Reliance Industries Q2 Net Profit Rises 14.3% to ₹22,092 Crore on Strong O2C, Digital and Retail Growth
Mumbai: Reliance Industries Limited (RIL) on Friday reported a 14.3% year-on-year (YoY) rise in consolidated net profit to ₹22,092 crore for the quarter ended September 30, 2025, driven by robust performances across its Oil-to-Chemicals (O2C), digital services, and retail segments.
The company’s consolidated revenue grew 10% YoY to ₹2,83,548 crore, while EBITDA increased 14.6% to ₹50,367 crore, supported by higher O2C throughput, strong consumer demand, and continued traction in Jio’s digital operations.
Commenting on the results, Mukesh D. Ambani, Chairman and Managing Director, said:
“Reliance delivered a robust performance during Q2 FY26, led by strong contributions from O2C, Jio, and retail businesses. Our agile business operations and domestic-focused portfolio continue to benefit from India’s structural economic growth.”
He added that the O2C business achieved robust year-on-year growth despite volatility in global energy markets, supported by recovery in fuel margins and higher middle distillate cracks.
The O2C segment recorded its highest-ever quarterly throughput at 20.8 million metric tonnes, up 3% YoY, with EBITDA rising 20.9% to ₹15,008 crore. Refining margins improved on stronger transportation fuel cracks, while polymer deltas trended higher.
The Jio-bp fuel retail network expanded beyond 2,000 outlets, reaching 2,057, with motor spirit (MS) and high-speed diesel (HSD) volumes increasing 32% and 34%, respectively.
In the Digital Services segment, Jio Platforms posted a 15% YoY revenue increase to ₹42,652 crore, and EBITDA rose 17.7% to ₹18,757 crore, with margins expanding by 140 basis points. ARPU climbed 8.4% YoY to ₹211.4, while the 5G subscriber base reached 234 million. Total home connections rose to 22.7 million, with JioAirFiber leading globally at 9.5 million subscribers.
Akash M. Ambani, Chairman of Reliance Jio Infocomm, said:
“Jio has proudly served over 500 million subscribers, meeting diverse digital needs with a fully indigenous technology stack that is now ready for global deployment.”
The Retail business delivered strong growth, with revenue up 18% YoY to ₹90,018 crore, and EBITDA up 16.5% to ₹6,816 crore. Grocery and Fashion & Lifestyle segments led the growth, rising 23% and 22%, respectively. The total store count reached 19,821.
Isha M. Ambani, Executive Director, Reliance Retail Ventures, said:
“Reliance Retail’s performance reflects our continued focus on operational excellence, expansion of store and digital networks, and strong festive demand across consumption categories.”
The Oil and Gas segment saw a modest decline due to lower KGD6 output, with revenue down 2.6% YoY and EBITDA falling 5.4%.
Capital expenditure during the quarter stood at ₹40,010 crore, fully covered by cash profit of ₹40,778 crore, as Reliance continued investments in O2C expansion, Jio’s 5G rollout, and new energy giga factories.
