Mumbai, July 17 (NVI) Mukesh Ambani-led Reliance Industries Limited (RIL) today reported a 22.40 per cent year-on-year (YoY) drop in consolidated net profit at Rs 20,946 crore for the June quarter compared with Rs 26,994 crore in the corresponding quarter last year.
The oil-to-telecom major said its other income for the quarter stood at Rs 6,550 crore compared with Rs 15,119 crore in the same quarter last year.
The year-ago figure included Rs 8,924 crore, being proceeds of profit from sale of investments in Asian Paints.
The company reported 25.41 per cent YoY growth in net sales at Rs 3,11,850 crore for the first quarter compared with Rs 2,48,660 crore in the same quarter last year.
RIL said its Ebitda rose 10.1 per cent YoY to Rs 54,067 crore but Ebitda margin fell 210 basis points YoY to 15.9 per cent in Q1FY27 from 18 per cent in Q1FY26.
“The meeting of the Board of Directors commenced at 5:30 p.m. (IST). Please note that the Financial Results were approved by the Board at 7:00 p.m. (IST) and the meeting is continuing,” RIL said in an exchange filing.
Ahead of its earnings, RIL settled 2.59 per cent higher at Rs 1,326.50 apiece on BSE. Despite this, the stock is down 15.66 per cent in 2026 so far. Here are key highlights of the RIL Q1 results:-
Among segments, Jio Platforms saw 12 per cent increase in revenue, driven by continued subscriber market share gains, ARPU increase and strong growth in digital services.
JPL Ebitda increased 15.1 per cent YoY, driven by strong revenue growth, operating leverage and margin expansion of 150 bps.
RIL Chairman Mukesh Ambani said the start to FY27 gives me reason to be optimistic about the year ahead as his company moved forward with phased commissioning of new energy projects and unlock value through the Jio IPO.
Ambani said Digital Services business continued its growth momentum during the quarter. Jio’s performance across mobility, home broadband and enterprise services remained strong, driving healthy earnings growth of 15 per cent YoY.
During the quarter, Jio Platforms Limited filed its DRHP with SEBI, a significant step towards its public listing.
“The upcoming IPO will be an important milestone in Jio’s journey and will give investors an
opportunity to participate in India’s digital growth story,” Ambani said.
Oil to Chemicals (O2C) revenue jumped 30.4 per cent YoY. This was largely driven by sharp increase in crude prices partially offset by lower production meant for sale.
“O2C Ebitda increased 17.2 per cent YoY due to stronger transportation fuel cracks and favourable downstream margin. Earnings were impacted by costlier feedstock sourcing and lower production due to planned turnaround,” RIL said.
Ambani said the O2C business delivered strong performance during the quarter, supported by all-time high middle distillate cracks and improved downstream petrochemical deltas.
This was achieved despite a challenging global energy market backdrop with disrupted supply chains, he said.
“Our teams navigated this difficult environment with operational agility and ensured adequate availability of essential fuels and materials in the domestic markets,” Ambani said. (NVI)
