Reliance Industries Reports Strong Q2: PAT Surges 33.8% To ₹29,550 Crore, Gross Revenue Crosses ₹3.62 Lakh Crore Mark

Mumbai, October 30, 2026 - Reliance Industries Ltd (RIL) announced a robust second quarter performance for the financial year 2027, with profit after tax (PAT) soaring by 33.8% to ₹29,550 crore. This represents a notable 27.8% increase in gross revenue to ₹362,268 crore in comparison with the same quarter a year prior. The company's EBITDA showed a 23.9% rise to ₹62,409 crore.

The digital services arm, Jio Platforms, contributed to this growth, with its EBITDA surging 17.7% to ₹22,223 crore. Meanwhile, Oil to Chemicals (O2C) EBITDA showed an impressive 67.9% increase to ₹25,203 crore. Mukesh Ambani, Chairman and Managing Director, highlighted the successful IPO of Jio Platforms, stating that the company has remained unaffected by competition.

Operational highlights included a 11.3% YoY growth in Jio Platforms' revenue, driven by subscriber additions and digital services expansion. Reliance Retail Ventures Ltd experienced a 6.4% YoY revenue growth to ₹91,716 crore, despite a shift in the festive calendar to Q3. The Oil and Gas segment maintained its revenue level, with prices for crude, products, and condensate playing a crucial role.

Capital expenditure for the quarter amounted to ₹38,153 crore, primarily allocated to O2C and New Energy projects, alongside expanding infrastructure and distribution for consumer businesses. The financials showed increased depreciation (6.2% to ₹15,315 crore), higher finance costs (24.2% to ₹8,481 crore), and tax expenses (34.2% to ₹9,363 crore).