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Reliance Industries Q2 Results Highlights: Net profit jumps 34% on refining, digital gains; revenue hits record Reliance Industries Q2 Results Highlights: The Oil and Gas business reported revenue of ₹6,020 crore, compared with ₹6,298 crore in the previous quarter and ₹6,058 crore in the year-ago period. EBITDA stood at ₹4,901 crore, against ₹4,973 crore sequentially and ₹5,002 crore year-on-year. EBITDA margin was 81.4%, compared with 79% in the previous quarter and 82.6% in the corresponding quarter las Consolidated revenue rose to ₹3.62 lakh crore from ₹3.40 lakh crore sequentially and ₹2.84 lakh crore year-on-year, marking the company's highest-ever quarterly revenue and its strongest-ever quarterly performance. Consolidated EBITDA margin stood at 18.8%, compared with 17.3% in the previous quarter and 19.5% in the corresponding quarter last year. Reliance Industries' Oil-to-Chemicals (O2C) business reported revenue of ₹2.32 lakh crore, compared with ₹2.02 lakh crore in the previous quarter and ₹1.61 lakh crore in the year-ago period. EBITDA rose to ₹25,203 crore from ₹17,010 crore sequentially and ₹15,008 crore year-on-year. EBITDA margin improved to 10.9% from 8.4% in the previous quarter and 9.3% a year earlier. The Oil and Gas business reported revenue of ₹6,020 crore, compared with ₹6,298 crore in the previous quarter and ₹6,058 crore in the year-ago period. EBITDA stood at ₹4,901 crore, against ₹4,973 crore sequentially and ₹5,002 crore year-on-year. EBITDA margin was 81.4%, compared with 79% in the previous quarter and 82.6% in the corresponding quarter last year. Watch this space for all the highlights on Reliance Industries' Q2 results. Thank you for joining our coverage of Reliance Industries Q2 Results We will now wrap up the blog. Good night, folks! Reliance Industries Q2 Results LIVE Updates: Reliance Retail Q2 Results: Gross revenue grows 6.4% Reliance Retail Ventures (RRVL), the retail arm of Reliance Industries, reported a 6.4% year-on-year (YoY) increase in gross revenue to ₹91,716 crore in the September quarter, adjusted for the demerger of its Consumer Brands business. The company’s performance was impacted by the shift in the festive calendar to the December quarter. Read more here. Reliance Industries Q2 Results LIVE Updates: Jio Platforms Q2 profit jumps nearly 14%, broadband base crosses 30 million Two days after its blockbuster stock market debut, Jio Platforms reported a net profit of ₹8,389 crore in the second quarter of FY27, up 13.7% from ₹7,379 crore in the corresponding period last year. Gross revenue for the quarter stood at ₹47,485 crore, up 11.3% from ₹42,652 crore in the year-ago period and 3.3% from ₹45,961 crore in the previous quarter. Read more here Reliance Industries Q2 Results LIVE Updates: Reliance oil-to-chemicals profitability hits an all-time high Reliance Industries (RIL) reported a record quarterly operating performance for its core oil-to-chemicals (O2C) business in the second quarter ended September 30, with segment EBITDA surging 67.9% year-on-year to an all-time high of ₹25,203 crore. Read more here Reliance Industries Q2 Results LIVE Updates: Piyush Pandey, Research Analyst at Centrum Broking, on Jio Platforms Q2 results “I would say Jio Platforms’ earnings are a broadly steady set of numbers. Revenue growth was primarily driven by higher customer additions and an increase in ARPU on a sequential basis. Overall, these look like in-line numbers. So, we are building in revenue growth of close to 12%, EBITDA growth of around 13% and PAT growth of around 14-15% for the current financial year. In terms of EPS, I would say it will closely follow the PAT number. So, broadly, I would say we can expect 15% EPS growth for the full year, but it depends on the timing of the next tariff increase.” Reliance Industries Q2 Results LIVE Updates: Deven Choksey, Managing Director of Drchoksey Finserv, on results “I think indeed the Reliance Industries numbers are pretty handsome numbers. Frankly, I think I do recollect one of the interactions on the channel wherein I categorically stated that this quarter is possibly the best quarter that one has ever seen as far as the CRACKS margins are concerned, and particularly the diesel margins are concerned, because diesel exports to the European countries by Reliance have, actually, I think, worked in their favour significantly, as it looks like. Of course, I need to see a lot of details before I make a qualified statement. But from the numbers that we had calculated and anticipated, I think this is clearly established. Another part, I think the company has been extremely agile in passing on the cost to their customers. When we were talking to the user industries in the petrochemicals, I think we were told that I think Reliance has been extremely quick in raising the prices based on the crude oil prices. So, they have taken the advantage of lower inventory of crude, which they bought in, which came in transit, and I think took the advantage and created the higher delta for themselves. This is also getting reflected in the petrochemical or