One-time gain propels RIL's Q1 net to ₹30,783 cr., up 76.5%
Excluding proceeds of profit from sale of investments, EBITDA increased by 15% and net profit was up 25% Year on Year (YoY) which was backed by strong double-digit profit growth by Jio, retail and oil to chemicals (O2C) businesses.
The company's consolidated gross revenue during the quarter ended June 30, 2025 increased by 6 Y-o-Y to ₹273,252 crore.
Mukesh D. Ambani, Chairman and Managing Director, RIL said, 'Reliance has begun FY26 with a robust, all-round operational and financial performance. Consolidated EBITDA for 1Q FY26 improved strongly from a year-ago period, despite significant volatility in global macros.'
'During the quarter, energy markets encountered heightened uncertainty, with sharp fluctuations in crude prices. Our O2C business delivered strong growth, with thrust on domestic demand fulfillment and offering value-added solutions through Jio-bp network,' he said.
'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,' he added.
Jio Platforms Ltd. during the quarter reported 24.8% growth in net profit at ₹7,110 crore over the year ago period. Gross revenue at ₹41,054 crore grew 18.8% due to strong subscriber growth across mobility and homes, increased consumption and sustained positive momentum in digital services.
Jio added 9.9 million subscribers and total number of subscribers at the end June 2025 was 498.1 million.
Reliance Retail Ventures Ltd (RRVL) for the quarter reported 28.3% YoY growth in net profit at ₹3,271 crore. Revenue increased by 11.3% YoY to ₹84,171 crore. All segments performed well, with market leading performance in grocery and fashion, the company said.
O2C EBITDA increased by 10.8% YoY 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.
The revenue of this segment decreased by 1.5% YoY due to a fall in crude oil prices and lower volumes on account of the planned shutdown. Segment revenues were supported by increased domestic placement of transportation fuels through Jio-bp.
The Oil and Gas segment EBITDA decreased by 4.1% YoY on account of lower revenues coupled with increase in operating costs due to higher maintenance activities during the quarter.
The revenue of this segment decreased by 1.2% YoY mainly on account of lower sales volume of KGD6 gas with natural decline in production, lower gas price for CBM and lower crude price realisation. This was partly offset with improved KGD6 gas price realisation, the company said.
RIL's finance costs during the quarter increased by 18.9% YoY to ₹7,036 crore, largely due to operationalisation of 5G spectrum assets.
The company's capital expenditure for the quarter was ₹29,875 crore.
RIL's consolidated net debt at the end of the quarter was marginally up at ₹1,17,581 crore as against ₹1,17,083 crore as on March 31, 2025.
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