Reliance Industries Q2 result: RIL’s profit rises 14.3% to Rs 22,092 crore, revenue up 9.9% | Business News

RIL’s digital arm Jio Platforms Ltd posted a 14.9 per cent rise in revenue at Rs 42,652 crore during the quarter and net profit rose by 12.8 per cent to Rs 7,379 crore.

Reliance Retail Ventures Ltd recorded a revenue from operations at Rs 79,128 crore, a rise of 19 per cent. Its profit increased by 21.9 per cent to Rs 3,457 crore during the September quarter.

RIL shares rose by 1.35 per cent to Rs 1,416.95 on the BSE on Friday ahead of the results announcement. The company has a market capitalisation of Rs 19.17 lakh crore.

“Reliance delivered a robust performance during 2QFY26 led by strong contributions from O2C, Jio and Retail businesses. Consolidated EBITDA registered 14.6% growth on a year-on-year basis, reflecting agile business operations, domestic focused portfolio and structural growth in the Indian economy, RIL Chairman and MD Mukesh D. Ambani said.

“Digital services business continues to scale-up with positive momentum in subscriber addition across homes and mobility services, driven by Jio’s network and technology leadership,” he said.

RIL said Jio subscriber base crossed the 500 million mark during the quarter.

On the retail business, he said all formats registered higher volume, propelling strong growth in both revenue and EBITDA. “The recently announced progressive reforms in the GST regime provide a boost to continuing consumption-led growth. O2C business delivered robust growth on a Y-o-Y basis, despite continued volatility in energy markets,” he said.

“GST rate changes will further accelerate consumption growth as consumers get the benefit of lower prices,” Isha M. Ambani, Executive Director of RRVL said.

Ambani said fuel margins recovered over previous year led by middle distillate cracks. Downstream chemicals continue to be impacted by overcapacity. “Corrective steps by the industry stakeholders will help balance global downstream markets in the medium-term,” he said.

In the oil business, segment revenue for the September quarter was higher by 3.2 per cent to Rs 160,558 crore ($ 18.1 billion) and production meant for sale increased 2.3 per cent on a Y-o-Y basis with higher throughput in both primary and secondary units, RIL said.

“I am happy with the progress we are making in our new growth engines – new energy, media and consumer brands. I believe these businesses will build on Reliance’s legacy of creating industry leaders,” he said.