Reliance Industries has reported robust financial results for Q2 FY26, showcasing double-digit growth in revenue, EBITDA, and PAT across multiple business segments. The company’s diversified portfolio, including Jio Platforms, Retail, Oil to Chemicals (O2C), and New Energy, has driven consistent performance.
Additionally, the company has continued to expand its footprint in Artificial Intelligence (AI) and renewable energy sectors, setting the stage for long-term growth.
Reliance Industries recorded consolidated revenue of ₹2,83,548 crore for Q2 FY26, a 10% increase compared to the previous year. EBITDA rose by 14.6% YoY to ₹50,367 crore, while PAT reached ₹22,092 crore, reflecting a 14.3% growth. The growth was driven primarily by strong performances in Retail (+18% revenue) and Jio Platforms (+15% revenue), along with margin expansion across all business segments.
The O2C segment saw a 21% increase in EBITDA, bolstered by a recovery in fuel cracks. The Digital Services segment also performed well with a 17% rise in EBITDA, thanks to subscriber growth and improved margins. Retail posted a solid 16.3% rise in EBITDA, while the Exploration & Production (E&P) segment saw a decline of 5.4% due to natural field declines and weaker CBM pricing.
Jio Platforms continues to maintain its market leadership, with 506+ million subscribers and over 234 million 5G users. The company added 21 million 5G users in Q2 FY26 alone. With 23 million fixed broadband connections, Jio’s revenue crossed ₹36,000 crore in Q2, marking a 15% YoY growth. The company has also expanded its rural 5G traffic by 2.2x, offering low-latency services for government and enterprise applications.
Jio’s focus on AI-led innovations and device penetration, combined with initiatives like JioAirFiber, has further strengthened its position in the market. Jio Platforms' consolidated financials showed a 15% YoY revenue growth, with EBITDA rising by 18% to ₹18,757 crore and PAT growing by 13% to ₹7,375 crore.
Reliance’s commitment to Artificial Intelligence is evident with the launch of "Reliance Intelligence," aimed at providing trusted and affordable AI services to consumers, SMBs, and enterprises. The company is building AI data centres at its Jamnagar facility powered by green energy, and has partnered with Meta to leverage Llama for India-specific use cases. This strategic focus will enhance Reliance's AI capabilities and further its digital transformation.
Reliance is advancing its integrated green energy initiatives, including solar PV and battery giga-factories. The company has commissioned four solar PV module lines, with the first cell line commissioning expected soon. In addition, the 40 GWh battery giga-factory is progressing on schedule. These investments align with Reliance’s commitment to sustainability, targeting green hydrogen, green ammonia, and SAF as part of its future energy mix.
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On October 17, 2025, Reliance Industries share price opened at ₹1,401.00 on NSE, above the previous close of ₹1,398.30. During the day, it surged to ₹1,423.30 and dipped to ₹1,399.10. The stock closed at ₹1,416.80 by the end of the day. The stock registered a moderate gain of 1.32%.
Over the past week, it has moved up by 3.04%, over the past month, it has moved up by 0.13%, and over the past 3 months, it has declined by 3.65%.
Reliance Industries’ Q2 FY26 results demonstrate strong growth across its diverse business segments, with key highlights in Retail, Jio Platforms, and New Energy. The company’s commitment to AI and green energy further underscores its forward-looking vision. With double-digit revenue, EBITDA, and PAT growth, Reliance is well-positioned for sustained success in the coming quarters.
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Published on: Oct 18, 2025, 10:53 AM IST
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