Mukesh Ambani-led Reliance Industries Limited (RIL) on Friday reported modest performance for the third quarter of the current financial year. The energy-to-telecom behemoth posted a 2.6% quarter-on-quarter (QoQ) rise in its consolidated net profit (attributable to owners) at ₹18,645 crore for Q3 FY26, compared to ₹18,165 crore in the preceding quarter. On a year-on-year (YoY) basis, consolidated profit after tax (PAT) grew by 1.6% to reach ₹22,290 crore.

The company's revenue from operations rose 4.1% QoQ to ₹269,496 crore, up from ₹258,898 crore in Q2 FY26. Gross revenue for the quarter stood at ₹293,829 crore, marking a 10.0% growth YoY, primarily driven by robust momentum in digital services and the oil-to-chemicals (O2C) segment. Consolidated EBITDA for the quarter hit a record ₹50,932 crore, up 6.1% YoY.

Segmental highlights

• Jio Platforms (JPL): The digital arm continued its dominant run with a net profit of ₹7,629 crore, up 11.3% YoY. It added 8.9 million net subscribers, taking its total base to 515.3 million. Jio’s 5G user base crossed the 250 million mark, while the fixed broadband base surpassed 25 million connects. Average revenue per user (ARPU) improved to ₹213.7, supported by a better subscriber mix.

Mukesh Ambani, chairman and managing director, said, "FY26 reflects consistent financial delivery and operational resilience across businesses. Jio's digital ecosystem is deepening its roots in Indian households. Through our mobility and broadband products, we are connecting mobile phones, homes, appliances and enterprises. The synergistic value delivered by our connectivity and media platforms has meaningfully increased customer engagement ... Reliance's robust cash-flows and balance sheet strength have been recognized by international rating agencies. Our foreign currency debt issuances are now rated "A-" by S&P Global Ratings."

The shares of Reliance Industries ended 0.15% higher at ₹1,461 apiece on the national stock exchange on Friday ahead of the results. The stock has surged over 15% in the past one year, outperforming the benchmark Nifty 50 index which has risen almost 11% during the same period.