Investment News · 31 October 2026 · 3 min read
In short: Reliance Industries, India’s most valuable company, reported results for July–September 2026 (Q2 FY27) on Friday evening, 30 October. Net profit hit a record ₹29,550 crore, up 33.8% from a year ago. Revenue rose 27.8% to ₹3,62,268 crore. The oil-to-chemicals business did most of the heavy lifting, Jio grew steadily, and retail profit fell 8.6%.
The key numbers
| Item | Q2 FY27 | Change vs last year |
|---|---|---|
| Gross revenue | ₹3,62,268 crore | +27.8% |
| EBITDA (operating profit) | ₹62,409 crore | +23.9% |
| Net profit | ₹29,550 crore | +33.8% |
| Oil-to-chemicals EBITDA | ₹25,203 crore | +67.9% |
| Jio Platforms revenue | ₹47,485 crore | +11.3% |
| Jio ARPU (avg revenue per user, per month) | ₹218.8 | up from ₹211.4 |
| Reliance Retail revenue | ₹91,716 crore | +6.4% |
| Retail EBITDA (before one-time charge) | ₹6,228 crore | -8.6% |
| Net debt (30 September) | ₹1,17,140 crore | down from ₹1,22,914 crore in June |
EBITDA means earnings before interest, tax, depreciation and amortisation. Think of it as the profit a business makes from its operations before loan and accounting costs.
What drove the quarter
- Refining and petrochemicals: strong margins pushed this segment to its best quarter ever.
- Jio: the customer base reached 54.24 crore (542.4 million), with 30 crore 5G users. Jio Platforms completed its ₹30,188 crore IPO on 28 October (our listing-day report).
- Retail: the company blamed higher input costs and festive shopping shifting into October–December for the dip in profit. JioMart revenue still grew 42%.
- Debt: net debt fell about 4.7% in the quarter, helped by IPO money and ₹27,500 crore of loans repaid early.
What it means for you
- If you hold Reliance shares directly or through Nifty or Sensex index funds, these results matter: Reliance is one of the biggest weights in both indices.
- A rising Jio ARPU means each customer is paying more on average. Mobile tariffs are a household cost worth watching.
- One strong quarter does not tell you where a share price will go. Markets reopen on Monday, 2 November, and will react then.
- New to stock investing? Start with our Learn section before picking individual shares.
Sources
- Asianet Newsable: Reliance posts record Q2 profit of ₹29,550 crore
- Whalesbook: Reliance Q2 profit up 34%, debt falls to ₹1.17 lakh crore
This is a news summary for education, not investment advice. Figures are as reported on or before 31 October 2026; check official sources before making decisions.