Reliance Industries reports 14.3% rise in net profit to ₹22,092 crore; Jio logs PAT of ₹7,379 crore

Oil-to-telecom conglomerate Reliance Industries said on Friday that it reported a 14.3% rise in net profit to ₹22,092 crore, whereas its gross revenue grew 9.9% year-over-year to over ₹2.83 lakh crore.

“Reliance delivered a robust performance during the second quarter of FY26, led by strong contributions from O2C, Jio and Retail businesses. Consolidated Ebitda registered 14.6% growth on a year-over-year basis, reflecting agile business operations, domestic-focused portfolio and structural growth in the Indian economy,” said Mukesh Ambani, chairman, Reliance Industries, in a statement.

Powered by Jio

Jio Platforms, the telecom arm of Reliance Industries, reported a quarterly revenue of ₹42,652 crore, up 14.9% year-over-year. Its profit after tax for the second quarter stood at ₹7,379 crore, registering a 12.8% growth. It should be noted that at the 48th annual general meeting, Reliance Industries announced its intention to list Jio Platforms on the exchanges by the first half of 2026.

According to Jio Platforms, the growth in operating revenue was driven by gains in subscriber market share across mobility and homes, an improvement in ARPU, and continued growth in the digital services business. The ARPU for the quarter was ₹211.4 per subscriber per month.

The Jio subscriber base has crossed the milestone of 500 million, with a total subscriber base of over 506 million as of September 2025. 5G now accounts for nearly 50% of the total wireless traffic. Jio AirFiber continues to add more than a million subscribers every month.

“Jio will continue to bring new age technologies and enhance the lives of every Indian citizen. Jio has successfully delivered its indigenous technology stack at an Indian scale and is now set to take our homegrown technology around the world,” said Akash Ambani, chairman, Reliance Jio Infocomm, in a statement.

Other businesses

Reliance Retail Ventures Limited posted a revenue of ₹90,018 crore in the second quarter, an 18% year-over-year increase. The profit after tax for the period was ₹3,457 crore, a 21.9% increase from the previous year. 

The grocery, fashion, and lifestyle businesses grew by 23% and 22% year-over-year, respectively, primarily due to increased festive spending. Consumer electronics, on the other hand, registered an 18% year-over-year growth, driven by a reduction in the GST rates and new product launches.

“Reliance Retail delivered strong performance during the quarter, led by our relentless focus on operational excellence, investments in stores and digital platforms and festive buying across consumption baskets. GST rate changes will further accelerate consumption growth, as consumers benefit from lower prices,” said Isha Ambani, executive director, Reliance Retail Ventures Limited, in a statement.

The second-quarter revenue of the oil-to-chemicals segment increased by 3.2% year-over-year to over ₹1.6 lakh crore. Jio-bp network added 236 outlets on a year-to-year basis. The country-wide network of Jio-bp has 2,057 fuel retail outlets.

The oil and gas (exploration and production) segment, on the other hand, saw a revenue decline of 2.6% to ₹6,058 crore, primarily due to the natural decrease in production of KGD6 gas and lower realisation of CBM gas prices. The quarterly Ebitda and Ebitda margins also declined on a year-to-year basis due to lower revenues, coupled with higher operating costs due to periodic maintenance activities.

The JioStar business registered record Ebitda for the quarter, with margins soaring to 28.1% in the second quarter, leading to profit in tax more than doubling to ₹1,322 crore in the second quarter, compared to ₹581 crore in the first quarter.

The India–England Anderson-Tendulkar Trophy became the most-watched test series ever on digital, with 170 million viewers, whereas Wimbledon 2025 saw a 77% growth on JioHotstar.

Reliance Industries shares closed 1.35% higher on Friday at ₹1416.95 apiece ahead of the results.