Reliance Industries Q4 Profit Rs 20,589 Cr; Rs 6 Dividend Declared
Synopsis
Reliance Industries posted a record full-year net profit of Rs 95,610 crore in FY26, even as Q4 profit dipped 8.9% YoY. Jio crossed 524 million subscribers with 268 million on 5G, and Mukesh Ambani confirmed progress on the landmark Jio Platforms IPO, a move that could reshape India's digital investment landscape.
Key Takeaways
Reliance Industries reported a Q4 net profit of Rs 20,589 crore for January-March 2025-26 , down 8.9 per cent year-on-year .
A dividend of Rs 6 per share was declared for shareholders alongside the quarterly results.
Full-year FY2025-26 consolidated net profit hit a record Rs 95,610 crore , up 18.3 per cent over FY25.
Jio Platforms crossed 524 million subscribers , including 268 million Jio True 5G customers , with EBITDA rising 17.9 per cent to Rs 20,060 crore .
Reliance Retail store count crossed the 20,000 mark , with quarterly EBITDA at Rs 6,921 crore .
Mukesh Ambani confirmed progress on the listing of Jio Platforms , describing it as a defining milestone for India's digital future.
Reliance Industries Limited (RIL), led by Mukesh Ambani, reported a net profit of Rs 20,589 crore for the fourth quarter (January-March) of financial year 2025-26, while announcing a dividend of Rs 6 per share for shareholders. The results, declared on Friday, April 25, 2025, in Mumbai, reflect the conglomerate's sustained dominance across energy, digital, and retail sectors despite a year-on-year dip in quarterly profit.
Q4 Financial Performance at a Glance
RIL's profit after tax, including the share of profit or loss from associates and joint ventures, registered an 8.9 per cent decline year-on-year during the quarter. However, the company's gross revenue surged 12.9 per cent year-on-year to Rs 3,25,290 crore in Q4, driven by strong momentum across its Oil-to-Chemicals (O2C), Digital Services, and Retail segments, each posting double-digit revenue growth.
The Oil and Gas segment was the lone underperformer, with revenue declining in line with the natural production drop at the KG D6 block. The company's capital expenditure for the quarter stood at Rs 40,560 crore, reflecting continued investment in growth infrastructure.
Record Full-Year Profit Marks Historic Milestone
Reliance Industries closed FY2025-26 with a record consolidated net profit of Rs 95,610 crore, representing an 18.3 per cent increase over the previous financial year. Capital expenditure for the full year ended March 31, 2026, stood at Rs 1,44,271 crore (approximately $15.2 billion), underscoring the group's aggressive expansion across O2C, New Energy, Jio, and Retail verticals.
This record profit places RIL firmly among the most profitable corporations in Asia, reinforcing its position as India's most valuable company by market capitalisation. The scale of capex also signals that Ambani's diversification into green energy and next-generation digital infrastructure is entering an accelerated phase.
Jio Platforms: 5G Momentum and Upcoming Listing
Jio Platforms posted an EBITDA of Rs 20,060 crore in Q4, a 17.9 per cent year-on-year increase, with margins expanding by 230 basis points. The platform now serves a total subscriber base of over 524 million, with 268 million customers on Jio True 5G, one of the largest 5G user bases globally.
In a significant strategic announcement, Mukesh D. Ambani, Chairman and Managing Director of Reliance Industries, confirmed progress toward the listing of Jio Platforms, calling it a defining milestone. He stated that robust full-year EBITDA growth of 19 per cent was driven by continuing traction in mobility, home broadband and enterprise services. Ambani also highlighted Jio's ambition to democratise access to AI tools and next-generation technology platforms, positioning it as a cornerstone of India's digital future.
The Jio IPO, when it materialises, is widely expected to be one of the largest public offerings in Indian market history, potentially unlocking massive value for shareholders and reshaping the domestic telecom and tech investment landscape.
Reliance Retail Crosses 20,000 Store Milestone
Reliance Retail recorded a 3.1 per cent year-on-year rise in EBITDA to Rs 6,921 crore for Q4, while its store count surpassed the 20,000 mark, a landmark in Indian organised retail. This expansion cements Reliance Retail's position as the country's largest retailer by both store count and revenue, significantly ahead of domestic and international competitors.
The retail segment's measured EBITDA growth, while modest compared to Jio, reflects the capital-intensive nature of physical retail expansion and ongoing investments in supply chain and digital commerce integration.
New Energy, AI and Shareholder Value Outlook
Beyond the headline numbers, RIL's FY26 results carry deeper strategic signals. The company's Rs 1,44,271 crore capex, spread across O2C upgrades, New Energy projects including solar and hydrogen, and digital infrastructure, positions it at the intersection of India's energy transition and digital economy ambitions. This aligns with the Indian government's broader push for energy self-sufficiency and AI-led economic growth.
Analysts note that while RIL's revenue and profit growth are impressive, the 8.9 per cent quarterly profit decline warrants scrutiny, particularly as the O2C segment faces global headwinds from fluctuating crude prices and refining margins. The KG D6 production decline also raises questions about the medium-term contribution of the upstream oil and gas business.
With the Jio Platforms listing on the horizon and New Energy projects nearing execution milestones, Reliance Industries is poised for a transformative phase that could redefine its valuation and investor profile in the coming financial year.
Point of View
610 crore annual profit is not merely a corporate milestone, it is a statement of strategic intent. While the quarterly profit dip of 8.9 per cent will draw scrutiny, the real story is Ambani's deliberate pivot from a hydrocarbons giant to a diversified technology-energy-retail conglomerate. The confirmation of Jio's listing is the most consequential signal, as it will unlock shareholder value on a scale India has rarely seen while stress-testing whether Jio's valuation can withstand public market scrutiny. With Rs 1.44 lakh crore in annual capex, RIL is essentially building the infrastructure backbone of India's next decade, a private bet on a public future.
NationPress
1 May 2026
Frequently Asked Questions
What is Reliance Industries Q4 net profit for FY2025-26?
Reliance Industries reported a net profit of Rs 20,589 crore for Q4 (January-March) of FY2025-26. This represents an 8.9 per cent decline year-on-year, though gross revenue grew 12.9 per cent to Rs 3,25,290 crore in the same period.
What dividend has Reliance Industries declared for FY26?
Reliance Industries declared a dividend of Rs 6 per share for FY2025-26. The announcement was made alongside the Q4 results on April 25, 2025.
What is Jio Platforms subscriber base and 5G user count?
Jio Platforms has a total subscriber base of over 524 million as of Q4 FY26, with 268 million customers on Jio True 5G. The platform recorded a 17.9 per cent year-on-year EBITDA growth to Rs 20,060 crore in the quarter.
When is Jio Platforms expected to be listed on the stock market?
Mukesh Ambani confirmed in the Q4 FY26 earnings statement that Reliance is advancing steadily toward the listing of Jio Platforms, calling it a defining milestone. No specific date has been announced yet but the process is described as actively progressing.
What is Reliance Industries full-year profit for FY2025-26?
Reliance Industries posted a record consolidated net profit of Rs 95,610 crore for FY2025-26, an 18.3 per cent increase over the previous year. The company also spent Rs 1,44,271 crore (approximately $15.2 billion) in capital expenditure during the year.
