Reliance Industries Q3 FY26 Earnings
Analysis based on 6 articles · First reported Jan 16, 2026 · Last updated Jan 16, 2026
The steady Q3 FY26 performance of Reliance Industries, particularly the strong growth in Reliance Industries — Jio and the expansion of Reliance Industries — Reliance Retail and Reliance Industries — Jio-bp, is likely to be viewed positively by the market. The company's continued investments in new energy and AI initiatives also signal future growth potential, which could support investor confidence.
Reliance Industries reported its Q3 FY26 earnings, showing a consolidated gross revenue increase of 10% year-on-year to Rs 2,93,829 crore and EBITDA growth of 6.1% to Rs 50,932 crore. Net profit attributable to shareholders saw a marginal 0.56% YoY increase to Rs 18,645 crore. Mukesh Ambani, Chairman and Managing Director, highlighted the consistent financial delivery and operational resilience across businesses. Reliance Industries — Jio demonstrated robust performance with 12.7% revenue growth and 16.4% EBITDA growth, driven by an expanding subscriber base, including 250 million 5G users. Reliance Industries — Reliance Retail recorded an 8.1% revenue increase and opened 431 new stores, bringing its total to 19,979. The Oil to Chemicals (O2C) segment saw an 8.4% revenue rise and 14.6% EBITDA increase, supported by strong fuel margins and the expansion of Reliance Industries — Jio-bp's fuel retailing network. The Oil and Gas segment, however, experienced declines in revenue and EBITDA due to lower volumes and prices. Capital expenditure for the quarter was Rs 33,826 crore, focused on growth projects in O2C, New Energy, and network expansion for Jio and Retail.
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