polyester chain margins that you are talking about. So, of course, we all want to see further details about whatever I have observed. But it appears to me that I think this is where we have made the difference, both in the refining segment as well as the petrochemical segments. They are trying to optimise the cost in whichever format they are operating by way of rationalising the cost structures. In past, they continued with some amount of legacy effect, but in this quarter they have discarded some of the stores and formats, and that clearly gets reflected in the profit performance. One important point I think I observed in the retail business is that somewhere around 3,500 own brands, in which I think they are operating the business, are giving them a significantly big handle in the form of getting the detailed margins. I think they can get it from the consumer company. So from that perspective, I find that the business, I think, remains absolutely strong and convincing going forward. I think the success of JioMart is largely due to the quick commerce piece that they have added. I think we would like to see, in a different format, particularly in electronics, somewhere in this quarter, that is, the third quarter of the financial year, how exactly the numbers improve. In the second quarter, the numbers are in line with whatever I think we have been expecting, but the third quarter should be relatively better in my viewpoint. As far as I think the electronics format is concerned, the margins are apparently a little better compared to others.” Reliance Industries Q2 Results LIVE Updates: JioHotstar Entertainment watch-time grows over 15% Entertainment watch-time on JioHotstar grew more than 15% year-on-year during the quarter, driven by strong performance across Hindi and regional markets. Shows such as ‘India Ke Top 1%’, ‘Khatron Ke Khiladi’, ‘Hustle Season 5’ and ‘Bhojpuri Bawaal’ contributed to JioStar’s position as India’s leading entertainment network. ‘Bigg Boss’ was launched across six languages during the quarter, with all editions collectively reaching more than 90 million viewers on JioHotstar in the first three weeks. This made it the biggest entertainment franchise on the platform. ‘Bigg Boss Bangla’ was launched for the first time, with Saurav Ganguly as its host. ‘Resort’ became the most-watched show in JioHotstar’s history, supporting the platform’s Long-Running Series (LRS) strategy. The wider LRS slate also performed well, with ‘Heart Beat S3’ and ‘Court’ delivering strong early viewership as returning and new launches, respectively. ‘Thukra Ke Mera Pyaar S2’, a key Hindi LRS, recorded an increase in performance over the previous season, reinforcing the category’s role in driving platform growth. ‘Pritam & Pedro’, directed by Rajkumar Hirani, became the most successful short-running series in JioHotstar’s history. Reliance Industries Q2 Results LIVE Updates: JioHotstar expands CTV reach JioHotstar now has near-complete reach across the connected TV (CTV) universe, with an average CTV viewer consuming three times more content than a mobile viewer. The streaming service was relaunched and rebranded as ‘JioHotstar’ in Singapore, the UK and Canada in September. Active subscriber volumes in these markets have grown by around 30% since the launch. During the quarter, JioHotstar introduced ‘Pay Kisi Aur Se’ or ‘Ask Others to Pay’, an industry-first subscription payment solution that allows users to request friends or family members to complete purchases on their behalf. The solution, which aims to address payment and demographic gaps, drove a 10% increase in incremental payment initiations. JioHotstar also extended CTV access to mobile phone plan users, allowing them to watch content on living-room devices for up to two hours every month. The move brought additional viewers to the CTV platform. Reliance Industries Q2 Results LIVE Updates: JioStar Q2 revenue rises 10.% JioStar reported revenue from operations of ₹6,806 crore in the second quarter of FY27, up 10.1% year-on-year, driven by growth in subscription revenue and digital entertainment advertising revenue. EBITDA from operations stood at ₹1,372 crore, with a margin of 22.1%. During the quarter, JioStar relaunched and rebranded its digital destination as ‘JioHotstar’ in international markets, including Singapore, the UK and Canada. TV Entertainment continued to dominate the market, with the rollout of new shows across JioStar’s Hindi and regional channels. Reliance Industries Q2 Results LIVE Updates: KGD6 produces 24 MMSCMD of gas Reliance Industries reported average KGD6 production of 24.0 million standard cubic metres per day (MMSCMD) of gas and around 15,903 barrels per day of oil and condensate during the second quarter of FY27. In the coal bed methane (CBM) business, the second phase of the multi-lateral well (MLW) campaign is underway to augment production. Drilling has been completed at 37 of the 40 wells planned under the campaign, of which 35 have been connected to the production system. The current CBM production rate stands at 1.04 MMSCMD, with new wells under production making a significant