Reliance Industries reported its highest-ever consolidated gross revenue of Rs 3,62,268 crore for the quarter ended September 30, 2026, up 27.8% year-on-year. EBITDA rose 23.9% to a record Rs 62,409 crore, while profit after tax and share of associates and joint ventures climbed 33.8% to Rs 29,550 crore. EBITDA margin eased to 17.2% from 17.8%. Chairman Mukesh Ambani credited the domestic orientation and operational discipline of its integrated businesses for steering through volatile commodity markets and geopolitical tensions.
The Oil-to-Chemicals arm delivered its best quarter ever, with revenue up 44.2% to Rs 2,31,601 crore and EBITDA rising 67.9% to Rs 25,203 crore on stronger fuel cracks and better petrochemical margins. Jio Platforms grew revenue 11.3% to Rs 47,485 crore, with EBITDA up 16.6% and margin widening to 54.1%. Its subscriber base reached 542.4 million, ARPU rose to Rs 218.8, and its Rs 30,188-crore IPO was completed on October 28.
Reliance Retail Ventures posted revenue of Rs 91,716 crore, up 6.4%, while EBITDA before a one-time impairment fell 8.6% to Rs 6,228 crore. The company pointed to the festive calendar shifting into Q3, investments in digital commerce and absorbed input-cost inflation. JioStar’s revenue from operations grew 10.1% to Rs 6,806 crore, though EBITDA dropped 13.6%. JioHotstar averaged about 440 million monthly active users and expanded to Singapore, the UK and Canada.
The Oil and Gas segment saw revenue dip 0.6% to Rs 6,020 crore on lower KG D6 output. Capital expenditure stood at Rs 38,153 crore, largely directed at O2C, New Energy and consumer infrastructure.
