Reliance Industries Q3 FY26 Investor Presentation: Revenue ₹2.93 Lakh Crore, EBITDA ₹50,932 Crore
Reliance Industries reported Q3 FY26 consolidated revenue of ₹2,93,829 crore, up 10.0% YoY. EBITDA increased by 6.1% to ₹50,932 crore. PAT stood at ₹22,290 crore. The O2C segment EBITDA grew 14.6%, and Digital Services EBITDA rose 16.1%. The company's credit rating was upgraded to 'A-' by S&P.
The announcement details the financial performance of a major conglomerate, including revenue, EBITDA, and PAT, along with a significant credit rating upgrade, which are material information for investors.
The company reported revenue and EBITDA growth across key segments, along with a credit rating upgrade, indicating positive financial performance and outlook.
Reliance Industries Limited has released its investor presentation for the quarter and nine months ended December 31, 2025. The company reported consolidated revenue of ₹2,93,829 crore, an increase of 10.0% year-on-year. Consolidated EBITDA stood at ₹50,932 crore, up 6.1% year-on-year. Profit After Tax (PAT) was ₹22,290 crore, a marginal increase of 1.6% year-on-year, impacted by higher finance costs and depreciation.
The Oil to Chemicals (O2C) segment saw a 14.6% rise in EBITDA to ₹16,507 crore, driven by strong fuel cracks. Digital Services EBITDA grew by 16.1% to ₹19,325 crore, fueled by subscriber additions. The Retail business reported EBITDA of ₹6,915 crore, with its hyper-local commerce segment showing significant growth. The FMCG segment, which includes the recently demerged RCPL, reported gross revenue of ₹5,065 crore in Q3 FY26, a 60% year-on-year increase.
For the nine months ended December 31, 2025, consolidated revenue was ₹8,50,629 crore, up 8.6% year-on-year, and EBITDA was ₹1,59,323 crore, an increase of 18.3% year-on-year. PAT for the nine months stood at ₹75,165 crore, up 28.1% year-on-year.
The company's balance sheet remains strong, with a Net Debt to LTM EBITDA ratio of 0.56x. Reliance Industries also noted a credit rating upgrade by S&P to 'A-', highlighting improved earnings stability and growth prospects. Jio Platforms reported a 13% YoY growth in revenue from operations to ₹37,262 crore and an 16.4% YoY growth in EBITDA to ₹19,303 crore.
What to do with a filing like this
Reliance Industries Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
That call is the part a filing cannot make for you. On RealCase, SEBI-registered research analysts and investment advisers read announcements like this one and turn the ones that matter into actions inside their model portfolios: a change in weight, a hold, or nothing at all. You are not left working out which of the roughly 250 filings published each day needs a response. The portfolio you follow is updated when a filing actually warrants it, with the reason written down.
See the model portfoliosA plain-language summary of a public exchange filing by Reliance Industries Limited. Read the original for the full detail.