Reliance Reports Record Q2 Revenue and Higher Net Profit

Mukesh Ambani-led Reliance Industries Limited recorded its strongest-ever quarterly revenue growth in the second quarter of financial year 2026-27. Consolidated net profit attributable to owners increased by 40.64 percent year on year to 25,548 crore rupees, compared to 18,165 crore rupees in the same period last year. Total net profit after tax reached 29,250 crore rupees.

Revenue and Earnings

Consolidated revenue from operations grew to 3,32,861 crore rupees for the quarter, up from 2.59 lakh crore rupees in the previous year. The oil-to-conglomerate posted quarterly EBITDA of 62,409 crore rupees, marking a 23.9 percent annual increase. The oil-to-chemicals business delivered its best performance yet with EBITDA jumping 67.9 percent to 25,203 crore rupees, while digital services EBITDA rose 17.7 percent to 22,223 crore rupees.

Retail and Market Response

Reliance Retail Ventures Limited reported a 6.4 percent annual increase in net revenue at 91,716 crore rupees, alongside a quarterly EBITDA of 6,228 crore rupees and a net profit of 2,619 crore rupees, compared to 3,469 crore rupees in the year-ago period. Following the earnings announcement, company shares closed 0.44 percent higher at 1,163.55 rupees each on the BSE, giving the firm a market capitalisation of 15,74,578.54 crore rupees.

Context

Major Indian conglomerates often report quarterly earnings that reflect broader trends across consumer spending, digital adoption, and energy markets. Corporate financial results serve as key indicators of overall economic health in the domestic market.