RELIANCE NSE filing

Reliance Industries Reports Strong Q2 FY26 Consolidated Results, Presents Investor Update

The RealCase readHigh impact Positive

Reliance Industries reported strong Q2 FY26 consolidated revenue, EBITDA, and PAT growth. Key segments like Jio Platforms, Retail, O2C, and New Energy showed robust performance and strategic progress.

Why it matters

The announcement contains comprehensive Q2 FY26 financial results for a major company, detailing performance across diverse and significant business segments. This information is crucial for investor analysis and market valuation, thus having a high impact.

The market read

The announcement indicates strong financial performance with double-digit growth in consolidated revenue, EBITDA, and PAT, along with robust performance across all major business segments (Jio Platforms, Retail, O2C, New Energy, JioStar). This sustained growth and strategic progress are positive indicators.

Reliance Industries Limited (RIL) has announced robust unaudited financial results for the quarter and half year ended September 30, 2025, demonstrating double-digit growth across key financial metrics. Key highlights include: * Consolidated Revenue: Increased by 10% YoY to ₹283,548 crore (US$32.0 billion). * Consolidated EBITDA: Grew by 14.6% YoY to ₹50,367 crore (US$5.7 billion). * Consolidated PAT: Rose by 14.3% YoY to ₹22,092 crore (US$2.5 billion). * Standalone PAT: ₹9,129 crore, up 18% YoY.

The strong performance was driven by new initiatives, buoyant economic activity, and consumption trends. Segment-wise performance: * Jio Platforms: Reported an 18% YoY EBITDA growth, with over 500 million subscribers and 234 million 5G users. JioAirFiber homes reached 9.5 million. PAT stood at ₹7,375 crore, up 13% YoY. * Retail: Gross revenue reached ₹90,018 crore, up 18% YoY, with EBITDA growing 16.5% YoY to ₹6,816 crore. Growth was seen across grocery (+23%), fashion & lifestyle (+22%), and consumer electronics (+18%). * Oil to Chemicals (O2C): Achieved 21% EBITDA growth, driven by recovery in fuel cracks and improvement in polymer deltas. * Exploration and Production (E&P): Sustained EBITDA performance, with KG D6 contributing approximately 30% of India's gas production. * New Energy: Rapid progress on giga-factories, with 4 PV module lines commissioned and the 1st cell line expected in October 2025. Significant construction progress on the 40 GWh battery giga-factory. * JioStar (Media): Delivered record EBITDA performance with industry-leading margins, driven by strong viewership in entertainment and sports.

The company also highlighted a strong balance sheet with net debt to LTM EBITDA at 0.58x, providing ample financing capacities for growth initiatives. An investor presentation on these results was made at an analyst meet on October 17, 2025.

Filing to action

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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.

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Primary source

A plain-language summary of a public exchange filing by Reliance Industries Limited. Read the original for the full detail.

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