Reliance Industries Q2 Results 2026 Live: RIL Q2 profit jumps 41% YoY to Rs 25,548 crore; co posts highest-ever quarterly revenue; Jio ARPU rises to Rs 218.8

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Business News›Markets›Stocks›Live Blog›Reliance Industries Q2 Results 2026 Live: RIL Q2 profit jumps 41% YoY to Rs 25,548 crore; co posts highest-ever quarterly revenue; Jio ARPU rises to Rs 218.8 LIVE BLOG Reliance Industries Q2 Results Live Update Synopsis RIL & Jio Platforms Q2 Results Live: Mukesh Ambani-led Reliance Industries reported a 41% YoY rise in consolidated net profit, with revenue from operations climbing 29% to Rs 3.32 lakh crore, its highest-ever quarterly revenue. Meanwhile, Jio Platforms posted a 14% rise in net profit, while revenue grew 11%. Mukesh Ambani-led Reliance Industries reported its highest-ever quarterly revenue in Q2 FY27, with revenue from operations rising 29% year-on-year to Rs 3.32 lakh crore. Consolidated net profit grew 41% to Rs 25,548 crore, supported by strong growth in its oil-to-chemicals and Jio businesses. Reliance Industries Q2 Results: Profit shoots up 41% YoY to Rs 25,548 crore, revenue up 29% Reliance Retail Q2 Results: Net profit falls 24% YoY to Rs 2,611 crore; gross revenue rises 6% Jio Platforms reported a 14% year-on-year rise in consolidated net profit to Rs 8,389 crore in its maiden quarterly results since listing. Revenue from operations grew 11% to Rs 40,475 crore, while EBITDA rose 16.6%. ARPU increased to Rs 218.8, with the company crossing 542 million subscribers. Jio Platforms Q2 Results: Profit rises 14% YoY to Rs 8,389 crore; revenue up 11% Show more 1 New Update - 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. - Jio Platforms showcased Jio Call Agent at India Mobile Congress 2026, an AI-powered feature that can transcribe and summarise calls for all participants and act as a concierge. - The feature can be activated during an ongoing call without downloading an app or adding a number. - Jio also unveiled JioFrames, AI-native smart camera frames featuring a built-in camera, 'Hello Jio' voice assistance, hands-free calling, live translation across 12 languages and UPI payment capabilities. - 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 feedstocksourcing and product placement, along with operations across the value chain, enabled us to improvemargin capture. - This performance underscores the strength and resilience of our O2C business. Reliance Industries' capital expenditure stood at Rs 38,153 crore in Q2 FY27, largely driven by investments in O2C and New Energy projects, along with the expansion of infrastructure and distribution networks across its consumer businesses. Reliance Retail on Friday reported a 24.3% year-on-year (YoY) decline in profit after tax (PAT) to Rs 2,611 crore for the September quarter, compared with Rs 3,451 crore in the corresponding quarter of the previous financial year (Q2FY26). Read more - Reliance Industries reported its highest-ever quarterly revenue of Rs 3,62,268 crore in Q2 FY27, up 27.8% year-on-year. - EBITDA also touched a record high of Rs 62,409 crore, rising 23.9% YoY. - Quarterly PAT hit a new high, while first-half FY27 PAT crossed the Rs 50,000 crore mark. Reliance Industries (RIL) on Friday announced plans to raise up to Rs 15,000 crore through non-convertible debentures (NCDs). The announcement came alongside the company's financial results for the second quarter of FY27 (Q2FY27), in which it reported a 41% year-on-year (YoY) increase in consolidated net profit to Rs 25,548 crore for the September quarter. Read more JioStar reported revenue from operations of Rs 6,806 crore in Q2 FY27, up 10.1% year-on-year despite a weak advertising environment. EBITDA stood at Rs 1,372 crore, with a margin of 22.1%. JioHotstar averaged around 440 million monthly active users (MAUs) during the quarter, registering 10% YoY growth. The platform also expanded internationally, launching in Singapore, the UK and Canada. Meanwhile, all six editions of 'Bigg Boss' collectively reached over 90 million viewers on JioHotstar in just the first three weeks of the season. Reliance Industries' oil and gas segment reported quarterly revenue of Rs 6,020 crore, marginally down 0.6% year-on-year. EBITDA declined 2% to Rs 4,901 crore. - Our O2C business hasdelivered 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 operationalacumen along with financial astuteness. - I feel honoured to be a part of this business that contributes toIndia'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' Oil-to-Chemicals (O2C) segment reported quarterly revenue of Rs 2,31,601 crore, up 44.2% year-on-year. - EBITDA surged 67.9% to Rs 25,203 crore, marking a record quarterly performance. - 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. 