Reliance Industries release consolidated results for Quarter ended 31st December 2025

16 Jan Reliance Industries release consolidated results for Quarter ended 31st December 2025

(Oilandgaspress) Reliance is entering a new phase of value creation with its initiatives in the AI and New Energy domains.

Quarterly Performance (3Q FY26 vs 3Q FY25)
 Gross Revenue increased by 10.0% Y-o-Y to ₹ 293,829 crore ($ 32.7 billion)

• JPL revenue increased by 12.7% Y-o-Y led by robust subscriber addition, increase in ARPU and
  scale-up of digital services.
• RRVL revenue increased by 8.1% Y-o-Y, with growth across all consumption baskets driven by
  festive buying and wedding season. Distribution of festive buying between 2Q and 3Q, impact of
  consumer products division demerger and GST rationalization constrained top-line growth.
• Oil to Chemicals (O2C) revenue increased by 8.4% Y-o-Y. Production meant for sale increased by
  1.7% on a Y-o-Y basis. Additionally, company’s fuel retailing operations through Jio-bp expanded
  its network by 14% Y-o-Y to 2,125 outlets, driving volume growth of 24.7% for HSD and 20.8% for
  MS.
• Oil and Gas segment revenue decreased by 8.4% Y-o-Y mainly on account of lower volumes and
  price realisation for KGD6 gas and condensate.

 EBITDA increased by 6.1% Y-o-Y to ₹ 50,932 crore ($ 5.7 billion).

• JPL EBITDA increased by 16.4% Y-o-Y driven by strong momentum in revenue and operating
  leverage leading to 170 bps margin expansion.
• RRVL EBITDA increased marginally to ₹ 6,915 crore with an EBITDA margin of 8.0%.
• O2C EBITDA increased by 14.6% Y-o-Y with sharp increase in transportation fuel cracks, higher
  volumes and higher Sulphur realization partially offset by decline in downstream chemical margins
  and higher feedstock freight rates.

o Oil and Gas segment EBITDA decreased by 12.7% Y-o-Y following lower revenues and higher
operating cost due to maintenance activities.

• Depreciation increased by 10.9% Y-o-Y to ₹ 14,622 crore ($ 1.6 billion).
• Finance Costs increased by 7.0% Y-o-Y to ₹ 6,613 crore ($ 736 million), largely due to
  operationalisation of 5G spectrum assets.
• Tax Expenses increased by 10.1% Y-o-Y at ₹ 7,530 crore ($ 838 million).
• Profit After Tax and Share of Profit/(Loss) of Associates & JVs increased by 1.6% Y-o-Y to
  ₹ 22,290 crore ($ 2.5 billion).

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Reliance has committed to an ambitious target of achieving net-zero carbon status by 2035. Our New Energy proposition is key to achieving this. Through active investments and partnerships and by building a scalable and enabling energy ecosystem, we aim to build one of the world’s leading New Energy and New Materials businesses that can bridge the green energy divide in India and globally. The business will be based on the principle of Carbon Recycle and Circular Economy with a portfolio of advanced and specialty materials. We aim to create a fully integrated manufacturing ecosystem with secure and self-sufficient supply chains.

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