Reliance Industries Becomes 1st Indian Company to Reach $10 Billion Annual Profit Milestone

Reliance Industries reported a net profit of ₹95,610 crore for FY26, translating to about $10.15 billion, as per The CNBC TV-18 reports.  

This makes it the first Indian company to cross the $10 billion annual profit level. Profit after tax rose 18% from ₹80,787 crore in the previous financial year. 

Annual Revenue and Operating Figures 

The company recorded its highest-ever annual revenue during the year. Consolidated gross revenue stood at ₹11,75,919 crore, up 9.8% year-on-year.  

EBITDA rose 13.4% to ₹2,07,911 crore. In the March quarter, revenue was ₹3,25,290 crore, showing a 12.9% increase compared to a year earlier. 

Consumer Businesses Support Growth 

Retail and telecom operations continued to expand during the year. Reliance Retail crossed 20,000 stores, while Jio Platforms reported growth in earnings. These segments contributed to overall performance as energy-linked businesses saw pressure. 

March Quarter Profit Declines 

Quarterly profit showed a decline despite higher revenue. Net profit attributable to shareholders fell to ₹16,971 crore in Q4FY26, compared to ₹19,407 crore in the same quarter last year, a drop of 12.6%.  

The decline was linked to weakness in the oil-to-chemicals segment and higher operating costs. 

Comparison with Other Companies 

The scale of earnings remains higher than other large listed firms. HDFC Bank reported FY26 profit of ₹76,026 crore, or about $8.07 billion, up 7.4% year-on-year.  

State Bank of India has reported ₹63,656 crore profit for 9 months, with estimates indicating a full-year figure near ₹83,746 crore. 

Tata Consultancy Services (TCS) reported annual profit of ₹49,454 crore, equivalent to $5.25 billion. 

Market Position 

Reliance continues to hold the highest market valuation among Indian listed firms, with market capitalisation above ₹18 lakh crore. The stock has seen a correction of around 15% so far in 2026. 

Read More: Reliance Industries Eyes Green Ammonia Export Deals with Key Asian and European Markets! 

Reliance Industries Share Price Performance  

As of April 27, 2026, 10:21 am, Reliance Industries share price was trading at ₹1,338.50, up 0.81% from the previous closing price. 

Conclusion 

The FY26 results show record annual earnings alongside a weaker March quarter, with consumer businesses offsetting pressures in core segments. 

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