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Reliance Industries (RELIANCE) investor relations material

Reliance Industries Q2 25/26 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 25/26 earnings summary17 Oct, 2025

Executive summary

  • Achieved double-digit growth in consolidated revenue, EBITDA, and PAT year-over-year, driven by strong performances across digital, retail, oil-to-chemicals, and new energy segments.

  • Consolidated revenues increased 10% year-over-year, with net profit after tax at ₹22,092 crore, up 14%.

  • Maintained robust financial health with net debt broadly flat and a net debt to LTM EBITDA ratio of 0.58.

  • The Board and Audit Committee reviewed and approved the unaudited results on October 17, 2025.

Financial highlights

  • Q2 FY26 consolidated revenue rose 10% YoY to ₹258,898 crore; EBITDA up 14.6% YoY to ₹50,367 crore; PAT up 14.3% YoY to ₹22,092 crore.

  • Jio Platforms: Revenue at ₹36,332 crore, up 12.4% YoY; EBITDA at ₹18,757 crore, up 18% YoY; PAT at ₹7,375 crore, up 13% YoY.

  • Retail: Revenue grew to ₹90,544 crore, EBITDA up 17% YoY to ₹6,817 crore.

  • Oil to Chemicals (O2C): Revenue at ₹160,558 crore, EBITDA up 21% YoY to ₹15,008 crore, margin up 130 bps.

  • Digital Services: Revenue at ₹43,617 crore, EBITDA at ₹18,882 crore, up 17% YoY.

Outlook and guidance

  • Expectation to ramp up home connections and maintain strong growth in digital and retail segments.

  • New Energy business progressing rapidly, with solar and battery giga-factories on schedule for commissioning and first RE/RTC power production next year.

  • On track to double Jio Platforms EBITDA between FY2024-28.

  • Constructive near-term outlook with tight fuel markets and seasonal demand expected to support performance.

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Frequently asked questions

Reliance Industries Limited (RIL) is an Indian multinational conglomerate company. Reliance owns businesses across India engaged in energy, petrochemicals, textiles, natural resources, retail, and telecommunications. The company was founded in 1973 and is headquartered in Mumbai, India.

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