Reliance Industries posts record quarterly profit in Q1 FY2025-26

Mumbai, India — Reliance Industries Limited (RIL) has reported its highest-ever consolidated quarterly EBITDA and net profit for the first quarter of FY2025-26, underscoring the company’s robust performance across its diversified business segments.

The company’s gross revenue rose 6.0% year-on-year (YoY) to ₹273,252 crore (approximately \$31.9 billion), while EBITDA surged 35.7% YoY to ₹58,024 crore. This growth was accompanied by a margin expansion of 460 basis points, bringing the EBITDA margin to 21.2%. Net profit after tax and share of profit from associates jumped an impressive 76.5% YoY to ₹30,783 crore, reflecting strong operational efficiency and strategic execution.

Jio Platforms Ltd. (JPL) led the digital charge with an 18.8% YoY increase in revenue, fueled by strong subscriber additions and increased digital consumption. Its EBITDA rose 23.9% YoY to ₹18,135 crore, with a 210 basis point improvement in margins. Reliance Retail Ventures Ltd. (RRVL) also delivered solid results, posting a 12.7% YoY increase in EBITDA to ₹6,381 crore, supported by strategic initiatives and operational efficiencies. However, the Oil & Gas segment saw a 4.1% YoY decline in EBITDA due to lower revenues and increased maintenance costs.

Operationally, Jio surpassed 200 million 5G subscribers and 20 million home connections, reinforcing its leadership in fixed wireless access (FWA) through Jio AirFiber. JioMart Quick recorded a 175% YoY increase in hyper-local daily orders, highlighting strong consumer demand and digital adoption. Meanwhile, JioHotstar delivered its biggest-ever IPL season, averaging over 460 million monthly active users (MAUs), setting new benchmarks in digital entertainment.

Capital expenditure for the quarter stood at ₹29,875 crore, reflecting continued investment in growth and infrastructure. Net debt remained stable at ₹117,581 crore, with a healthy net debt-to-EBITDA ratio of 0.51, indicating strong financial discipline.

Chairman Mukesh Ambani expressed optimism about the company’s trajectory, citing innovation-led growth and continued investment in digital infrastructure, retail expansion, and energy transformation as key drivers for the future.