contribution. Reliance Industries Q2 Results LIVE Updates: Oil and Gas Q2 EBITDA falls 2% Reliance Industries’ oil and gas (exploration and production) segment reported a 0.6% year-on-year decline in revenue in the second quarter of FY27, mainly due to lower production and gas price realisation from KG-D6. The decline was partly offset by higher condensate prices and improved coal bed methane (CBM) gas prices and volumes. The average price realised for KG-D6 gas stood at $8.88 per million British thermal units (MMBtu) in Q2 FY27, compared with $9.97 per MMBtu in the year-ago quarter. The average price realised for CBM gas increased to $13.24 per MMBtu from $9.53 per MMBtu. EBITDA declined 2% YoY to ₹4,901 crore due to lower revenue and higher Government of India (GoI) levies. Favourable exchange-rate movements partly supported earnings. Reliance Industries Q2 Results LIVE Updates: Anant Ambani, Executive Director, Reliance Industries, on Q2 results “Our O2C business has delivered its best-ever quarterly performance amid a highly volatile and challenging global environment. It is a sound testament to our operational resilience. Our teams have exhibited excellent operational acumen along with financial astuteness. I feel honoured to be a part of this business that contributes to India’s energy stability and self-sufficiency in times of crisis. We will continue to build on our strengths, exercising operational discipline and delivering greater value.” Reliance Industries Q2 Results LIVE Updates: Jio-bp Q2 fuel sales volume rises 4.2% Reliance BP Mobility Ltd (RBML), which operates under the Jio-bp brand, runs a country-wide network of 2,304 retail outlets, supported by more than 5,900 electric vehicle (EV) charge points, 200 compressed biogas (CBG) and compressed natural gas (CNG) stations, and 184 convenience stores. During the second quarter of FY27, Jio-bp maintained fuel supplies across the country amid renewed volatility in crude oil and product prices due to the Middle East disruption. The company kept its entire network fully stocked and retailed fuel at parity with the industry, ensuring uninterrupted service to customers. It continued to offer innovative products and industry-leading loyalty programmes, which have now been extended to CNG and CBG. Jio-bp’s combined Motor Spirit (MS) and High-Speed Diesel (HSD) volumes grew 4.2% year-on-year to 1.83 million kilolitres (KL) in Q2 FY27, driven by continued momentum in petrol sales and its premium and loyalty-led retailing. Its market share increased to 5.46% in HSD and 3.86% in MS, with market effectiveness of 2.34 times and 1.72 times, respectively. RBML’s aviation business is rebuilding aviation turbine fuel (ATF) volumes after regaining key airport allocations and re-engaging major airline customers. ATF volumes stood at 36.3 thousand kilolitres (TKL) in Q2 FY27, with a market share of 1.3%. Under Jio-bp Pulse, electric vehicle charging volumes grew 60% YoY to 15.8 gigawatt-hours (GWh) in the quarter. The volumes were delivered through a fast-charging network of 5,943 charge points across more than 1,100 locations, with charger uptime of around 95%. Jio-bp Pulse now has partnerships with all major EV original equipment manufacturers (OEMs), expanding its participation across the electric mobility value chain. Under its Clean N Green initiative, Jio-bp expanded its gaseous fuels network to 200 operational CBG and CNG stations. Combined volumes increased 121% YoY to 18.1 thousand metric tonnes (TMT), supported by third-party offtake agreements. Reliance Industries Q2 Results LIVE Updates: O2C Q2 revenue jumps 44.2% to ₹2.32 lakh crore Reliance Industries’ oil-to-chemicals (O2C) segment reported a 44.2% year-on-year increase in revenue to ₹2,31,601 crore ($24.2 billion) in the second quarter of FY27, driven by higher energy prices. The Middle East conflict disrupted energy market supply chains, pushing crude oil prices up 40.6% and transportation fuel prices by 50-78% YoY. Revenue growth was also supported by a 25-35% increase in prices of most downstream chemical products. Segment EBITDA surged 67.9% YoY to ₹25,203 crore ($2.6 billion), driven by unprecedented strength in transportation fuel cracks and improved downstream chemical margins. Fuel cracks increased 3-3.7 times year-on-year, reaching historic highs during the quarter. Polyester chain margins also recovered sharply to a three-year high, led by improvements in paraxylene (PX) and purified terephthalic acid (PTA) deltas. Earnings growth was constrained by continued costs related to the Special Additional Excise Duty (SAED) and under-recoveries in the Jio-bp business. Reliance Industries Q2 Results LIVE Updates: Isha Ambani, Executive Director, Reliance Retail Ventures, on results “Our customers’ trust and continued engagement across our stores and digital platforms remain central to our growth. We are building a future-ready retail business by combining our extensive physical network with digital convenience, technology, and a deep understanding of Indian consumers. The new model, with fast-growing Digital Commerce and B2B channels is working and funded by the profits