Reliance oil & gas segment Q1 results: Revenue down 1.2% YoY to ₹6,103 crore, EBITDA down 4.1%
For the quarter ended June 30, 2025, revenue came in at ₹6,103 crore, down 1.2% from ₹6,179 crore in the same quarter last year. The decline was primarily due to lower sales volumes of KG D6 gas in line with the natural decline in production, as well as lower prices realized for CBM gas and crude oil.
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EBITDA for the quarter was ₹4,996 crore, representing a 4.1% drop from ₹5,210 crore in Q1 FY25. EBITDA margin also contracted by 240 basis points year-on-year to 81.9%, reflecting higher operating costs owing to maintenance activities.
On the operational side, KG D6 production stood at 63.9 BCFe, down 7.9% YoY, while CBM production increased 21.7% YoY to 2.8 BCFe. The company noted that the average price realized for KG D6 gas rose to $9.97/MMBTU in Q1 FY26, compared to $9.27/MMBTU last year.
In CBM operations, the second phase of drilling for 40 multi-lateral wells has begun, with 2 wells completed and 1 already in production.
Despite lower revenue and profitability in this segment, Reliance highlighted steady progress in both KG D6 and CBM projects, along with ongoing investments to sustain and enhance production levels.
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