BusinessReliance reports ₹29,550 crore Q2 profit as energy and Jio support growth
Quarterly gross revenue reached ₹3.62 lakh crore; Reuters said refining and digital performance offset weaker profitability in retail.
THE INDIQA Business DeskPublished 31 Oct 2026Updated 31 Oct 20262 min read
Reliance Industries reported profit after tax of ₹29,550 crore for the quarter ended September 2026, with gross revenue of ₹3,62,268 crore and EBITDA of ₹62,409 crore, according to the company’s financial reporting.
Reuters reported that stronger refining and petrochemical margins, record crude processing and continued growth at Jio were major contributors to the quarter. Reliance Retail remained a weaker part of the mix, reflecting higher costs and continued investment in digital commerce and delivery capacity.
The results matter because Reliance spans energy, telecom, retail and digital services, making its earnings a useful window into several parts of the Indian economy. Investors will watch whether energy margins remain supportive and whether heavy investment in consumer and digital businesses converts into stronger cash generation.
CIVIL SERVICES VIEWStudy this development
GS IIICorporate performance and India’s energy-digital economyPrelims: LowMains: MediumModerate
Why this matters
Reliance published its Q2 FY27 results and Reuters reported the earnings on 31 October.
Key facts
- Q2 FY27 gross revenue was ₹3,62,268 crore.
- Profit after tax was ₹29,550 crore.
- EBITDA was ₹62,409 crore.
Key terms
- Reliance Industries
- Jio
- EBITDA
- refining
- retail
Arguments, challenges and policy responses
- Diversification across energy and digital businesses
- Capital intensity and cash-generation trade-offs
India’s context
Reliance is one of India’s largest companies and operates across sectors central to consumption, connectivity and energy.
Keep in mind
Company-wide earnings should not be read as the performance of any single Reliance segment.
Practice question
What does Reliance’s diversified earnings mix reveal about structural changes in the Indian corporate economy?
Revision summary
- Reliance Q2 FY27 PAT was ₹29,550 crore.
- Gross revenue was ₹3,62,268 crore.
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