of offline business. With continued investments in sustainable, profitable growth, we are well positioned to serve customers across India with quality, value, and choice this festive season.” Reliance Industries Q2 Results LIVE Updates: Reliance Retail Fashion and Lifestyle Q2 LFL growth at 3% Reliance Retail’s Fashion and Lifestyle business reported like-for-like (LFL) revenue growth of 3% year-on-year, despite the shift of major festivals to the third quarter. Apparel and Footwear stores sustained sales without the full-price festive weeks. The business launched over 250 new options every week, reinforcing its focus on fresh fashion across stores. Own brands sustained their growth momentum, led by fresh womenswear collections and a sharper focus on evolving customer preferences. Their contribution increased by 710 basis points YoY. Digital commerce accounted for a higher share of Apparel and Footwear revenue, increasing 100 basis points year-on-year. AJIO’s catalogue grew 23% to 3.3 million options. Tira and AJIO’s beauty category strengthened the premium beauty proposition, broadening customer reach and attracting consumers seeking premium beauty and personal care brands. Premium brands also reported growth across Eyewear, Luxury Menswear, Kidswear and Footwear. Reliance’s premium and luxury portfolio crossed 1,000 exclusive brand stores. The company expanded its brand portfolio with the launch of Fabletics, a global active lifestyle brand, and signed an exclusive partnership with SKIMS, a global shapewear and lifestyle brand. AJIO Luxe added 22 brands, taking its portfolio to 1,040 brands. Reliance Industries Q2 Results LIVE Updates: Reliance Retail Consumer Electronics Business reports 8% LFL growth Reliance Retail’s consumer electronics business reported like-for-like (LFL) growth of 8% year-on-year, driven by improved product availability, competitive pricing and targeted promotions. The company is now India’s largest retailer of premium products, including mobile phones from leading brands such as Apple and Samsung. Lower margins are a strategic investment aimed at acquiring high-value customers with significant lifetime value. Omnichannel integration also expanded across Tier 2 and Tier 3 markets, improving customer experience. ResQ delivered steady growth, completing 97% of services within 48 hours. The distribution business reported 20% YoY revenue growth, led by mobiles and laptops. Reliance Industries Q2 Results LIVE Updates: JioMart Q2 revenue jumps 42% JioMart reported a 42% year-on-year increase in revenue, driven by higher average order values and a 24% rise in units per order. The business is leveraging its network of over 5,000 stores across more than 1,000 cities to deepen its reach in smaller cities and towns. Free delivery encouraged customers to build larger baskets, contributing to higher average order values. The share of digital commerce in B2C grocery revenue increased by 270 basis points YoY. The business also continued to scale quick delivery in consumer electronics while strengthening monetisation of its marketplace and seller services. Improving dark-store productivity remains a key focus, with performance tracked by cohort to drive higher order density and reduce cost per order. Reliance Industries Q2 Results LIVE Updates: Reliance Retail grocery business reports 3% LFL growth Reliance Retail’s grocery business delivered like-for-like (LFL) growth of 3% year-on-year while absorbing part of the input-cost inflation. The company strengthened regional customer engagement through festive-led in-store experiences around Jagannath Yatra, Ganesh Chaturthi and Janmashtami. Growth remained broad-based across Staples, Dairy, and Frozen and Bakery categories. The company said margin recovery is expected to come from improved space productivity, optimised assortment, a focused vendor base and joint business planning with brands. B2B revenue grew 10% YoY, supported by higher transaction volumes and average bill value. Beverages, Dairy, Frozen and Bakery, and Staples led the growth. Targeted campaigns, including ‘METRO Ka Vaada, Fayda Sabse Zyada’ and ‘Mehangai Se Azaadi, Bachat Ki Azaadi, Vyapar Ki Tarakki’, also strengthened customer engagement. Reliance Industries Q2 Results LIVE Updates: Reliance Retail Q2 store count at 19,947 Reliance Retail opened 303 stores during the second quarter. After accounting for the closure of unproductive stores, the net reduction was 222, taking the total store count to 19,947. The company’s retail area stood at 77.5 million square feet. The business recorded 7% year-on-year growth in transactions during the quarter, despite major festivals shifting to the third quarter, indicating continued customer engagement and growth. Reliance Industries Q2 Results LIVE Updates: Reliance Retail Q2 revenue up 6.4% to ₹91,716 crore Reliance Retail Ventures Ltd (RRVL) reported gross revenue of ₹91,716 crore for the second quarter, up 6.4% year-on-year, adjusted for the demerger of its Consumer Brands business. The business performance was impacted by the shift in the festive calendar to the third quarter. EBITDA, before the one-time