business was also strong. The company’s income from this business increased by 30% to Rs 2.01 lakh crore. The company benefited from the sharp rise in crude oil prices and better refining margins. EBITDA of O2C business increased by 17% to Rs 17,010 crore.
However, the company said there remained some pressure on margins due to factors such as higher crude oil prices, increased freight and insurance expenses and stable fuel prices in the domestic market.
overall
Reliance Industries’ core business remained strong in the first quarter. Even though net profit may have declined due to the absence of one-time gain, the revenue, operating profit, performance of Jio and growth in O2C business show that the company’s business is growing at a strong pace. In the coming times, investors will keep an eye on Jio IPO and new energy business.
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