303 stores opened during the quarter with net reduction of 222 stores after accounting for closure of unproductive stores; total store count at 19,947 and area at 77.5 million sq.ft. The business achieved 7% Y-o-Y growth in transactions in a quarter even with major festivals shift to Q3, indicating strong customer engagement and continued growth. Reliance Retail reported quarterly revenue of Rs 91,716 crore, up 6.4% year-on-year. EBITDA stood at Rs 6,228 crore, with an EBITDA margin of 7.8%. RIL's consolidated EBITDA rises 23.9% YoY to Rs 62,409 crore in Q2 FY27, supported by strong growth in its O2C and Jio businesses. - Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries Limited Reliance Industries' revenue from operations rose 29% year-on-year to Rs 3.32 lakh crore in the September quarter, supported by strong growth in its oil-to-chemicals and Jio businesses. Mukesh Ambani-led RIL reported a consolidated net profit of Rs 25,548 crore for the September quarter, compared with Rs 18,165 crore in the year-ago period. - Jio Platforms crossed two major milestones during the quarter, with its 5G mobility subscriber base surpassing 300 million and its fixed broadband subscriber base crossing 30 million. - Its total subscriber base exceeded 542 million, with trailing 12-month net additions of 36 million. (Source: Jio Platforms Press Release) - ARPU increased further to Rs 218.8, with promotional schemes for fixed broadband customers offsetting the benefits of a better subscriber mix and increased usage. - Per capita data consumption stood at 44.2 GB per month, while total data traffic grew 22.1% YoY during Q2 FY27. - Monthly churn remained stable at 1.6%, with net subscriber additions of 9.1 million during the quarter. - Mr. Akash M Ambani, Managing Director of Jio Platforms Limited EBITDA increased 16.6% year-on-year, driven by revenue growth, operating leverage and a 250 bps expansion in margins. In its maiden results following a healthy listing earlier in the week, Jio Platforms on Friday reported 14% growth in consolidated net profit to Rs 8,389 crore on the back of healthy subscriber additions, growth in digital services business and marginal increase in average revenue per user (ARPU). Read more - Cons net profit rises 14% YoY to Rs 8,389 crore - Revenue from operations up 11% YoY to Rs 40,475 crore Emkay Global expects Jio's revenue to rise 10.5% year-on-year and 2.8% sequentially in Q2 FY27. The brokerage also estimates a 20-basis-point quarter-on-quarter expansion in both EBITDA and EBIT margins, pointing to continued improvement in operating performance. Reliance Industries shares have seen a mixed reaction to their past five quarterly results, falling on three occasions and rising twice. The stock's biggest gain was 2.59% on July 17, 2026, while its sharpest decline was 1.15% on April 24, 2026. Nuvama expects Reliance Industries (RIL) to report a stronger-than-anticipated 17% year-on-year growth in EBITDA for Q2FY27, driven by an expansion in middle distillate crack spreads. The brokerage estimates O2C EBITDA to rise 38% YoY, while the digital business is expected to grow 16%. These gains are likely to be partly offset by a 6% decline in oil and gas EBITDA and a 1% fall in retail EBITDA, which faces a higher base. Nomura estimates Jio Platforms' EBITDA at Rs 22,100 crore in Q2FY27, marking a 4% sequential increase. The brokerage attributes the growth to an addition of 8 million subscribers, taking the end-of-quarter subscriber base to 541 million, and a higher ARPU of Rs 219 per month, compared with Rs 215.6 in Q1FY27. Reliance Retail may continue to report soft numbers. The brokerage estimate retail revenue of Rs 856 billion, up 8% YoY, and EBITDA of Rs 68 billion (flat YoY). Reliance Retail may continue to report soft numbers; we estimate retail revenue of Rs 856 billion, up 8% YoY, and EBITDA of Rs 68 billion (flat YoY). Jio shares settled at Rs 1,431.20 apiece on the BSE, up 0.57% from the previous closing. Jio Platforms on Friday will announce its first quarterly earnings post a much-awaited D-Street debut earlier this month. Jio Platforms could report net income of Rs 7,610 crore for the September quarter, according to Nomura's estimates. This would represent an 18% year-on-year increase. Investors will assess whether subscriber growth and improved monetisation translate into stronger profitability. Nomura expects Jio to add around 80 lakh subscribers during the quarter, taking its customer base to 54.13 crore from 53.33 crore in June. Emkay projects even stronger additions of approximately one crore subscribers, making customer growth a key metric to watch. Emkay expects both EBITDA and EBIT margins to expand by 20 basis points sequentially. The brokerage also sees revenue growth of 10.5% year-on-year and 2.8% over the previous quarter. Nomura expects EBITDA to rise 17% year-on-year, with operating margins improving 30 basis points sequentially to 54.6%. Lower production volumes could pull RIL’s upstream EBITDA down 6–7% year-on-year, according to brokerages. Stronger refining earnings and steady digital growth may offset the weakness. Retail biz may face margin pressureReliance Retail is expected to deliver relatively subdued earnings despite revenue growth. Kotak estimates retail revenue will increase 11.7% YoY, while EBITDA could decline 0.8% compared with the corresponding quarter last year. Sequentially, the brokerage expects retail EBITDA