RIL Q2 Results 2026: Revenue Surges 27.8% to ₹3.62 Lakh Crore, PAT Jumps 33.8% to ₹29,550 Crore as O2C and Digital Services Shine

Reliance Industries Limited (RIL) delivered its highest-ever quarterly financial performance for the quarter ended 30th September 2026, driven by a powerful rebound in its energy and telecom verticals. The conglomerate posted a consolidated gross revenue of ₹362,268 crore, marking a 27.8% year-on-year growth.

Consolidated Profit After Tax (PAT) accelerated by 33.8% year-on-year to reach a record ₹29,550 crore, pushing the half-year PAT past the ₹50,000 crore milestone to stand at ₹52,746 crore.

Oil-to-Chemicals (O2C) Leads Segment Revenue and Profit Surge

The Oil-to-Chemicals (O2C) segment registered phenomenal growth, anchoring the conglomerate's overall earnings expansion.

• Revenue: Reached ₹231,601 crore, up 44.2% year-on-year from ₹160,558 crore, propelled by high energy prices and tightening global refining markets.
• Profit/EBITDA: Surged by 67.9% year-on-year to ₹25,203 crore compared to ₹15,008 crore in the corresponding quarter of the previous year.
• Growth Drivers: Unprecedented strength in transportation fuel cracks (up 3–3.7x) and a three-year high in polyester chain margins bolstered performance.
  
  Digital Services (Jio Platforms) Post Robust Double-Digit Expansion
  
  Jio Platforms Limited (JPL) maintained strong momentum across its connectivity and digital portfolio.
• Revenue: Gross revenue grew by 11.3% year-on-year to ₹47,485 crore, while operating revenue (revenue from operations) rose 11.4% to ₹40,475 crore.
• Profit/EBITDA: Increased by 16.6% year-on-year to ₹21,879 crore, up from ₹18,757 crore. Profit After Tax (PAT) for JPL grew 13.7% year-on-year to ₹8,387 crore.
• Growth Drivers: Steady subscriber additions, ARPU growth (reaching ₹218.8), and operating leverage expanded EBITDA margins by 250 basis points to 54.1%. Jio crossed 30 million fixed broadband users and 300 million 5G mobility subscribers.
  
  Reliance Retail Ventures (RRVL) Navigates Festive Shift
  
  Reliance Retail Ventures Limited (RRVL) recorded steady expansion despite temporary headwinds from the festive calendar shifting into the third quarter.
• Revenue: Gross revenue grew 6.4% year-on-year (adjusted for the consumer brands demerger) to ₹91,716 crore, while revenue from operations rose 5.8% to ₹80,220 crore.
• Profit/EBITDA: EBITDA before one-time impairment charges stood at ₹6,228 crore, reflecting an 8.6% decline year-on-year due to planned investments in digital commerce and absorbed input-cost inflation. Profit After Tax (PAT) stood at ₹2,611 crore, down 24.3% year-on-year.
• Growth Drivers: Strong transactions growth (up 7% year-on-year) and a 42% revenue surge in JioMart underscored continued customer engagement.
  

Oil and Gas Segment Maintains Stable Earnings

The Oil and Gas Exploration and Production segment delivered steady operational output despite minor price realignments.

• Revenue: Stood at ₹6,020 crore, marginally lower by 0.6% year-on-year from ₹6,058 crore, impacted by lower KG D6 gas production and price realization.
• Profit/EBITDA: Decreased by 2.0% year-on-year to ₹4,901 crore compared to ₹5,002 crore, though earnings were cushioned by favorable exchange rate movements.
  
  JioStar Business Reports Steady Topline Gains
  
  The JioStar media and entertainment venture navigated a softer advertising environment while posting solid operational scale.
• Revenue: Gross revenue reached ₹7,944 crore (up 9.8% year-on-year), while revenue from operations grew 10.1% year-on-year to ₹6,806 crore.
• Profit/EBITDA: EBITDA from operations stood at ₹1,372 crore, registering a 10.5% decrease year-on-year from ₹1,533 crore. Total segment EBITDA came in at ₹1,502 crore.
• Growth Drivers: JioHotstar averaged approximately 440 million monthly active users (MAUs), supported by massive digital engagement across international expansions and major entertainment franchises like Bigg Boss.