{
  "id": 17343703,
  "title": "Reliance Industries Reports Strong Q2: PAT Surges 33.8% To ₹29,550 Crore, Gross Revenue Crosses ₹3.62 Lakh Crore Mark",
  "url": "https://urgent.news/2026/10/31/reliance-industries-reports-strong-q2-pat-surges-33-8-to-29-550-crore",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-31T05:00:29.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/reliance-industries-reports-strong-q2-pat-surges-338-to-29550-crore-gross-revenue-crosses-362-lakh-crore-mark"
  },
  "original_language": "en",
  "account": "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.\n\nThe 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.\n\nOperational 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.\n\nCapital 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).",
  "summary": "Mumbai: Reliance Industries Ltd (RIL) on October 30, 2026, reported a consolidated profit after tax (PAT) of ₹29,550 crore for the second quarter of financial year 2027, marking a 33.8% increase compared to the same period last year. Gross revenue for the quarter stood at ₹362,268 crore, up 27.8% year-on-year. EBITDA Performance The company's EBITDA for the quarter increased by 23.9% year-on-year…",
  "key_points": [
    "PAT surges 33.8% to ₹29,550 crore in Q2",
    "Gross revenue crosses ₹3.62 lakh crore mark",
    "Jio Platforms EBITDA increases 17.7%"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}