Reliance Industries Q4 FY26 Consolidated PAT at ₹20,589 Crore, Revenue up 12.9%
Reliance Industries reported Q4 FY26 consolidated revenue of ₹3,25,290 crore, up 12.9% YoY. PAT declined 8.9% to ₹20,589 crore due to higher costs. For FY26, revenue was ₹11,75,919 crore (up 9.8%), and PAT rose 17.8% to ₹95,754 crore. Jio Platforms and Reliance Retail showed strong growth.
As a major conglomerate, Reliance Industries' financial results significantly impact market sentiment and investor confidence, affecting broader market trends.
While revenue and EBITDA showed growth for the full year and in key segments like Jio Platforms and Retail, the consolidated PAT for the quarter declined due to increased finance costs and depreciation. This mixed performance warrants a neutral sentiment.
Reliance Industries Limited announced its audited financial results for the quarter and year ended March 31, 2026. The company's consolidated revenue for the fourth quarter of FY26 surged by 12.9% year-on-year to ₹3,25,290 crore. However, consolidated Profit After Tax (PAT) for the quarter declined by 8.9% to ₹20,589 crore, attributed to higher finance costs and depreciation.
For the full fiscal year 2025-26, Reliance reported a consolidated revenue of ₹11,75,919 crore, an increase of 9.8% over the previous year. The consolidated EBITDA for the fiscal year grew by 13.4% to ₹2,07,911 crore, and the PAT rose by 17.8% to ₹95,754 crore. The company highlighted strong performance across its consumer-facing businesses, with Digital Services, Retail, and FMCG segments contributing significantly to the growth. The Oil to Chemicals (O2C) segment also showed resilience, with EBITDA up 10% year-on-year despite market volatilities.
The Jio Platforms Limited reported a 12.6% YoY growth in operating revenue for Q4 FY26, reaching ₹38,259 crore, with EBITDA increasing by 17.9% to ₹20,060 crore. For the full year, Jio Platforms' revenue was ₹1,46,885 crore, up 14.6% YoY, and EBITDA grew 18.8% to ₹76,255 crore.
Reliance Retail's gross revenue for Q4 FY26 stood at ₹98,232 crore, an 11% increase YoY, with EBITDA rising 3% to ₹6,921 crore. For the full year, gross revenue was ₹3,70,026 crore, up 12% YoY, and EBITDA increased by 8% to ₹27,033 crore. The company noted significant growth in hyper-local commerce and expansion in its store count.
The O2C segment's revenue in Q4 FY26 was ₹1,84,944 crore, up 12.4% YoY, though EBITDA saw a marginal decline of 3.7% to ₹14,520 crore due to various market headwinds. For the full year, O2C revenue was ₹6,62,401 crore, up 5.7% YoY, and EBITDA increased by 10.1% to ₹60,546 crore.
The company's net debt to EBITDA ratio remained significantly below 1x, indicating a strong balance sheet.
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