Reliance Industries Ltd (RIL) posted an impressive 78% year-on-year rise in consolidated net profit for the first quarter of FY26, reaching ₹26,994 crore, as per its latest stock exchange filing released on Friday.
The company also saw a modest increase in revenue from operations, which climbed 5.3% to ₹2,48,660 crore, up from ₹2,36,217 crore during the same quarter last year.
Operating performance showed strong improvement, with earnings before interest, tax, depreciation, and amortisation (EBITDA) climbing 36% to ₹58,024 crore, from ₹42,748 crore in Q1 of the last fiscal. Gross revenue overall was ₹2,73,252 crore, a 6% rise equivalent to around $31.9 billion.
Reliance Jio, the group's digital and telecom division, posted a robust 25% hike in net profit to ₹7,110 crore in the quarter. Jio's revenue increased 19% from a year ago at ₹41,054 crore, driven by continued growth in its mobile and home broadband subscriber base, as well as higher data consumption.
Reliance Retail also reported good quarter performance with 11.3% growth in revenue at ₹84,171 crore. Its EBITDA went up 12.7% at ₹6,381 crore, while operating margins moved up to 8.7%, reflecting improved operational efficiency.
In the quarter, the retail business added 388 new stores, taking its store base to 19,592. These are spread across 77.6 million square feet of retail space. The number of registered customers also increased considerably, now at 358 million.
In the quick commerce space, JioMart witnessed stunning growth, with order volumes on a daily basis increasing 68% quarter-on-quarter and 175% year-on-year.
Even with the robust financial performance, RIL's share closed lower on the National Stock Exchange (NSE) on Friday. Shares closed at ₹1,476, down ₹0.40 or 0.027%.
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