Reliance Industries Q1 Results: Profits Surge 76% Y-O-Y – Top Key Takeaways

Reliance Industries Q1 Results: Reliance Industries Ltd (RIL) on July 18, 2025 reported its highest-ever consolidated quarterly earnings before interest tax depreciation and amortisation (Ebitda) and net profit for the April-June 2025 quarter, led by strong growth in digital and retail segments and a one-time gain from the sale of its stake in Asian Paints.

Chairman and managing director Mukesh Ambani said, “Consolidated Ebitda for Q1 FY26 improved strongly from a year-ago period, despite significant volatility in global macros.”

Here are the key takeaways from Reliance Industries’ Q1 FY26 results.

Financial Performance (Consolidated)

RIL reported a 6 per cent year-on-year (y-o-y) growth in consolidated revenue at Rs 2.73 lakh crore. Ebitda rose 35.7 per cent y-o-y to Rs 58,024 crore, its highest-ever quarterly figure for the company.

Net profit surged 76.5 per cent y-o-y to Rs 30,783 crore, led by the Rs 8,924 crore Asian Paints stake sale. The company’s Ebitda margin expanded by 460 basis points to 21.2 per cent.

Jio Platforms: Subscriber and ARPU Growth

Jio Platforms' revenue grew 18.80 per cent y-o-y to Rs 41,054 crore and Ebitda increased 23.90 per cent y-o-y to Rs 18,135 crore. The subscriber base rose to 498 million, including 213 million 5G users and 20 million fixed-line home broadband connections.

Average revenue per user (ARPU) improved to Rs 208.80, a 14.90 per cent y-o-y growth. New service launches during the quarter included JioGames Cloud and JioPC.

Reliance Retail: New Store Additions

Reliance Retail posted an 11.30 per cent y-o-y growth in revenue to Rs 84,171 crore, up 12.70 per cent y-o-y to Rs 6,381 crore, with margins improving to 8.70 per cent.

The business added 388 new stores during the quarter. The total count now stands at 19,592, as of the June quarter. While grocery and fashion segments saw strong performance, electronics sales were impacted by the early onset of monsoon. JioMart Quick registered 175 per cent y-o-y growth in daily orders.

Oil-to-Chemicals: Margins Improve Despite Dip In Revenue

The oil-to-chemicals (O2C) segment posted a 1.50 per cent y-o-y decline in revenue to Rs 1.55 lakh crore, as lower crude prices and planned maintenance impacted volumes. However, Ebitda for the segment increased 10.80 per cent to Rs 14,511 crore, led by improved domestic fuel margins and better realisations in petrochemical products.

Jio-bp expanded its fuel retail network to 1,991 outlets and reported strong y-o-y growth in fuel volumes.

Oil & Gas: Production Decline Impacts Revenue

The Oil & Gas segment saw revenue decline 1.20 per cent y-o-y to Rs 6,103 crore, and Ebitda fell 4.10 per cent to Rs 4,996 crore. The performance was affected by lower KGD6 gas production and reduced coal bed methane (CBM) gas realisations. Average KGD6 gas price rose to $9.97 per MMBTU compared to $9.27 a year ago.

KG D6 gas is the natural gas produced from the Krishna-Godavari D6 block, an offshore deepwater gas field operated by RIL off the east coast of India.

JioStar Media: Record-Breaking IPL Drives Viewership

JioStar, RIL’s media and entertainment business, posted revenue of Rs 11,222 crore and Ebitda of Rs 1,017 crore. The quarter saw the highest-ever viewership for IPL.

Digital platform JioHotstar reached a peak concurrency of 55.20 million during the final match. The platform recorded over 460 million monthly active users during the quarter.

Capital Expenditure and Balance Sheet

RIL spent Rs 29,875 crore during the June quarter to fund its growth plans. The company’s net debt stayed mostly unchanged at Rs 1.17 lakh crore, while stronger earnings helped improve the net debt-to- Ebitda ratio to 0.51x.