2 days ago
- Business
- United News of India
Reliance Industries Ltd Posts Q1 FY26 Consolidated Profit Of Rs 26,994 Crore
Mumbai, July 19 (UNI) Reliance Industries Ltd (RIL) officially announced that it has posted a consolidated net profit of Rs 26,994 crore for the first quarter which ended in June 2025 (Q1)
of the financial year 2026 (FY26), marking a sharp 78.3% rise from Rs 15,138 crore in the
same period last year.
Sequentially, the company's profit grew 39.1% from Rs 19,407 crore in Q4 FY25.
Consolidated revenue from operations for the conglomerate stood at Rs 2,73,252 crore for the quarter, which is 6% more compared to Rs 2,57,823 crore year-on-year (Y-o-Y), according to a company statement today.
Reliance Industries Limited Chairman & Managing Director Mukesh Ambani said, 'Reliance has begun FY26 with a robust, all-round operational and financial performance. Consolidated EBITDA
for Q1 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. Performance was supported by improvement in fuel and downstream product margins. Natural decline in natural gas production from Krishna-Godavari D6 resulted in marginally lower EBITDA for the oil and gas segment," Mukesh Ambani said.
"The company's retail business customer base expanded to 358 million and the focus is on strengthening its portfolio of our own FMCG brands. Jio has scaled newer heights during the quarter including crossing 200 million 5G subscribers and 20 million home connections. Jio AirFiber is now the largest Fixed Wireless Access (FWA) service provider in the world, with a base of 7.4 million subscribers," Mukesh Ambani said.
Mukesh Ambani laid out an ambitious target based on the company's performance and growth
plans, saying, "Reliance will continue its stellar track record of doubling every 4 to 5 years."
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