Reliance Industries Limited reported a 22.4% year-on-year decline in consolidated net profit for the April-June quarter of the financial year 2026-27, amounting to ₹20,946 crore. In the same period last year, the company recorded a profit of ₹26,994 crore. However, on a sequential basis, the profit increased by 23.4% from ₹16,971 crore in the previous quarter, Q4FY26.
Key Details
The company’s revenue from operations rose by 25.4% year-on-year to ₹3,11,850 crore, compared to ₹2,48,660 crore in Q1FY26. Sequentially, revenue increased by 4.4% from ₹2,98,621 crore in Q4FY26. Reliance’s consolidated EBITDA for the quarter was ₹54,067 crore, reflecting a 10.1% year-on-year increase and an 11.3% rise from the previous quarter. The EBITDA margin, however, slipped by 210 basis points year-on-year to 15.9%, while it improved by 100 basis points sequentially.
Mukesh D. Ambani, Chairman and Managing Director of Reliance Industries, stated,
Reliance has made a steady start to FY27, with all businesses delivering strong operating performance.
He highlighted the resilience of the company’s diverse portfolio amid ongoing geopolitical tensions and volatile commodity markets.
Background
Jio Platforms, a key segment of Reliance, reported an 11.8% year-on-year increase in revenue from operations to ₹39,173 crore, with profit rising by 9.2% to ₹7,764 crore. The average revenue per user (ARPU) increased to ₹215.6 from ₹208.8 year-on-year, driven by a better subscriber mix and positive seasonality, despite some impact from promotional schemes for fixed broadband customers.
The decline in Reliance's profit could affect investor sentiment in the telecommunications and energy sectors, particularly as it reflects broader market conditions influenced by geopolitical factors. Investors will watch for the next quarterly earnings report to gauge ongoing performance and market strategies.