Reliance Industries Ltd’s Q1 net profit surges 78% to Rs 26,994 crore

Company posts one-time gain of Rs 8,900 crore from Asian Paints stake sale

New Delhi: Reliance Industries Limited (RIL) on Friday reported 78 per cent surge in its consolidated net profit for April-June quarter boosted by higher margins in oil and gas businesses and Rs 8,900 crore one-time gains from the sale of its stake in Asian Paints.

Consolidated net profit of oil-to-telecom conglomerate surged to a record high of Rs 26,994 crore in the quarter ended June 2025 from Rs 15,138 crore recorded in the corresponding period of the previous year. Excluding the exceptional gain from the stake sale in Asian Paints, RIL’s net profit during the quarter under review was higher by 20 per cent year-on-year.

The company’s profit is substantially higher than analysts’ estimates. RIL also posted its highest-ever consolidated quarterly Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA). The company’s EBITDA surged by 35.7 per cent to Rs 58,024 crore.

“Consolidated EBITDA for 1Q FY26 improved strongly from a year-ago period, despite significant volatility in global macros,” RIL Chairman and Managing Director Mukesh Ambani said in a statement.

He said the company’s O2C (oil-to-chemicals) business delivered strong growth despite sharp fluctuations in crude prices. O2C EBITDA increased by 10.8 per cent year-on-year due to favourable margin on domestic fuel retail, improvements in transportation fuel cracks and PP, PVC delta. This was partially offset by lower volumes on planned turnaround and decline in polyester chain margins.

“Performance was supported by improvement in fuel and downstream product margins. Natural decline in KGD6 gas production resulted in marginally lower EBITDA for Oil & Gas segment,” Ambani said.

Reliance Industries posted consolidated revenues at Rs 273,252 crore ($31.9 billion) for the April-June quarter, up 6 per cent year-on-year, supported by continued revenue growth in consumer businesses.

Jio Platforms posted a 25 per cent jump in its profit to Rs 7,110 crore with EBITDA up nearly 24 per cent to Rs 18,135 crore. The company added nearly 1 crore net subscribers during the quarter.

“I am happy to share that Jio has scaled newer heights during the quarter including crossing 200 million 5G subscribers and 20 million home connects. Jio AirFiber is now the largest FWA service provider in the world, with a base of 7.4 million subscribers,” Ambani said.

Reliance Retail’s net profit jumped by 28 per cent year-on-year to Rs 3,271 crore in April-June quarter. Expansion in store network and consumer brand businesses boosted the company’s earnings during the quarter.

The company claimed that its customer base expanded to 358 million during the quarter under review while it also posted significant improvement in operating metrics.

“We are focusing on strengthening the portfolio of own FMCG brands, which resonate with the tastes of Indian consumers. Our Retail business continues to enhance its ability to fulfill everyday as well as specialized needs of all customer cohorts, through a multi-channel approach,” Ambani said.