Mumbai, Oct 17 (NationPress) Reliance Industries (RIL) reported a notable 14.3 per cent rise in net profit, reaching Rs 22,092 crore for the July-September quarter (Q2) of 2025-26, compared to Rs 19,323 crore in the same quarter of the previous financial year.

The company, led by Mukesh Ambani, achieved a 9.9 per cent growth in gross revenue, totaling Rs 2,83,548 crore during this quarter compared to the same period last year, as stated in a company announcement.

Jio Platforms Ltd experienced a 14.9 per cent year-on-year increase, driven by exceptional subscriber growth in both mobility and home services, a sustained rise in ARPU, and ongoing enhancements in digital service offerings.

Revenue from Reliance Retail surged by 18 per cent, showcasing substantial growth across various consumption categories. Notably, grocery and fashion segments excelled, growing 23 per cent and 22 per cent respectively, while consumer electronics posted an 18 per cent YoY growth, supported by GST rate reductions and new product launches.

Additionally, the company’s Oil to Chemicals (O2C) revenue rose by 3.2 per cent year-on-year, with production meant for sale increasing by 2.3 per cent YoY.

In contrast, revenue from the Oil and Gas segment fell by 2.6 per cent YoY, primarily due to the natural decline in production at KGD6 and lower prices for condensate. However, this was somewhat mitigated by improved gas price realizations at KGD6 and higher volumes of CBM.

Commenting on the results, Mukesh D. Ambani, Chairman and Managing Director of Reliance Industries Limited, stated: "Reliance achieved a strong performance in 2QFY26, primarily driven by significant contributions from O2C, Jio, and retail sectors. The consolidated EBITDA grew by 14.6 per cent year-on-year, reflecting agile operations, a domestic-focused portfolio, and structural growth in the Indian economy."

He further emphasized that the digital services sector continues to expand with a positive trend in subscriber growth across home and mobility services, thanks to Jio’s network and technological leadership. Jio’s innovative radio solutions and widespread stand-alone 5G network have enabled it to deliver broadband connectivity to households nationwide. The company is continuously enhancing its capabilities with pioneering systems and platforms, ensuring that all Indians benefit from the rapidly evolving technological landscape.

"I am pleased to highlight the growth trajectory of our Retail business. All formats experienced increased volumes, driving significant growth in both revenue and EBITDA. Our quick hyperlocal delivery model has also seen a sustained uptick. Recent progressive reforms in the GST regime have further supported ongoing consumption-led growth,” said Ambani.

The O2C business demonstrated strong year-on-year growth despite ongoing fluctuations in energy markets. Fuel margins improved from last year, driven by the recovery of middle distillate cracks. However, the downstream chemicals sector continues to face challenges due to overcapacity. Corrective measures from industry stakeholders are expected to help balance global downstream markets in the medium term, he added.