Reliance Industries Q3 Results: Mukesh Ambani's RIL Records Rs 18,645 Crore Net Profit, Revenue Up 10% YoY

Billionaire Mukesh Ambani's Reliance Industries has declared its Q3 results for FY26. In the third quarter, Reliance posted a consolidated net profit of Rs 18,645 crore, which is attributable to its owners. The latest PAT surged mildly by 0.6% year-on-year and up by 2.64% quarter-on-quarter. Revenue witnessed nearly a 10% surge compared to the same quarter a year ago. Reliance's O2C business reported double-digit growth in EBITDA, while its Jio 5G subscribers crossed the 250 million mark. The retail business logged steady performance.

In terms of bottom line, RIL posted a consolidated net profit of Rs 18,645 crore in Q3FY26, registering a growth of 0.6% from Rs 18,540 crore in Q3FY25 and up by 2.64% from the Rs 18,165 crore net profit in the preceding quarter.

On the top-line front, the behemoth bagged revenue from operations of Rs 2,93,829 crore in the quarter under review. This is higher by 9.97% from revenue of Rs 2,67,186 crore in Q3FY26 and up by 3.63% from Rs 2,83,548 crore in Q2FY26.

However, Reliance's EBITDA margins contracted to 17.4% in Q3FY26 compared to 18% in Q2FY26 and 18.3% in Q3FY25. Although, the operating profit stood at Rs 46,018 crore in Q3FY26, higher from Rs 45,885 crore in Q2FY26 and Rs 43,789 crore in Q3FY25.

On the performance, Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries Limited said, "Reliance's consolidated performance in Q3 FY26 reflects consistent financial delivery and operational resilience across businesses."

Reliance Industries Telecom Business:

Its telecom giant Jio Platforms reported 11.2% YoY growth in net profit to Rs 7,629 crore. During the quarter, Jio 5G subscribers crossed 250 million, while its Fixed Broadband base crossed 25 million. Quarterly EBITDA and revenue were up by 16.4% YoY and 12.7% YoY to Rs 19,303 crore and Rs 43,683 crore respectively.

For Jio's performance, Ambani said, "This quarter, Jio expanded its subscriber base further, through attractive propositions enabled by its comprehensive, indigenous technology stack tailored for Indian markets."

Reliance Industries Retail Business:

During Q3FY26, RIL's Reliance Retail posted a 2.7% YoY growth in net profit to Rs 3,551 crore. Quarterly revenue surged by 8.1% YoY to Rs 97,605 crore and quarterly EBITDA also witnessed single-digit upside of 2.1% YoY to Rs 6,770 crore.

For the performance of Reliance Retail, the richest man of India, said, "Our Retail business also had an eventful quarter, strengthening its portfolio with the onboarding of fresh new brands and product ranges. The demerger of consumer products business came into effect this quarter."

Reliance Industries O2C Business:

RIL's O2C business posted a whopping 14.6% YoY growth in EBITDA to Rs 16,507 crore, while its margins expanded by 60 basis points to 10.2%. Quarterly revenue of this segment stood at Rs 162,095 crore, higher by 8.4% YoY.

As of December 31, 2026, Jio-bp now operates a strong country-wide network of 2,125 fuel retail outlets.

Here, Ambani said, "Robust growth in O2C business was led by significantly higher fuel margins with favorable demand-supply dynamics, along with operational flexibility. I am happy to highlight the strong growth in our fuel retailing business, with continuing expansion of the Jio-bp network. Upstream segment EBITDA was impacted by lower volumes and prices."

Reliance Industries Oil & Gas Business:

Unlike O2C, Reliance faced a setback in the oil & gas segment. This business dropped by 8.4% YoY in revenues to Rs 5,833 crore, due to lower volumes and price realisation for KGD6 gas and condensate. The average price realized for KGD6 gas was $ 9.65/MMBTU in 3Q FY26 vis-à-vis $ 9.74/MMBTU in 3Q FY25. The average price realised for CBM gas was $ 9.29/MMBTU in 3Q FY26 vis-à-vis $ 10.58/MMBTU in 3Q FY25.

EBITDA also dipped by 12.7% YoY to Rs 4,857 crore, and margins crashed sharply by 410 basis points to 83.3%.

Looking ahead, Ambani said, "Reliance is entering a new phase of value creation with its initiatives in the AI and New Energy domains. I am confident that Reliance will play a pioneering role in the evolution of these epoch-defining technologies, providing sustainable solutions at scale for India and the world."

Reliance share price closed at Rs 1457.60 apiece, broadly flat on BSE with market cap of Rs 19,72,493.21 crore. The share price will react to Q3 results next week on Monday.