to improve 7.2%. Mukesh Ambani-led Reliance Industries (RIL) is expected to report strong earnings growth for the September quarter, with brokerages forecasting a 15-17% year-on-year (YoY) increase in consolidated EBITDA, driven by a sharp recovery in its oil-to-chemicals (O2C) business. Strong refining margins, higher throughput and a weaker rupee are expected to offset subdued performance in retail and oil and gas operations. (Read) Jio’s IPO announcement sparked buying interest in Reliance Industries shares, but the stock faced resistance above Rs 1,200, according to Vatsal Bhuva of LKP Securities. He identified Rs 1,130 as a crucial demand zone and Rs 1,230 as the breakout level needed to confirm a potential bottom formation. Reliance Industries shares delivered a mixed performance on the past five quarterly results days, declining three times and advancing twice. The stock posted its strongest gain of 2.59% on July 17, 2026, while its steepest fall of 1.15% occurred on April 24, 2026. Emkay Global expects Jio's revenue to increase 10.5% year-on-year and 2.8% sequentially in Q2 FY27. The brokerage also projects a 20-basis-point quarter-on-quarter improvement in both EBITDA and EBIT margins, indicating expectations of steady operational growth. Nomura expects Jio Platforms to report revenue of Rs 40,400 crore in Q2 FY27, reflecting growth of 11% year-on-year and 3% sequentially. Healthy subscriber additions and improving average revenue per user are expected to support the company's top-line performance. Nomura expects Jio's average revenue per user to increase to Rs 219 per month from Rs 215.6 in the June quarter. Emkay forecasts a 1% sequential improvement. Higher data consumption, premium service adoption and subscriber additions could support further monetisation. When billionaire Mukesh Ambani-led conglomerate Reliance Industries Ltd (RIL) announces its Q2 results post-market hours today, analysts expect the legacy oil-to-chemicals business to deliver the sharpest profit recovery, while the consumer businesses that underpin the group’s future remain uneven. Read more Mukesh Ambani-led Jio Platforms is set to announce its first quarterly results as a listed company on October 30, just two days after its market debut. Investors will closely track the September-quarter performance to assess whether earnings growth can support the company's elevated market valuation. Price as on 03.16.57 PM, Click on company names for their live prices. - Reliance Industries (RIL) shares have declined around 26% in 2026, significantly underperforming the Nifty 50, which has fallen more than 12%. - Ahead of the company’s September-quarter results on Friday, October 30, investors will focus on the performance of its refining, telecom and retail businesses. - Read more RIL is expected to report a strong improvement in September-quarter earnings, with brokerages projecting consolidated EBITDA growth of 15-17% year-on-year. A recovery in the oil-to-chemicals (O2C) business is likely to be the biggest contributor, supported by stronger refining margins and higher throughput. Investors will focus on the extent of the O2C recovery, refinery throughput and the sustainability of stronger refining margins. Jio Platforms' earnings and profitability trends at Reliance Retail will also be important, particularly as the conglomerate reports its September quarter performance on October 30. Reliance Industries' September-quarter results come shortly after Jio Platforms' stock market debut. Investors are expected to assess the performance of the refining business alongside Jio's earnings growth and the margin trajectory of Reliance Retail. While stronger refining margins are expected to lift Reliance Industries' O2C earnings, weaker petrochemical prices could limit the overall improvement. Elevated freight costs may also partially offset the benefits of higher refinery throughput and stable ethane prices, according to brokerage estimates. Favourable currency movements and Reliance Industries' US ethane-based petrochemical operations are expected to provide additional support to its O2C business. Kotak Equities also expects the absence of a windfall tax impact on the special economic zone refinery to improve the segment's profitability. Reliance Industries could benefit from a recovery in refinery operations after a planned maintenance shutdown affected output in the June quarter. Nomura expects refinery throughput to rise 16% sequentially to 20.9 million tonnes, supporting a stronger contribution from the O2C segment. Improved refining margins are expected to support Reliance Industries' September-quarter earnings. Nuvama noted that gasoil and aviation turbine fuel refining cracks reached record levels during the quarter, helped by supply disruptions and restricted exports from China. Reliance Industries' O2C business is expected to lead earnings growth in the September quarter. Kotak Equities estimates a 47% year-on-year rise in O2C EBITDA, aided by stronger refinery performance, favourable currency movements and contributions from its US ethane-based petrochemical operations.