impairment charge, declined 8.6% YoY to ₹6,228 crore. The EBITDA margin stood at 7.8%, down 120 basis points, due to the planned investment phase in digital commerce, input-cost inflation absorbed for customers and the festive calendar shift. Depreciation increased 18.1% YoY to ₹1,820 crore, driven by growth in the asset base. Finance costs rose 53.9% to ₹905 crore due to increased borrowings and higher interest rates. Reliance Industries Q2 Results LIVE Updates: Mukesh D Ambani, Chairman and Managing Director, on results “This week marked a historic moment in Reliance’s value creation journey with Jio’s record-setting listing on Indian bourses. With over 22x subscription and strong listing appreciation, the issue has set multiple global benchmarks. JPL is now India’s second-largest company. It demonstrates the depth of confidence investors place in Jio’s solid foundation and strong growth visibility. I am proud to witness the rejuvenation of “the equity cult” originally pioneered by our founder-chairman during the 1977Reliance IPO. During 2Q FY27, our businesses delivered a strong performance despite a complex operating environment. Commodity markets remained volatile while geopolitical tensions continued to weigh on global supply chains. Against this backdrop, the domestic orientation of our portfolio, combined with operational discipline and versatility of our integrated businesses, helped Reliance navigate external volatility effectively. Our O2C business delivered a particularly strong performance this quarter, led by tight fuel markets, improved downstream petrochemical deltas and firm domestic demand. Our ability to optimise feedstock sourcing and product placement along with operations across the value chain enabled us to improve margin capture. This performance underscores the strength and resilience of our O2C business. The Digital Services business continued its robust growth this quarter. Jio’s performance across mobility, home broadband and enterprise was strong, with healthy growth in earnings. Jio has built a proprietary technology stack and a growing portfolio of digital services, platforms and enterprise offerings that extend well beyond connectivity. The Jio IPO is a defining milestone. The faith placed in us by millions of our investors reinforces our commitment to building indigenous, world-class deep-tech solutions to deliver sustained value to customers and shareholders Reliance Retail had a steady quarter, with growth sustained across all formats and channels. Consumer demand stayed healthy, supported by our extensive physical and digital presence and our continued focus on serving the diverse needs of Indian consumers. Our consumer products business kept its growth momentum, with the FMCG brand portfolio gaining further ground among Indian consumers. Our disciplined capital allocation has helped create businesses that provide sustainable cash-flows and will remain significant contributors to India’s energy independence and technology evolution.” Reliance Industries Q2 Results LIVE Updates: Consolidated profit jumps 34% Reliance Industries Ltd reported a 33.8% year-on-year increase in consolidated profit after tax (PAT), including its share of profit or loss from associates and joint ventures, to ₹29,550 crore ($3.1 billion) for the quarter ended September 30, 2026. Depreciation increased 6.2% YoY to ₹15,315 crore ($1.6 billion), largely due to higher depreciation in the digital services business following the capitalisation of 5G assets. Finance costs rose 24.2% to ₹8,481 crore ($885 million), mainly due to higher liability balances and the capitalisation of 5G assets. Tax expenses increased 34.2% YoY to ₹9,363 crore ($977 million). Capital expenditure (capex) for the quarter stood at ₹38,153 crore ($4 billion). The spending was largely driven by investments in O2C and new energy projects under implementation, along with the building and expansion of infrastructure and distribution reach for the consumer businesses. Reliance Industries Q2 Results LIVE Updates: EBITDA rises 23.9% to ₹62,409 crore Reliance Industries Ltd reported a 23.9% year-on-year increase in consolidated EBITDA to ₹62,409 crore ($6.5 billion) for the quarter ended September 30, 2026. Jio Platforms Ltd’s EBITDA increased 16.6% YoY, supported by revenue growth and a 250-basis-point expansion in margins. Reliance Retail Ventures Ltd (RRVL), however, reported an 8.6% decline in EBITDA to ₹6,228 crore. Its EBITDA margin fell 120 basis points YoY to 7.8%, reflecting planned investments in digital commerce, input-cost inflation absorbed for customers and the shift in the festive calendar to the third quarter. The oil-to-chemicals (O2C) segment reported a 67.9% increase in EBITDA, driven by a sharp rise in transportation fuel cracks and downstream petrochemical margins. Fuel cracks increased 3-3.7 times amid a tight global refining environment. Polyester chain margins improved 33%, led by a 15% increase in the paraxylene (PX) delta and a 52% rise in the purified terephthalic acid (PTA) delta. O2C earnings were constrained by higher crude oil premiums, elevated freight rates, costs