Reliance Q2 FY27: Revenue ₹3.62 lakh Cr, PAT ₹29,550 Cr; Jio IPO ₹30,188 Cr
Reliance Industries reported Q2 FY27 consolidated revenue of ₹362,268 crore (up 27.8% Y-o-Y) and PAT of ₹29,550 crore (up 33.8% Y-o-Y). Jio Platforms' IPO raised ₹30,188 crore. O2C EBITDA surged 67.9% to ₹25,203 crore. Reliance Retail revenue grew 6.4% to ₹91,716 crore.
The strong financial performance, record profits, and significant IPO of a subsidiary indicate a material positive impact on the company's valuation and market standing.
The company reported record revenues and profits across key segments, particularly O2C and Digital Services, driven by strong market performance and strategic initiatives like Jio's IPO.
Reliance Industries Limited announced its consolidated and standalone unaudited financial results for the quarter and half-year ended September 30, 2026. The company reported a record consolidated revenue of ₹362,268 crore for the quarter, a 27.8% increase year-on-year. Consolidated Profit After Tax (PAT) also hit a new high of ₹29,550 crore, up 33.8% year-on-year. For the half-year ended September 30, 2026, consolidated PAT crossed the ₹50,000 crore mark.
The Oil to Chemicals (O2C) business recorded its best-ever quarterly performance with EBITDA at ₹25,203 crore, a 67.9% increase year-on-year, driven by strong fuel cracks and petrochemical margins. Digital Services, through Jio Platforms Limited (JPL), reported a revenue of ₹47,485 crore and EBITDA of ₹21,879 crore, with JPL successfully completing its Initial Public Offering (IPO) of ₹30,188 crore on October 28, 2026, making it India's largest IPO to date. JPL also achieved milestones of 300 million 5G mobility subscribers and 30 million Fixed Broadband subscribers.
Reliance Retail Ventures Limited (RRVL) reported a gross revenue of ₹91,716 crore, a 6.4% increase year-on-year, though EBITDA was impacted by planned investments and the festive calendar shift to Q3. The Oil and Gas segment reported revenue of ₹6,020 crore and EBITDA of ₹4,901 crore, marginally down year-on-year due to lower production and price realization from KG D6, offset by improved CBM performance.
Mukesh D. Ambani, Chairman and Managing Director, highlighted Jio's historic listing and the company's strong performance amidst a volatile operating environment, emphasizing the domestic orientation of its portfolio and operational discipline. Akash M Ambani, MD of Jio Platforms, welcomed new shareholders and expressed commitment to building next-generation technologies. Isha M. Ambani, Executive Director of Reliance Retail Ventures, stressed the integration of physical and digital retail for customer growth. Anant M. Ambani, Executive Director of Reliance Industries, noted the O2C business's resilience and contribution to India's energy stability.
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