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Reliance Industries reports steady growth in Q3FY26

in Data Story, Market
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Reliance Consumer brings Tamil Nadu’s Udhaiyam into its FMCG fold
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Athira Sethu

Kochi, 17 Jan 2026

Reliance Industries Limited (RIL), India’s largest company by market capitalisation, reported steady financial performance in the third quarter of FY26. The company posted a consolidated net profit of ₹18,645 crore, slightly higher than last year and up sequentially by 2.6 percent. Revenue growth remained strong, supported by stable operations across businesses such as telecom, retail, energy, and digital services, while the company continues to invest in future areas like artificial intelligence and new energy.

Overall Financial Performance (Q3FY26)

MetricQ3FY26Q3FY25Change
Net Profit₹18,645 crore₹18,540 crore+0.6% YoY
Sequential Profit Growth——+2.6%
Revenue from Operations₹2,69,496 crore₹2,43,865 crore+10.5% YoY
Sequential Revenue Growth——+4%
EBITDA₹50,932 crore—+6.1% YoY
EBITDA Margin17.3%18.0%Down 70 bps

Labour Code Impact

ItemStatus
Impact in Q3FY26Not material
Future ActionTo be assessed after final rules are notified

Segment-wise Performance: Reliance Jio Platforms

MetricValueGrowth
Profit₹7,629 crore+11.2%
Revenue₹37,262 crore+12.7%
EBITDA₹19,303 crore+16.4%
EBITDA Margin51.8%+170 bps

Segment-wise Performance: Reliance Retail Ventures

MetricValueGrowth
Profit₹86,951 crore+9.2%
Revenue₹3,551 crore+2.7%
EBITDA₹6,915 crore+1.3%
EBITDA Margin8.0%-60 bps

Segment-wise Performance: Oil-to-Chemicals (O2C)

MetricValueGrowth
Revenue₹1,62,095 crore+8.4%
EBITDA₹16,507 crore+14.6%
EBITDA Margin10.2%+60 bps

Segment-wise Performance: Oil and Gas (E&P)

MetricValueGrowth
Revenue₹5,833 crore-8.4%
EBITDA₹4,857 crore-12.7%
EBITDA Margin83.3%-410 bps

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