related to the Special Additional Excise Duty (SAED) and under-recoveries in domestic fuel retail. The oil and gas segment’s EBITDA declined 2% YoY due to lower KG-D6 gas revenue and higher government of India levies. This was partly offset by favourable exchange-rate movements. Reliance Industries Q2 Results LIVE Updates: Revenue jumps 27.8% to ₹3.62 lakh crore on O2C growth Reliance Industries Ltd reported a 27.8% year-on-year increase in consolidated gross revenue to ₹3,62,268 crore ($37.8 billion) for the quarter ended September 30, 2026. Jio Platforms Ltd’s revenue grew 11.3% YoY, driven by continued subscriber additions, higher average revenue per user (ARPU) and healthy growth in digital services. Reliance Retail Ventures Ltd (RRVL) reported a 6.4% increase in revenue to ₹91,716 crore, with its performance impacted by the shift in the festive calendar to the third quarter. The oil-to-chemicals (O2C) segment recorded a 44.2% rise in revenue, led by a sharp increase in crude oil and product prices. Crude prices rose 40.6% during the quarter, while transportation fuel prices increased 50-78% YoY. Prices of most downstream chemical products were up 25-35% year-on-year, driven by higher feedstock prices. Revenue from the oil and gas segment remained stable year-on-year. Lower KGD6 gas production and price realisation were offset by higher condensate price realisation. Improved volumes and price realisation for coal bed methane (CBM) also supported revenue. Reliance Industries Q2 Results LIVE Updates: Reliance Industries O2C Q2 EBITDA jumps 67.9% Reliance Industries’ oil-to-chemicals (O2C) business reported revenue of ₹2.32 lakh crore in the second quarter, up 44.2% year-on-year, driven by higher crude oil and product prices. O2C EBITDA surged 67.9% YoY to an all-time high of ₹25,203 crore. Transportation fuel cracks rose 3–3.7 times year-on-year, reaching historic highs. The polyester chain margin touched a three-year high, led by an increase of 15% in paraxylene (PX) and 52% in purified terephthalic acid (PTA) deltas. Reliance Industries Q2 Results LIVE Updates: Reliance Retail Q2 gross revenue rises 6.4% Reliance Retail reported gross revenue of ₹91,716 crore for the second quarter, up 6.4% year-on-year. The retail business performance was impacted by the shift in the festive calendar to the third quarter. Retail EBITDA, before the one-time impairment charge, stood at ₹6,228 crore, with an EBITDA margin of 7.8%. Reliance Industries Q2 Results LIVE Updates: Consolidated EBITDA margin expands to 18.8% QoQ Reliance Industries Ltd reported a consolidated EBITDA margin of 18.8% for the second quarter, compared with 17.3% in the previous quarter and 19.5% in the year-ago period. Reliance Industries Q2 Results LIVE Updates: Consolidated revenue rises 27.8% Reliance Industries Ltd (RIL) reported consolidated revenue of ₹3.62 lakh crore for the second quarter, compared with ₹3.40 lakh crore in the previous quarter and ₹2.84 lakh crore in the year-ago period. The company delivered its strongest-ever quarterly performance, with consolidated revenue rising 27.8% YoY to ₹3.62 lakh crore, its highest-ever quarterly revenue. Reliance Industries Q2 Results LIVE Updates: Consolidated profit rises to ₹29,550 Crore Reliance Industries Ltd reported consolidated net profit of ₹29,550 crore for the second quarter, compared with ₹23,196 crore in the previous quarter and ₹22,092 crore in the year-ago period.
Reliance Industries Q2 Results Highlights: Net profit jumps 34% on refining, digital gains; revenue hits record Reliance Industries Q2 Results Highlights: The Oil and Gas business reported revenue of ₹6,020 crore, compared with ₹6,298 crore in the previous quarter and ₹6,058 crore in the year-ago period. EBITDA stood at ₹4,901 crore, against ₹4,973 crore sequentially and ₹5,002 crore year-on-year. EBITDA margin was 81.4%, compared with 79% in the previous quarter and 82.6% in the corresponding quarter las Consolidated revenue rose to ₹3.62 lakh crore from ₹3.40 lakh crore sequentially and ₹2.84 lakh crore year-on-year, marking the company's highest-ever quarterly revenue and its strongest-ever quarterly performance. Consolidated EBITDA margin stood at 18.8%, compared with 17.3% in the previous quarter and 19.5% in the corresponding quarter last year. Reliance Industries' Oil-to-Chemicals (O2C) business reported revenue of ₹2.32 lakh crore, compared with ₹2.02 lakh crore in the previous quarter and ₹1.61 lakh crore in the year-ago period. EBITDA rose to ₹25,203 crore from ₹17,010 crore sequentially and ₹15,008 crore year-on-year. EBITDA margin improved to 10.9% from 8.4% in the previous quarter and 9.3% a year earlier. The Oil and Gas business reported revenue of ₹6,020 crore, compared with ₹6,298 crore in the previous quarter and ₹6,058 crore in the year-ago period. EBITDA stood at ₹4,901 crore, against ₹4,973 crore sequentially and ₹5,002 crore year-on-year. EBITDA margin was 81.4%, compared with 79% in the previous quarter and 82.6% in the corresponding quarter last year. Watch this space for all the highlights on Reliance Industries' Q2 results. Thank you for joining our coverage of