Reliance Industries Q1 FY26-27 Results: Steady Growth and Segment Resilience

On July 17, 2026, Reliance Industries Limited (RIL) announced its unaudited financial results for the quarter ended June 30, 2026, showcasing a robust performance across its diverse business ecosystem. Despite a dynamic global environment, the company reported significant growth in its top-line and strong operational margins.

Financial Highlights: A Record Revenue Performance

Reliance achieved a consolidated Revenue from Operations of ₹ 311,850 crore for the quarter, representing a substantial 25.4% increase compared to ₹ 248,660 crore in the same period last year. The Total Income for the period reached ₹ 318,400 crore.
Key profit metrics for the quarter include:
Profit Before Tax (PBT): ₹ 30,630 crore.
Profit After Tax (PAT): ₹ 23,196 crore (after share of associates and joint ventures).
Basic Earnings Per Share (EPS): ₹ 15.48, up from ₹ 12.54 in the previous quarter (March 2026).
Operating Margin: Maintained at a healthy 9.5%.

Segment-Wise Performance

Reliance’s diversified model continues to drive its success, with each major segment contributing to the overall growth.

1. Oil to Chemicals (O2C): The Growth Engine

The O2C segment remains the largest revenue contributor, bringing in ₹ 201,803 crore this quarter, a significant jump from ₹ 154,804 crore a year ago. The segment reported an EBITDA of ₹ 17,010 crore, reflecting the strength of its integrated assets like the Refinery Off-Gas Cracker and downstream manufacturing facilities

2. Digital Services: Scaling New Heights

The Digital Services segment, which includes Reliance Jio, reported a revenue of ₹ 46,900 crore. More impressively, the segment achieved a strong EBITDA of ₹ 21,255 crore, highlighting the high profitability and scale of its digital ecosystem.
3. Retail: Consistent Consumer Reach
Reliance Retail continued its steady performance with a segment revenue of ₹ 90,409 crore
. The segment delivered an EBITDA of ₹ 6,309 crore, as it continues to expand its consumer retail footprint and related services.

4. Oil and Gas: Strong Profitability

While smaller in scale compared to other segments, the Oil and Gas business reported a revenue of ₹ 6,298 crore and a high-margin EBITDA of ₹ 4,973 crore.
Strength of the Balance Sheet
The company maintains a strong financial position with a Net Worth of ₹ 880,365 crore as of June 30, 2026
. Additionally, the interest service coverage ratio improved to 4.67, indicating robust debt-handling capabilities.