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Reliance Q2 results: RIL posts record Rs 29,550 crore quarterly profit

By SHIVANGHI PAYAL · Via Times of India · Published by Everything Blog

In short

The oil-to-chemicals division led the unprecedented performance, benefiting directly from favorable global fuel conditions and domestic consumption. Consumer operations delivered mixed results, as Reliance Retail expanded revenues and saw JioMart surge despite profitability being dampened by digital investments and higher costs. Across the broader group, strategic capital expenditure was maintained at Rs 38,153 crore while consolidated net debt dropped to Rs 1,17,140 crore.

Key points

Downstream energy operations served as the core growth engine, counteracting mild weaknes…: Downstream energy operations served as the core growth engine, counteracting mild weakness in upstream exploration and retail margins.
Significant capital spending continued across New Energy and consumer businesses even as…: Significant capital spending continued across New Energy and consumer businesses even as overall net debt declined.
High growth in digital commerce platforms like JioMart highlights ongoing structural shif…: High growth in digital commerce platforms like JioMart highlights ongoing structural shifts within the company's retail division.

Sources checked by our analysis pipeline: 1

NEW DELHI: Reliance Industries Limited (RIL) reported its highest-ever quarterly consolidated gross revenue in the July-September quarter of FY27, with revenue rising 27.8% year-on-year to Rs 3,62,268 crore. The company's profit increased 33.8% to Rs 29,550 crore, marking its highest quarterly profit on a recurring basis.

The company's consolidated earnings before interest, tax, depreciation and amortisation (EBITDA) also touched a record high of Rs 62,409 crore, up 23.9% from Rs 50,367 crore in the corresponding quarter last year, according to its media release filed with the stock exchanges.

Reliance's consolidated profit for the first half of FY27 crossed the Rs 50,000 crore mark, reaching Rs 52,746 crore, also a record on a recurring basis.

O2C business delivers record performance

The oil-to-chemicals (O2C) business emerged as a key contributor to the quarterly performance, delivering its best-ever results. Segment EBITDA surged 67.9% year-on-year to Rs 25,203 crore, while revenue rose 44.2% to Rs 2,31,601 crore. The growth was supported by stronger transportation fuel refining margins and improved petrochemical margins amid global supply disruptions.

"Our O2C business delivered a particularly strong performance this…

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In short

Key Points

Downstream energy operations served as the core growth engine, counteracting mild weaknes…: Downstream energy operations served as the core growth engine, counteracting mild weakness in upstream exploration and retail margins.
Significant capital spending continued across New Energy and consumer businesses even as…: Significant capital spending continued across New Energy and consumer businesses even as overall net debt declined.
High growth in digital commerce platforms like JioMart highlights ongoing structural shif…: High growth in digital commerce platforms like JioMart highlights ongoing structural shifts within the company's retail division.

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AI Analysis

Tone

Positive

In short

Key Points

Downstream energy operations served as the core growth engine, counteracting mild weaknes…: Downstream energy operations served as the core growth engine, counteracting mild weakness in upstream exploration and retail margins.
Significant capital spending continued across New Energy and consumer businesses even as…: Significant capital spending continued across New Energy and consumer businesses even as overall net debt declined.
High growth in digital commerce platforms like JioMart highlights ongoing structural shif…: High growth in digital commerce platforms like JioMart highlights ongoing structural shifts within the company's retail division.

Topics

Business

Was this summary useful?

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Reliance Q2 results: RIL posts record Rs 29,550 crore quarterly profit

In short

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