Reliance Q4 FY26 Results: Net Profit Falls 12.6% to ₹16,971 Crore, Revenue Rises 12.9%, ₹6 Dividend Announced

Reliance Industries reported mixed results for the January–March 2026 quarter. Consolidated net profit fell 12.6% year-on-year to ₹16,971 crore from ₹19,407 crore last year. However, revenue from operations increased 12.9% YoY to ₹2,98,621 crore. Gross revenue rose 13% to ₹3,25,290 crore, while EBITDA remained almost flat at ₹48,588 crore. EBITDA margin declined by 200 basis points to 14.9%.

For the full financial year FY26, net profit grew 16% to ₹80,775 crore, and revenue rose 9.75% to ₹10,75,675 crore. The company also announced a dividend of ₹6 per share.

Jio Platforms Shows Strong Growth

Jio Platforms delivered strong performance across revenue and profitability. Segment revenue rose 12.6% YoY to ₹38,259 crore, while profit increased 13% to ₹7,935 crore. EBITDA jumped 17.9% to ₹20,060 crore, and margin improved to 52.4%.

Average revenue per user (ARPU) increased to ₹214, and the subscriber base grew 7.4% YoY to 524.4 million. The company also confirmed that plans for the Jio IPO are moving forward.

Reliance Retail Faces Margin Pressure

Reliance Retail reported 11.1% YoY revenue growth to ₹87,344 crore, while profit rose slightly by 0.5% to ₹3,563 crore. EBITDA increased 3.1% to ₹6,921 crore, but margins fell to 7.9%.

The retail arm opened 181 new stores during the quarter, taking the total count to 20,160 stores.

Oil-to-Chemicals Business Hit by High Costs

The oil-to-chemicals segment recorded 12.4% YoY revenue growth to ₹1,84,944 crore. 

However, EBITDA declined 3.7%, and margins fell to 7.9%. Rising crude costs, higher freight and insurance expenses, and fuel price controls impacted profitability.

Oil & Gas Segment Declines

Revenue from the oil and gas segment fell 8.9% YoY to ₹5,867 crore due to lower gas production and reduced price realisation. EBITDA dropped 18.1%, and margins declined sharply.

New Energy Business Update

The company is progressing with its large renewable energy project in Kutch and has started solar manufacturing operations. It aims to achieve 20 GWp annual solar PV manufacturing capacity in the coming quarters.

Read More: Jubilant FoodWorks Share Price in Focus as Company Looks to Exit Dunkin’ India Franchise: Report! 

Reliance Industries Share Price Movement

Reliance Industries share price (NSE: RELIANCE) was trading at ₹1,350.30 on 27 April at 1:33 pm IST, up ₹22.50 or 1.69% for the day. The stock opened at ₹1,313.00 and touched an intraday high of ₹1,351.00 and a low of ₹1,311.00. Over the past year, the stock has moved between a 52-week high of ₹1,611.80 and a 52-week low of ₹1,290.00. Reliance offers a dividend yield of 0.41%, with a quarterly dividend amount of ₹1.38 per share.

Conclusion

Reliance delivered strong revenue growth and solid performance in telecom and retail, but profitability was affected by cost pressures in energy and O2C businesses. With the Jio IPO plans advancing and renewable energy projects expanding, the company continues to focus on long-term growth drivers.

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