3 min readMumbaiUpdated: Jul 17, 2026 10:06 PM IST
Reliance Industries Ltd’s (RIL) consolidated net profit for April-June declined on a year-on-year (y-o-y) basis as an exceptional gain in the year-ago quarter led to a high base effect. Without considering last year’s exceptional gain of Rs 8,924 crore from its stake sale in Asian Paints, the conglomerate’s profit as well as the operating profit rose on a y-o-y basis.
RIL’s consolidated net profit (attributable to the owners) declined 22.4% to Rs 20,946 crore in the June quarter, while its earnings before interest, tax, depreciation and amortisation (EBITDA) rose 10.1% to a record Rs 54,067 crore, as per the company.
The company’s consolidated revenue crossed the Rs 3 lakh crore mark to Rs 340,257 crore, up 24.5% from Rs 273,252 crore in the same period a year ago.
RIL’s digital arm Jio Platforms made a net profit of Rs 7,764 crore during the June quarter of FY27 as against Rs 7,110 crore a year ago, showing a growth of 9.2%.
Jio extended its leadership in 5G subscriber base with 285 million users as of June 2026, up 73 million over the last 12 months.
However, the net profit of Reliance Retail Ventures Ltd declined by 14.2% to Rs 2,806 crore in the June quarter from Rs 3,271 crore a year ago.
RIL shares rose by 2.59% to Rs 1326.50 on the BSE on Friday. The share is down from the 52-week high of Rs 1,611.
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RIL Chairman and MD Mukesh Ambani said Reliance has made a steady start to FY27, with all businesses delivering strong operating performance.
“Our diverse business portfolio has once again demonstrated its resilience in a quarter which witnessed continuing geopolitical tensions and volatile commodity markets,” he said.
“The 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% year-on-year,” Ambani said.
JPL’s total fixed broadband subscribers as of June 2026 stood at 28.6 million with 8.6 million additions over the last 12 months, giving Jio a market share of over 43%.
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Jio AirFiber with total base of over 14 million subscribers, has driven more than 75% of the fixed broadband additions during the last 12 months.
He said 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.
“Reliance Retail delivered resilient growth this quarter, with steady performance across all consumption formats and channels,” Ambani 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.
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On the O2C business, RIL said multiple headwinds curtailed margin capture including high crude premiums on physical barrels along with higher freight and insurance costs.
“Further, to protect domestic consumers, RIL diverted propane/ butane to boost LPG output and held domestic fuel prices at retail outlets, leading to under recoveries in fuel retailing. Reintroduction of SAED on diesel, MS and ATF has adversely impacted margins from domestic business,” RIL said.
“The start to FY27 gives me reason to be optimistic about the year ahead as we move forward with phased commissioning of new energy projects and unlock value through the Jio IPO,” Ambani said.
