Mukesh Ambani's Largest Conglomerate Q1 FY26 Results: Profit Surges 78.32% as Promotor See's Double Business Every 4-5 Years

DSIJ Intelligence-2 / 19 Jul 2025/ Categories: Mindshare, Quarterly Results, Trending

Mukesh Ambani's Largest Conglomerate Q1 FY26 Results: Profit Surges 78.32% as Promotor See's Double Business Every 4-5 Years

On a YTD basis, the stock price is up by 20 per cent while in the last 12 months it has declined by 6.98 per cent.

As of July 18, 2025, RIL shares on NSE closed at Rs 1,476, down 0.03 per cent, with an open of Rs 1,484.80, high of Rs 1,484.80, and low of Rs 1,469.10 on a volume of 10,296,318 shares.

Reliance Industries Reports Record Earnings in Q1 FY26

Reliance Industries Limited (RIL) announced its consolidated and standalone unaudited financial results for the quarter ended June 30, 2025, posting its highest-ever consolidated quarterly EBITDA and net profit. Consolidated gross revenue rose 6.0 per cent year-on-year (YoY) to Rs 2,73,252 crore (USD 31.9 billion). EBITDA jumped 35.7 per cent YoY to Rs 58,024 crore (USD 6.8 billion), with an EBITDA margin of 21.2 per cent. 

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Profit After Tax (PAT) and share of profit/(loss) of associates and joint ventures surged 76.5 per cent YoY to Rs 30,783 crore (USD 3.6 billion). Capital expenditure stood at Rs 29,875 crore (USD 3.5 billion), and other income included Rs 8,924 crore from the sale of listed investments. Excluding this gain, EBITDA and PAT still rose 15 per cent and 25 per cent YoY, respectively. 

Depreciation increased 1.8 per cent YoY to Rs 13,842 crore (USD 1.6 billion), finance costs rose 18.9 per cent YoY to Rs 7,036 crore (USD 820 million), and tax expenses were up 11.7 per cent YoY at Rs 6,465 crore (USD 754 million). Net debt was Rs 1,17,581 crore, with outstanding debt at Rs 3,38,432 crore and cash reserves of Rs 2,20,851 crore.

Jio Platforms: Subscriber Growth and Revenue Expansion

Jio Platforms Limited (JPL) delivered strong performance with revenue of Rs 41,054 crore, an 18.8 per cent YoY increase. EBITDA rose 23.9 per cent YoY to Rs 18,135 crore, with margins improving by 210 basis points. Jio surpassed 200 million 5G users, reaching 213 million subscribers and 20 million home connections. 

JioAirFiber became the world’s largest Fixed Wireless Access (FWA) service with 7.4 million subscribers. Net additions were 9.9 million, bringing the total customer base to 498 million. Average Revenue Per User (ARPU) increased 14.9 per cent YoY to Rs 208.8, data traffic rose 24 per cent YoY to 54.7 billion GB, and voice traffic was up 4.9 per cent YoY at 1.49 trillion minutes. Monthly home connections accelerated to 1 million.

Reliance Retail: Expanding Footprint and Customer Base

Reliance Retail Ventures Limited (RRVL) reported revenue of Rs 84,171 crore, up 11.3 per cent YoY, and EBITDA of Rs 6,381 crore, a 12.7 per cent YoY rise. The EBITDA margin improved by 20 basis points to 8.7 per cent. RRVL added 388 new stores, taking its total to 19,592 across 77.6 million square feet. Its registered customer base rose 13.3 per cent YoY to 358 million. 

JioMart’s hyperlocal daily orders grew 175 per cent YoY and 68 per cent quarter-on-quarter. AJIO expanded its catalogue 44 per cent YoY to 2.6 million products, AJIO Luxe grew its brand portfolio 17 per cent YoY to 875 brands, and categories like Home and Personal Care rose 25 per cent YoY, with Hot Beverages, Dry Fruits, and Nuts each up 20 per cent YoY.

Oil-to-Chemicals and Oil & Gas Performance

The Oil-to-Chemicals (O2C) segment reported revenue of Rs 1,54,804 crore (USD 18.1 billion), down 1.5 per cent YoY due to lower crude prices and planned shutdowns. O2C EBITDA increased 10.8 per cent YoY to Rs 14,511 crore (USD 1.7 billion), supported by better domestic fuel retail margins and improved polypropylene (PP) and polyvinyl chloride (PVC) deltas. 

Jio-bp operated 1,991 outlets, with transportation fuel volumes for MS and HSD up 38.6 per cent and 34.2 per cent, respectively. Total throughput stood at 19.1 million metric tons. The Oil and Gas segment revenue fell 1.2 per cent YoY, with EBITDA down 4.1 per cent YoY due to lower KGD6 gas volumes and pricing, partly offset by better price realizations.

Stock Performance

On a YTD basis, the stock price is up by 20 per cent while in the last 12 months it has declined by 6.98 per cent.

Company Overview

RIL operates across oil-to-chemicals, digital services via Jio Platforms, and retail through RRVL. The company is expanding into green energy and generative AI as part of its growth strategy.

Disclaimer: This article is for informational purposes only and not investment advice.