Reliance Industries Q2 Results We will now wrap up the blog. Good night, folks! Reliance Industries Q2 Results LIVE Updates: Reliance Retail Q2 Results: Gross revenue grows 6.4% Reliance Retail Ventures (RRVL), the retail arm of Reliance Industries, reported a 6.4% year-on-year (YoY) increase in gross revenue to ₹91,716 crore in the September quarter, adjusted for the demerger of its Consumer Brands business. The company’s performance was impacted by the shift in the festive calendar to the December quarter. Read more here. Reliance Industries Q2 Results LIVE Updates: Jio Platforms Q2 profit jumps nearly 14%, broadband base crosses 30 million Two days after its blockbuster stock market debut, Jio Platforms reported a net profit of ₹8,389 crore in the second quarter of FY27, up 13.7% from ₹7,379 crore in the corresponding period last year. Gross revenue for the quarter stood at ₹47,485 crore, up 11.3% from ₹42,652 crore in the year-ago period and 3.3% from ₹45,961 crore in the previous quarter. Read more here Reliance Industries Q2 Results LIVE Updates: Reliance oil-to-chemicals profitability hits an all-time high Reliance Industries (RIL) reported a record quarterly operating performance for its core oil-to-chemicals (O2C) business in the second quarter ended September 30, with segment EBITDA surging 67.9% year-on-year to an all-time high of ₹25,203 crore. Read more here Reliance Industries Q2 Results LIVE Updates: Piyush Pandey, Research Analyst at Centrum Broking, on Jio Platforms Q2 results “I would say Jio Platforms’ earnings are a broadly steady set of numbers. Revenue growth was primarily driven by higher customer additions and an increase in ARPU on a sequential basis. Overall, these look like in-line numbers. So, we are building in revenue growth of close to 12%, EBITDA growth of around 13% and PAT growth of around 14-15% for the current financial year. In terms of EPS, I would say it will closely follow the PAT number. So, broadly, I would say we can expect 15% EPS growth for the full year, but it depends on the timing of the next tariff increase.” Reliance Industries Q2 Results LIVE Updates: Deven Choksey, Managing Director of Drchoksey Finserv, on results “I think indeed the Reliance Industries numbers are pretty handsome numbers. Frankly, I think I do recollect one of the interactions on the channel wherein I categorically stated that this quarter is possibly the best quarter that one has ever seen as far as the CRACKS margins are concerned, and particularly the diesel margins are concerned, because diesel exports to the European countries by Reliance have, actually, I think, worked in their favour significantly, as it looks like. Of course, I need to see a lot of details before I make a qualified statement. But from the numbers that we had calculated and anticipated, I think this is clearly established. Another part, I think the company has been extremely agile in passing on the cost to their customers. When we were talking to the user industries in the petrochemicals, I think we were told that I think Reliance has been extremely quick in raising the prices based on the crude oil prices. So, they have taken the advantage of lower inventory of crude, which they bought in, which came in transit, and I think took the advantage and created the higher delta for themselves. This is also getting reflected in the petrochemical or polyester chain margins that you are talking about. So, of course, we all want to see further details about whatever I have observed. But it appears to me that I think this is where we have made the difference, both in the refining segment as well as the petrochemical segments. They are trying to optimise the cost in whichever format they are operating by way of rationalising the cost structures. In past, they continued with some amount of legacy effect, but in this quarter they have discarded some of the stores and formats, and that clearly gets reflected in the profit performance. One important point I think I observed in the retail business is that somewhere around 3,500 own brands, in which I think they are operating the business, are giving them a significantly big handle in the form of getting the detailed margins. I think they can get it from the consumer company. So from that perspective, I find that the business, I think, remains absolutely strong and convincing going forward. I think the success of JioMart is largely due to the quick commerce piece that they have added. I think we would like to see, in a different format, particularly in electronics, somewhere in this quarter, that is, the third quarter of the financial year, how exactly the numbers improve. In the second quarter, the numbers are in line with whatever I think we have been expecting, but the third quarter should be relatively better in my viewpoint. As far as I think the electronics format is concerned, the margins are apparently a little better compared to others.” Reliance Industries Q2 Results LIVE Updates: JioHotstar Entertainment watch-time grows over 15% Entertainment watch-time on JioHotstar grew more than 15% year-on-year during the quarter, driven by strong