Reliance Q2 results: RIL posts record Rs 29,550 crore quarterly profit

NEW DELHI: Reliance Industries Limited (RIL) reported its highest-ever quarterly consolidated gross revenue in the July-September quarter of FY27, with revenue rising 27.8% year-on-year to Rs 3,62,268 crore. The company's profit increased 33.8% to Rs 29,550 crore, marking its highest quarterly profit on a recurring basis.The company's consolidated earnings before interest, tax, depreciation and amortisation (EBITDA) also touched a record high of Rs 62,409 crore, up 23.9% from Rs 50,367 crore in the corresponding quarter last year, according to its media release filed with the stock exchanges.Reliance's consolidated profit for the first half of FY27 crossed the Rs 50,000 crore mark, reaching Rs 52,746 crore, also a record on a recurring basis.O2C business delivers record performanceThe oil-to-chemicals (O2C) business emerged as a key contributor to the quarterly performance, delivering its best-ever results.

Segment EBITDA surged 67.9% year-on-year to Rs 25,203 crore, while revenue rose 44.2% to Rs 2,31,601 crore. The growth was supported by stronger transportation fuel refining margins and improved petrochemical margins amid global supply disruptions."Our O2C business delivered a particularly strong performance this quarter, led by tight fuel markets, improved downstream petrochemical deltas and firm domestic demand," said Mukesh Ambani, chairman and managing director of Reliance Industries.Reliance Retail revenue grows 6.4%Reliance Retail Ventures recorded a 6.4% year-on-year increase in gross revenue to Rs 91,716 crore.

However, its EBITDA before a one-time impairment charge fell 8.6% to Rs 6,228 crore. The decline reflected investments in digital commerce, higher input costs and the shift of major festivals to the third quarter.JioMart continued to expand its business, registering 42% revenue growth compared with the corresponding period last year.Reliance's oil and gas exploration business reported revenue of Rs 6,020 crore, down 0.6% year-on-year.

EBITDA declined 2% to Rs 4,901 crore, mainly due to lower KG-D6 gas production and price realisations."During 2Q FY27, our businesses delivered a strong performance despite a complex operating environment," Ambani said.Reliance's capital expenditure during the July-September quarter stood at Rs 38,153 crore. The spending was primarily directed towards O2C and New Energy projects, along with the expansion of its consumer businesses.On the debt front, the company's net debt stood at Rs 1,17,140 crore as of September 30, 2026, lower than Rs 1,22,914 crore recorded at the end of the preceding quarter.You use AI every day.

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