Reliance Industries Q3 Results : India’s most valuable company, Reliance Industries Limited, announced the results for the October-December quarter (Q3) of the current financial year 2026. According to the results today, the company’s total revenue increased by 10% year-on-year to Rs 2.94 lakh crore in Q3 FY26 due to the strength of digital services, O2C and retail business. In the same period of the last financial year, the company’s revenue was Rs 2.67 lakh crore.
In the third quarter, the net profit of Reliance Industries increased by 1.6 percent on an annual basis to Rs 22,290 crore. Whereas profit before tax increased by 3.7 percent to Rs 29,697 crore.
The company’s consolidated EBITDA increased by 6.1 percent to Rs 50,932 crore in the third quarter. EBITDA was supported by earnings growth across multiple Digital Services and O2C segments.
The company’s oil to chemical (O2C) business has benefited from strong growth in transportation fuel cracks. Transportation fuel crack has seen an increase of 62-106 percent on an annual basis in the third quarter. O2C EBITDA grew by 15 percent at Rs 16,507 crore compared to last year.
Mukesh Ambani, Chairman and Managing Director of Reliance Industries Limited “Reliance’s consolidated performance in 3Q FY26 reflects consistent financial delivery and operational strength across all businesses,” it said in a statement on Friday.
Growth continues in Jio-BP fuel retailing business
Jio-BP fuel retailing business also maintained its growth momentum. Fuel volumes increased by 24 percent due to good growth in sales of gasoline and high-speed diesel. The retail network expanded further. At the end of December, 2,125 outlets of Jio-BP were operational, which is 14 percent more than a year ago.
Mukesh Ambani further said, “The strong growth in the O2C business has been driven by better demand-supply dynamics and operational flexibility coupled with higher fuel margins. I am pleased to share that our fuel retailing business has seen strong growth with the continued expansion of the Jio-bp network.”
Oil and gas business put pressure on overall performance
In contrast, the company’s oil and gas business has put pressure on its overall performance. Production at the KGD6 block was impacted by natural reservoir depletion and low realization as well as higher operating expenses related to periodic maintenance activities. The EBITDA of this segment declined by 13 percent to Rs 4,857 crore compared to last year. At the same time, its revenue declined by 8.4 percent to Rs 5,833 crore.
(Disclaimer: Network 18 Media & Investment Limited is owned by Independent Media Trust. Its beneficiary company is Reliance Industries.)
Disclaimer: The views expressed on Moneycontrol.com are the personal views of the experts. The website or management is not responsible for this. Money Control advises users to seek the advice of a certified expert before taking any investment decision.