Reliance Industries Q1 Results: Earns Highest Ever Profit; Ambani Says RIL To Continue Doubling Every 4-5 Yrs

Reliance Industries has earned the highest ever net profit of Rs 26,994 crore, on a consolidated basis, in the quarter ending June 30, 2025. This is partly due to one-time gains of Rs 8,924 crore from the sale of its stake in Asian Paints. Reliance's EBITDA is also at a record high. Billionaire Mukesh Ambani emphasised that Reliance should continue to double every 4-5 years.

In Q1FY26, Reliance reported consolidated net profit of Rs 26,994 crore, on a consolidated basis, compared to net profit of Rs 19,407 crore in Q4FY25 and Rs 15,138 crore in Q1FY25.

The profitability surged by over 39% on a quarter-on-quarter, and by whopping 78% on year-on-year basis.

Meanwhile, Reliance's EBITDA climbed by 35.7% Y-o-Y to Rs 58,024 crore ($ 6.8 billion). EBITDA in Jio surged by 23.9% YoY, while Reliance Retail EBITDA soared by 12.7% YoY. O2C EBITDA zoomed by 10.8% YoY, and operating profit of oil & gas business is up by 4.1% YoY in the quarter under review.

Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries Limited said: "Reliance has begun FY26 with a robust, all-round operational and financial performance. Consolidated EBITDA for 1Q FY26 improved strongly from a year-ago period, despite significant volatility in global macros."

Revenue from operations also stood at Rs 248,660 crore in June 2025 quarter, higher from Rs 236,217 crore in Q1FY25, but lower from Rs 264,573 crore. Gross revenue was up by 6% YoY to Rs 273,252 crore ($ 31.9 billion).

Key highlights of revenue are:

- JPL revenue increased by 18.8% Y-o-Y due to strong subscriber growth across mobility and homes, increased consumption and sustained positive momentum in digital services.

- RRVL revenue increased by 11.3% Y-o-Y. All segments performed well, with market leading performance in grocery and fashion.

- Oil to Chemicals (O2C) revenue decreased by 1.5% Y-o-Y due to a fall in crude oil prices and lower volumes on account of the planned shutdown. Segment revenues were supported by increased domestic placement of transportation fuels through Jio-bp.

- Oil and Gas segment revenue decreased by 1.2% Y-o-Y mainly on account of lower sales volume of KGD6 gas with natural decline in production, lower gas price for CBM and lower crude price realisation. This was partly offset with improved KGD6 gas price realisation.

Furthermore, the average price realized for KGD6 gas was $ 9.97/MMBTU in 1Q FY26 vis-à-vis $ 9.27/MMBTU in 1Q FY25. The average price realised for CBM gas was lower at $ 9.90/MMBTU in 1Q FY26 vis-à-vis $ 11.59/MMBTU in 1Q FY25.

According to Ambani, during the quarter, energy markets encountered heightened uncertainty, with sharp fluctuations in crude prices.

He said, "Our O2C business delivered strong growth, with thrust on domestic demand fulfillment and offering value-added solutions through Jio-bp network. Performance was supported by improvement in fuel and downstream product margins. Natural decline in KGD6 gas production resulted in marginally lower EBITDA for Oil & Gas segment.

Going ahead, Ambani said, "Reliance is committed to contribute to India's growth this journey through inclusive growth, technological innovation and leading energy transformation. The performance of our businesses and growth initiatives gives me confidence that Reliance will continue its stellar track record of doubling every 4-5 years."