Reliance Industries Q2 Results FY26: Net Profit Up 14%, Jio and Retail Growth

Reliance Industries Q2 results 2025 declared that the consolidated net profit increased by 14.3% on a year-on-year basis to ₹22,092 crores. On the Reliance Industries Q2 results date, i.e., on Oct 17, 2025, Reliance Industries share price closed with a gain of 1.32% at ₹1,416.80.

In this blog, we’ll know all the key highlights of Reliance Industries Q2 results, including Jio, Retail, and Oil to Chemicals performance.

Reliance Industries Q2 Results 2025: Revenue and Cash Flow

• As per the Reliance Industries Q2 earnings release, the company reported a gross revenue of ₹2,83,548 crores for the second quarter of FY26, up 9.9% on a year-on-year basis.
• The company’s EBITDA improved by 14.6% YoY to ₹50,367 crores, with an EBITDA margin of 17.8%
• Capital expenditure in the second quarter of FY26 increased by 17.6% YoY to ₹40,010 crores.
• Cash & cash equivalents increased by 4.5% to ₹2,29,685 crores, while net debt rose by 1.8% to ₹1,18,545 crores.

Consolidated Metrics (in ₹ Cr)	Q2 FY26	Q2 FY25	YoY Change
Gross Revenue	2,83,548	2,58,027	9.9%
EBITDA	50,367	43,934	14.6%
EBITDA Margin (%)	17.8	17.0	80 bps
Profit After Tax	22,146	19,101	15.9%
Profit After Tax (including Associates & JVs portion)	22,092	19,323	14.3%
Capital Expenditure	40,010	34,022	17.6%
Outstanding Debt	3,48,230	3,36,337	3.5%
Cash & Cash Equivalents	2,29,685	2,19,899	4.5%
Net Debt	1,18,545	1,16,438	1.8%

Reliance Industries Q2 Results: Jio Platforms

• Quarterly Revenue: As per the Reliance Industries Q2 results FY26, quarterly revenue of Jio Platforms Limited reached ₹42,652 crores, up 14.9% YoY.
• Quarterly EBITDA: Jio Platforms stood at ₹18,757 crores, up 17.7% YoY, showcasing robust operational performance.
• Jio Subscriber Base: Jio crossed the milestone of 50 crore subscribers, with a total base of over 50.6 crore as of September 25.
• Jio AirFiber Rollout: The Jio AirFiber rollout continued, and it is connecting over 10 lakh new homes every month. Jio AirFiber strengthened its global leadership with 95 lakh subscribers.
• Data Traffic: Total data traffic grew 29.8% YoY to over 58 Exabytes, with 5G accounting for more than 50% of wireless traffic.

Reliance Industries Q2 Results: Reliance Retail

• Revenue Growth: Reliance Retail Ventures Limited delivered a robust quarterly performance with revenue of ₹90,018 crores, up 18% YoY in the Q2 FY26.
• Segment Performance: Grocery and Fashion & Lifestyle businesses led the growth, rising 23% and 22% YoY respectively, driven by festive buying. Consumer Electronics grew 18% YoY, driven by GST rate reductions and new launches.
• EBITDA Performance: The company reported EBITDA of ₹6,816 crores, up 16.5% YoY.
• Store Network: Reliance Retail added 412 new stores, bringing the total to 19,821 stores with an area under operation of 77.8 million sq. ft.
• Growing Customer Base: The registered customer base grew to 36.9 crores, positioning Reliance Retail as one of the most preferred brands in India.

Reliance Industries Q2 Results: Oil to Chemicals

• Revenue Growth: O2C Segment revenue in the second quarter of FY26 rose by 3.2% YoY to ₹1,60,558 crores as per Reliance Industries Q2 results FY26. Production meant for sale increased 2.3% YoY, supported by higher throughput in both primary and secondary units.
• Jio-bp: The Jio-bp network added 236 outlets YoY, bringing the total to 2,057 outlets. This expansion drove volume growth of 34% for HSD and 32% for MS.
• EBITDA Performance: O2C EBITDA increased 20.9% YoY to ₹15,008 crores. The growth was led by a sharp rebound in transportation fuel cracks and improved polymer margins, partially offset by weaker polyester chain deltas. Sustained higher volumes in domestic fuel retailing also supported the EBITDA growth.

Reliance Industries Q2 Results: Oil and Gas

• Revenue: The second quarter of FY26 saw revenue of the oil and gas (exploration and production) segment declining by 2.6% YoY, mainly due to the natural production decline in KGD6. Lower realizations for CBM gas and condensate also impacted revenues, partially offset by higher KGD6 gas prices and increased CBM gas volumes.
• EBITDA Performance: EBITDA declined 5.4% YoY to ₹5,002 crores, with a margin of 82.6%. The decline was driven by lower revenues and higher operating costs due to periodic maintenance activities.

Reliance Industries Q2 Results: JioStar

• Revenue & EBITDA: JioStar reported revenues of ₹7,232 crores and a record EBITDA of ₹1,738 crores, achieving an industry-leading margin of 28.1% in the second quarter of FY26.
• Expanding Reach: The network reached over 83 crore viewers, delivering more than 6,000 crore hours of watch time on television.
• JioHotstar Engagement: JioHotstar averaged 40 crore monthly active users during the quarter, demonstrating strong user stickiness post-IPL, driven by robust performance across Sports and Entertainment properties.
• Market Leadership: TV entertainment viewership share improved by 30 bps YoY to 34.5%, further solidifying JioStar as a preferred entertainment destination.

Reliance Industries Q2 Results 2025: Management Commentary

Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries Limited said, “Reliance delivered a robust performance during 2QFY26 led by strong contribution from O2C, Jio and Retail businesses. Consolidated EBITDA registered 14.6% growth on a Y-o-Y basis, reflecting agile business operations, domestic focused portfolio and structural growth in Indian economy.

Digital services business continues to scale-up with positive momentum in subscriber addition across homes and mobility services, driven by Jio’s network and technology leadership.

I am happy to highlight the growth momentum of our Retail business. All formats registered higher volume, propelling strong growth in both revenue and EBITDA. O2C business delivered robust growth on Y-o-Y basis, despite continued volatility in energy markets.

Our initiatives in the Al domain are aimed at ensuring Reliance stays at the forefront of evolving technologies and leverage these capabilities for the benefit of India and Indians.”

So, open free Demat Account today with SMC Global Securities to invest in India’s growth story and keep tracking the quarterly results.

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