All-round growth propels Reliance earnings by 9.7%

Beating expectations, sales jump 10% in Q2

- KRISHNA KANT

Reliance Industries reported a recovery in earnings growth in the July-September 2025 quarter (Q2FY26), driven by its telecom and digital services business and its legacy oils-to-chemicals (O2C) segment. The company also recorded an uptick in revenue growth, supported by faster expansion at its retail venture.

The conglomerate’s consolidated net profit attributable to owners (or shareholders) rose 9.7 per cent year-on-year to ₹18,165 crore in Q2FY26, from ₹16,563 crore a year earlier, but fell 32.7 percent sequentially from ₹26,994 crore in Q1FY26. The sharp quarter-on-quarter decline reflected a one-off gain of ₹8,924 crore from the sale of listed investments in Q1FY26.

Consolidated net sales increased 10 percent to ₹2.55 trillion in Q2FY26 from ₹2.32 trillion a year ago and rose 4.5 per cent sequentially from ₹2.44 trillion.

Reliance’s net profit slightly missed Bloomberg consensus estimates of around ₹18,900 crore, while net sales exceeded expectations, against the forecast of ₹2.49 trillion.