Winning Bizness Desk
Mumbai.Reliance Industries, India’s largest company by market value, reported a marginal rise in profit for the third quarter of FY26, even as revenue growth remained strong across most businesses. The company posted a consolidated net profit of ₹18,645 crore for the October–December quarter, up about 1 percent from ₹18,540 crore in the same period last year. Total income for the quarter stood at ₹2.74 lakh crore, compared to ₹2.48 lakh crore a year ago, reflecting steady expansion in its diversified operations.
Revenue growth led by core businesses
Reliance generated revenue of ₹2.94 lakh crore from products and services during the quarter, marking a year-on-year increase of 10.5 percent. In the corresponding quarter of the previous financial year, revenue was ₹2.67 lakh crore. The growth was supported by improved performance in digital services, retail and oil-to-chemicals, even as some pressure was seen in the oil and gas segment.
Jio posts strong profit and ARPU gains
Reliance Jio continued to deliver a robust performance on a consolidated basis. Its net profit rose 11.2 percent year-on-year to ₹7,629 crore in Q3FY26, compared with ₹6,861 crore in Q3FY25. Revenue grew 12.7 percent to ₹37,262 crore from ₹33,074 crore. Average revenue per user also improved, rising from ₹211.4 to ₹213.7 during the quarter, indicating stable subscriber monetisation.
Performance across other major segments
Reliance’s diversified business portfolio showed mixed but largely positive trends. Key segment-wise revenue performance included:
- Oil-to-chemicals revenue rose 8.7 percent to ₹1.62 lakh crore from ₹1.49 lakh crore
- Retail revenue increased 8.3 percent to ₹97,912 crore from ₹90,351 crore
- Digital services revenue climbed 12.3 percent to ₹44,653 crore from ₹39,733 crore
- Other businesses saw a sharp 46 percent jump to ₹17,868 crore from ₹12,236 crore
- Oil and gas revenue declined 8.4 percent to ₹5,833 crore from ₹6,370 crore
Stock movement and market position
Ahead of the Q3 results announcement, Reliance Industries shares closed marginally higher on Friday, January 16, ending at ₹1,461, up 0.15 percent. Over the past five days, the stock gained 0.17 percent, while it fell 5 percent over one month and 2 percent over six months. Since January 1 this year, the stock is down 7 percent, but it has risen 15 percent over the past year. The company’s market capitalisation stands at ₹19.72 lakh crore.
India’s largest private sector company
Reliance remains India’s biggest private sector enterprise, with operations spanning multiple sectors. Its key areas of business include:
- Hydrocarbon exploration and production
- Petroleum refining and marketing
- Petrochemicals and advanced materials
- Renewable energy initiatives
- Digital services through Jio platforms
- Retail operations across formats
The company’s diversified structure continues to cushion earnings, helping it navigate sector-specific challenges while maintaining steady long-term growth.
