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Reliance Q4 results 2026: Reliance Industries (RIL), India's largest company in terms of market capitalisation, on Friday, 24 April, reported a 12.6% year-on-year (YoY) fall in its consolidated net profit (attributable to owners of the company) to ₹16,971 crore for the January-March quarter of the financial year 2026 (Q4FY26). In the corresponding quarter of the previous financial year (Q4FY25), the company's profit was ₹19,407 crore.

The Mukesh Ambani-led oil-to-telecom-to-retail conglomerate reported a 12.9% YoY rise in consolidated revenue from operations to ₹2,98,621 crore for the March quarter. In the same quarter of FY25, RIL's revenue was ₹2,64,573 crore.

RIL's gross revenue jumped by 13% YoY to ₹3,25,290 crore, while profit after tax (PAT) declined by 8.1% YoY to ₹20,616 crore.

Consolidated EBITDA for the quarter declined 0.3% YoY to ₹48,588 crore, while EBITDA margin shrank by 200 bps YoY to 14.9%.

"Strong business momentum across O2C (oil-to-chemicals), digital services and retail delivered double-digit revenue growth in each of these segments. Oil and gas segment revenue decreased in line with the natural decline in KG D6 gas production," said RIL.

For the entire financial year 2026, RIL's net profit stood at ₹80,775 crore, up 16% from ₹69,648 crore in FY25, while revenue from operations grew by 9.75% to ₹10,75,675 crore from ₹9,80,136 crore in the previous financial year.

"Through FY26, we faced geopolitical disruptions, volatile energy prices and shifting global trade patterns. These headwinds weighed on businesses across the world. India held its economic growth course through all this, as did Reliance. The breadth of our portfolio and strong domestic orientation helped navigate volatility in the external environment," said Mukesh Ambani, Chairman and Managing Director, Reliance Industries.

Meanwhile, Ambani hinted that the Jio IPO launch plan is on track.

"I am happy to note that we are advancing steadily towards the listing of Jio Platforms. This will mark a defining milestone in its journey as it continues to scale new heights and contribute to India’s digital future," said RIL Chairman.

Reliance's telecom arm- Jio Platforms- delivered a strong all-round show, with healthy growth in revenue and profitability.

Revenue from operations for the segment rose by 12.6% YoY to ₹38,259 crore, while PAT jumped 13% YoY to ₹7,935 crore. EBITDA saw a 17.9% YoY jump to ₹20,060 crore, and EBITDA margin climbed by 230 bps YoY to 52.4%.

Jio's ARPU (average revenue per user), or the revenue it earned, on average, from each user over a given period, increased to ₹214 from ₹213.7 QoQ and ₹206.2 YoY. Customer base expanded 7.4% YoY to ₹524.4 million from 515.3 million QoQ and 488.2 million YoY.

"Robust full-year EBITDA growth of 19% was driven by continuing traction in mobility, home broadband and enterprise services. As we work to democratize access to AI tools and next-generation technology platforms, Jio is well placed to shape how India communicates, computes and consumes content in the years ahead," said Ambani.

Margin pressure in the retail business persisted while profit saw modest growth on a yearly basis.

According to the company, revenue from operations for the segment saw a healthy 11.1% YoY rise to ₹87,344 crore, while PAT improved by 0.5% YoY to ₹3,563 crore.

EBITDA rose by 3.1% YoY to ₹6,921 crore, while EBITDA margin declined by 60 bps YoY to 7.9%.

Reliance Retail opened 181 stores during the quarter, taking the total store count to 20,160 with a total area of 78.3 million sq. ft. By the end of Q3FY26, the total number of stores stood at 19,979.

(This is a developing story. Please check back for fresh updates.)

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