Reliance Industries Q2 Results LIVE: Mukesh Ambani-led oil-to-telecom-to-retail conglomerate Reliance Industries Ltd (RIL) announced a robust set of numbers for Q2 FY26.
The company posted a 15.9% year-on-year (YoY) jump in the consolidated profit after tax to ₹22,146 crore. While the figure moderated on a QoQ basis, it was largely due to an exceptional gain that boosted the last quarter’s bottomline.
The revenue from operations saw a gross revenue stood at ₹283,548 crore in Q2 FY26, a growth of 9.9% YoY over ₹258,027 crore posted in the same period a year ago. The figure was also higher on a QoQ basis, as it stood at ₹273,252 crore in the June 2025 quarter.
Here’s a look at segment-wise performance:
Jio Platforms
Reliance Jio posted a healthy growth in Q2 as its revenue rose by 14.6% YoY to ₹36,332 crore. Meanwhile, PAT saw a 12.8% YoY increase to ₹7,379 crore.
Jio ARPU for Q2 increased to ₹ 211.4 ahead of the company’s much-awaited IPO with increased engagement of customers, impacted for the time being by the promotional 5G offers.
Reliance Retail
The retail segment delivered healthy YoY growth in both revenue and profit, although margins declined slightly. Revenue from operations rose 19% YoY to ₹79,128 crore, while PAT grew at a stronger pace of 21.9% YoY to ₹3,457 crore. EBITDA increased by 16.5% YoY to ₹6,816 crore; however, the EBITDA margin slipped by 20 basis points to 8.6%. Festive demand and GST rate cut helped drive the performance.
O2C business
The oil to chemicals (O2C) revenue for 2Q FY26 was higher by 3.2% YoY to ₹160,558 crore. Production meant for sale increased 2.3% on a YoY basis with higher throughput in both primary and secondary units, said RIL.
Meanwhile, EBITDA for Q2 rose by 20.9% YoY to ₹15,008 crore with a sharp rebound in transportation fuel cracks (up 22-37%) and improvement in polymer margins.
Oil & gas segment
The segment’s EBITDA declined by 5.4% YoY to ₹5,002 crore, with the EBITDA margin contracting by 240 basis points to 82.6%. The decline was driven by lower revenues and higher operating costs arising from periodic maintenance activities. According to the company, the revenue drop of 2.6% YoY was primarily due to the natural decline in production from the KGD6 block.
Stay tuned to our Reliance Q2 Results Live Blog for the latest updates:
