Reliance Industries Profit Jumps 22% to Rs 25,548 Crore in Q2

Jio Platforms records 8% rise in net profit

Jio Platforms recorded a net profit of ₹8,389 crore for the second quarter, an 8% increase from the ₹7,765 crore reported in the prior year. Revenue for the period grew 3.3% to ₹40,475 crore from ₹39,173 crore.

EBITDA rose 5.3% to ₹20,901 crore from ₹19,840 crore in the previous year. The EBITDA margin expanded by 100 basis points to 51.6% compared to 50.6% in the previous year, according to ndtvprofit.com.

Jio subscriber base reaches 542 million

Jio Platforms reached a total subscriber base of 542 million, having added 36 million net users over the trailing twelve months. The average revenue per user increased to ₹218.8 during the quarter. Monthly per capita data consumption reached 44.2 GB in Q2 FY27, with total data traffic growing 22.1% year-on-year. The company maintained a monthly subscriber churn rate of 1.6%.

During the quarter, Jio Platforms exceeded 300 million 5G mobility subscribers alongside 30 million fixed broadband users. As of September 2026, the fixed broadband subscriber count hit 30.0 million. With 15.1 million users reached, Jio AirFiber was responsible for more than 75% of the 7.3 million net additions recorded over the previous year.

Reliance Retail revenue reaches Rs 91,716 crore

Reliance Retail reported gross revenue of ₹91,716 crore, a 6.4% year-on-year increase on a demerger-adjusted basis. Excluding one-time impairment charges, EBITDA dropped 8.6% year-on-year to ₹6,228 crore, while the margin saw a 120 basis point moderation to 7.8%. Depreciation rose 18.1% year-on-year to ₹1,820 crore due to the expansion of the asset base.

The company opened 303 stores and closed 222 during the quarter, bringing the total store count to 19,947 across 77.5 million square feet. Its premium and luxury portfolio spans over 1,000 exclusive brand stores, while AJIO Luxe expanded to 1,040 brands after adding 22 new ones.

Fashion and Lifestyle recorded 3% year-on-year like-for-like growth, while the distribution business saw a 20% year-on-year revenue increase. Consumer Electronics achieved 8% year-on-year like-for-like growth, and JioMart reported a 42% year-on-year revenue increase. B2B revenue grew 10% year-on-year, and the grocery segment recorded 3% year-on-year like-for-like growth.

PB Fintech profit surges 43% in Q2

PB Fintech reported a 43% increase in net profit to Rs 193 crore for the second quarter, according to NDTV Profit. The company also recorded a 38% rise in insurance premiums during the same period.

Reliance Industries plans Rs 15,000 crore NCD issuance

The board of Reliance Industries plans to raise Rs 15,000 crore through the issuance of non-convertible debentures, which may be executed in one or more tranches. The firm's net debt dropped to Rs 1.17 lakh crore by September 30, 2026, down from the Rs 1.23 lakh crore recorded at the conclusion of June.

Internal cash-flow generation helped the net debt-to-Ebitda ratio strengthen to 0.47 times, compared to 0.57 times previously.

JioStar revenue grows 10.1% year-on-year

The firm recorded an operating Ebitda of Rs 1,372 crore with a margin of 22.1%.

Global oil demand declines 3.4 mb/d

Global oil demand declined by 3.4 million barrels per day year-on-year to 102.5 million barrels per day, with drops in diesel, gasoline, and jet fuel demand.

Meanwhile, PET demand increased by 5.3% due to beverage sector demand during a weaker monsoon.

Reliance Industries capital expenditure hits Rs 38,153 crore

Capital expenditure for the quarter reached Rs 38,153 crore, as reported by ndtvprofit.com. Investments were directed toward oil-to-chemicals projects, retail network expansion, and new energy capacity.