The Consolidated net profit attributable to the owners of Reliance Industries Ltd. (RIL) grew marginally in the third quarter ended 31 December 2025 to ₹18,645 crore from ₹18,540 crore a year ago owing to the impact from upstream and retail businesses.
The company posted consolidated revenues at ₹293,829 crore, up 10% Year on Year (YoY), supported by strong revenue growth across businesses.
Mukesh D. Ambani, CMD, RIL said, “The performance reflects consistent financial delivery and operational resilience across businesses.”
“Robust growth in O2C business was led by significantly higher fuel margins with favorable demand-supply dynamics, along with operational flexibility. I am happy to highlight the strong growth in our fuel retailing business, with continuing expansion of the Jio-bp network. Upstream segment EBITDA was impacted by lower volumes and prices,” he said.
“Reliance is entering a new phase of value creation with its initiatives in the AI and New Energy domains. I am confident that Reliance will play a pioneering role in the evolution of these epoch-defining technologies, providing sustainable solutions at scale for India and the world,” he added.
RIL’s consolidated net debt as of 31 December 2025 was marginally down at ₹1,17,102 crore as against ₹118,545 crore on 30th September 2025.
Digital Services revenue under Jio Platforms Ltd. at ₹43,683 crore grew 12.7% YoY, with accelerated subscriber addition. Jio’s net profit for the quarter grew 11.2% YoY to ₹7,629 crore.
Jio’s net subscriber addition stood at 8.9 million during the quarter and its total subscriber base reached 515.3 million as of December 2025.
Reliance Retail Ventures Ltd. delivered revenue of ₹97,605 crore, up 8.1% YoY.
But the net profit of this business grew only 2.7% YoY to ₹3,551 crore. The company said growth was impacted due to GST rationalisation, festive demand split between Q2 and Q3 and demerger of the consumer products business.
The company’s Oil to Chemicals (O2C) segment revenue for the quarter was up 8.4% YoY to ₹162,095 crore. Production meant for sale increased by 1.7% on a YoY basis.
The O2C segment EBITDA increased by 14.6% YoY to ₹16,507 crore due to sharp increase in transportation fuel cracks and higher Sulphur realisation partially offset by weakness in downstream chemical margins and higher feedstock freight rates.
The Oil & Gas segment revenue for the quarter was lower by 8.4% YoY at ₹5,833 crore mainly on account of lower volumes and price realisation for KGD6 gas and condensate.
| Photo Credit:
FRANCIS MASCARENHAS
Favourable ethane cracking economics and domestic market placements continued to support profitability.
The Oil & Gas segment revenue for the quarter was lower by 8.4% YoY at ₹5,833 crore mainly on account of lower volumes and price realisation for KGD6 gas and condensate. This segment’s quarterly EBITDA declined by 12.7% YoY to ₹4,857 crore following lower revenues and higher operating cost due to maintenance activities.
JioStar reported revenues of ₹8,010 crore with EBITDA (including other income) of ₹1,303 crore.
Published – January 16, 2026 09:15 pm IST
