Reliance Industries posted a record quarterly consolidated profit after tax of ₹29,550 crore, marking a 33.8% increase year-on-year. The outperformance was largely anchored by the oil-to-chemicals business, which saw its operating profit surge alongside elevated transportation fuel cracks. To mitigate rising freight costs and crude premiums, the firm processed record crude volumes sourced flexibly from the Mediterranean and the Americas. Brokerages highlighted that consolidated operating EBITDA surpassed market forecasts, keeping long-term investment ratings favorable.
Key points
The conglomerate anticipates its oil-to-chemicals business will deliver an annualised EBI…: The conglomerate anticipates its oil-to-chemicals business will deliver an annualised EBITDA exceeding ₹80,000 crore.
New energy initiatives are scheduled to start delivering measurable financial contributio…: New energy initiatives are scheduled to start delivering measurable financial contributions to earnings beginning in FY28.
Consolidated operating EBITDA of ₹56,620 crore comfortably outperformed both consensus fo…: Consolidated operating EBITDA of ₹56,620 crore comfortably outperformed both consensus forecasts and internal brokerage projections.
Sources checked by our analysis pipeline: 1
Reliance Industries shares are likely to remain in focus on Monday, 2 November, after the Mukesh Ambani-led conglomerate reported a record quarterly profit for the July-September quarter on Friday, 30 October. The company’s strong performance was driven by a sharp recovery in its oil-to-chemicals (O2C) business and continued growth in digital services, which helped offset relatively subdued earnings from retail.
Reliance Industries Ltd (RIL) reported a consolidated profit after tax, including its share of associates and joint ventures, of ₹29,550 crore in the second quarter of FY27, marking a 33.8% increase from ₹22,092 crore in the corresponding period last year. Net profit attributable to owners of the company rose 40% year-on-year to ₹25,548 crore.
Consolidated revenue increased 27.8% year-on-year to ₹3,62,268 crore, while EBITDA grew 23.9% to a record ₹62,409 crore. The latest quarterly profit also exceeded the ₹23,196 crore reported in the previous quarter, setting a new high for India’s largest listed company by market capitalisation.
The O2C business emerged as the biggest contributor to earnings growth, benefiting from stronger global transportation fuel cracks and improving petrochemical margins. EBITDA…
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