performance across Hindi and regional markets. Shows such as ‘India Ke Top 1%’, ‘Khatron Ke Khiladi’, ‘Hustle Season 5’ and ‘Bhojpuri Bawaal’ contributed to JioStar’s position as India’s leading entertainment network. ‘Bigg Boss’ was launched across six languages during the quarter, with all editions collectively reaching more than 90 million viewers on JioHotstar in the first three weeks. This made it the biggest entertainment franchise on the platform. ‘Bigg Boss Bangla’ was launched for the first time, with Saurav Ganguly as its host. ‘Resort’ became the most-watched show in JioHotstar’s history, supporting the platform’s Long-Running Series (LRS) strategy. The wider LRS slate also performed well, with ‘Heart Beat S3’ and ‘Court’ delivering strong early viewership as returning and new launches, respectively. ‘Thukra Ke Mera Pyaar S2’, a key Hindi LRS, recorded an increase in performance over the previous season, reinforcing the category’s role in driving platform growth. ‘Pritam & Pedro’, directed by Rajkumar Hirani, became the most successful short-running series in JioHotstar’s history. Reliance Industries Q2 Results LIVE Updates: JioHotstar expands CTV reach JioHotstar now has near-complete reach across the connected TV (CTV) universe, with an average CTV viewer consuming three times more content than a mobile viewer. The streaming service was relaunched and rebranded as ‘JioHotstar’ in Singapore, the UK and Canada in September. Active subscriber volumes in these markets have grown by around 30% since the launch. During the quarter, JioHotstar introduced ‘Pay Kisi Aur Se’ or ‘Ask Others to Pay’, an industry-first subscription payment solution that allows users to request friends or family members to complete purchases on their behalf. The solution, which aims to address payment and demographic gaps, drove a 10% increase in incremental payment initiations. JioHotstar also extended CTV access to mobile phone plan users, allowing them to watch content on living-room devices for up to two hours every month. The move brought additional viewers to the CTV platform. Reliance Industries Q2 Results LIVE Updates: JioStar Q2 revenue rises 10.% JioStar reported revenue from operations of ₹6,806 crore in the second quarter of FY27, up 10.1% year-on-year, driven by growth in subscription revenue and digital entertainment advertising revenue. EBITDA from operations stood at ₹1,372 crore, with a margin of 22.1%. During the quarter, JioStar relaunched and rebranded its digital destination as ‘JioHotstar’ in international markets, including Singapore, the UK and Canada. TV Entertainment continued to dominate the market, with the rollout of new shows across JioStar’s Hindi and regional channels. Reliance Industries Q2 Results LIVE Updates: KGD6 produces 24 MMSCMD of gas Reliance Industries reported average KGD6 production of 24.0 million standard cubic metres per day (MMSCMD) of gas and around 15,903 barrels per day of oil and condensate during the second quarter of FY27. In the coal bed methane (CBM) business, the second phase of the multi-lateral well (MLW) campaign is underway to augment production. Drilling has been completed at 37 of the 40 wells planned under the campaign, of which 35 have been connected to the production system. The current CBM production rate stands at 1.04 MMSCMD, with new wells under production making a significant contribution. Reliance Industries Q2 Results LIVE Updates: Oil and Gas Q2 EBITDA falls 2% Reliance Industries’ oil and gas (exploration and production) segment reported a 0.6% year-on-year decline in revenue in the second quarter of FY27, mainly due to lower production and gas price realisation from KG-D6. The decline was partly offset by higher condensate prices and improved coal bed methane (CBM) gas prices and volumes. The average price realised for KG-D6 gas stood at $8.88 per million British thermal units (MMBtu) in Q2 FY27, compared with $9.97 per MMBtu in the year-ago quarter. The average price realised for CBM gas increased to $13.24 per MMBtu from $9.53 per MMBtu. EBITDA declined 2% YoY to ₹4,901 crore due to lower revenue and higher Government of India (GoI) levies. Favourable exchange-rate movements partly supported earnings. Reliance Industries Q2 Results LIVE Updates: Anant Ambani, Executive Director, Reliance Industries, on Q2 results “Our O2C business has delivered its best-ever quarterly performance amid a highly volatile and challenging global environment. It is a sound testament to our operational resilience. Our teams have exhibited excellent operational acumen along with financial astuteness. I feel honoured to be a part of this business that contributes to India’s energy stability and self-sufficiency in times of crisis. We will continue to build on our strengths, exercising operational discipline and delivering greater value.” Reliance Industries Q2 Results LIVE Updates: Jio-bp Q2 fuel sales volume rises 4.2% Reliance BP Mobility Ltd (RBML), which operates under the Jio-bp brand, runs a country-wide network of 2,304 retail outlets, supported by more than 5,900 electric vehic
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