Reliance Industries Reports Record Quarterly EBITDA and Growth Across Key Segments for Q1 FY27

Reliance Industries Reports Record Quarterly EBITDA and Growth Across Key Segments for Q1 FY27​

Reliance Industries Limited has reported a strong start to the fiscal year 2027, with its consolidated revenue reaching ₹ 340,257 crore for the quarter ended June 30, 2026. This represents a 24.5% year-on-year (Y-o-Y) increase compared to the same period in the previous year.

The company achieved a record quarterly consolidated EBITDA on a recurring basis of ₹ 54,067 crore, up 10.1% Y-o-Y. The consolidated Profit After Tax (PAT) on a recurring basis stood at ₹ 23,196 crore, marking a 6.1% Y-o-Y growth.

Consolidated Financial Performance​

The following table outlines the key financial highlights for Reliance Industries Limited:


\*Annualized

Jio Platforms Limited (JPL) and Digital Growth​

Jio Platforms Limited saw a significant rise in performance, with quarterly revenue reaching ₹ 45,961 crore, up 12.0% Y-o-Y. The company reported a record quarterly EBITDA of ₹ 20,865 crore, representing a 15.1% Y-o-Y increase.

Key operational highlights for JPL include:

• A total subscriber base of over 533 million, including 285 million Jio True5G subscribers.
• An ARPU (Average Revenue Per User) of ₹ 215.6, up from ₹ 208.8 in the same quarter last year.
• Data traffic grew 26.9% Y-o-Y to 69.4 billion GB.
• A record EBITDA margin of 53.3%, an increase of 150 bps Y-o-Y.

The company also reported that Jio Platforms Limited filed its DRHP with SEBI as a step toward a public listing. Furthermore, Jio climbed 320 places in the PCT Rankings of WIPO for 2025, highlighting its position as a fast-rising global innovator in digital technologies including 5G, AI, and cloud-native platforms.

Reliance Retail Ventures Limited (RRVL)​

Reliance Retail reported gross revenue of ₹ 90,408 crore for the quarter, a 7.4% Y-o-Y increase. When adjusted for the demerger of the Consumer Brands business, revenue grew by 11.6% Y-o-Y.

The company’s financial metrics for RRVL are as follows:


Note: Significant growth was observed in the registered customer base, which rose to 396 million (+10.6% Y-o-Y), and transactions recorded during the quarter reached 568 million, up 46.0% Y-o-Y.

Oil to Chemicals (O2C) and Energy Performance​

The O2C segment achieved a record quarterly revenue of ₹ 201,803 crore, up 30.4% Y-o-Y, and an EBITDA of ₹ 17,010 crore, up 17.2% Y-o-Y. This growth was primarily driven by higher crude oil prices and stronger transportation fuel cracks despite lower production due to planned maintenance.

Operational highlights for the O2C segment:

• Segment revenue grew significantly due to a sharp increase in crude prices (up 54.1% Y-o-Y).
• The company managed high crude premiums and increased freight/insurance costs while maintaining domestic fuel price stability.
• Profit was supported by higher product netbacks in deficit markets such as Singapore, Australia, and East & South Africa.

Regarding the margin environment:

• Singapore Gasoil 10-ppm cracks were up 299% Y-o-Y.
• Singapore Jet/Kerosene cracked prices rose by 343% Y-o-Y.
• PE (Polyethylene) product prices saw a significant increase due to Middle East supply disruptions.

Oil and Gas (Exploration and Production)
The segment reported revenue of ₹ 6,298 crore (up 3.2% Y-o-Y) with an EBITDA of ₹ 4,973 crore (down 0.5% Y-o-Y). Revenue growth was aided by higher oil/condensate price realization from KG D6 and higher gas prices from CBM production.

Jio-bp Update
The Jio-bp brand operates a country-wide network of 2,221 outlets. MS (Motor Spirit) volumes saw a standout growth of 16.8% Y-o-Y. The company also reported that its CBG (Compressed Biogas) network crossed 131 operating outlets with volumes up 161% Y-o-Y.

JioStar Business​

JioStar reported robust revenue from operations of ₹ 10,946 crore, a 14% Y-o-Y increase, while EBITDA from operations grew 30.7% Y-o-Y to ₹ 933 crore.

Key performance indicators for JioStar include:

• JioHotstar recorded its highest ever average Monthly Active Users (MAUs) of 530 million during the quarter.
• IPL 2026 reached a combined audience of 1.2 billion across Digital and Linear TV.
• Entertainment watch time on JioHotstar grew by 16% Y-o-Y.
• The 'Tadka' microcontent hub crossed 100 million active users within two months of launch.
• In the Hindi Speaking Markets (HSM) Pay-TV segment, the network maintained a 44% viewership share.

RELIANCE Stock Price Movement​

Reliance Industries Limited shares rallied 2.48% today to settle at ₹1327.2. The stock saw significant activity with a volume of 18.30 million shares as it climbed from a session low of ₹1296.1.