Reliance Industries September quarter net profit rises 9.6% YoY

The oil-to-retail conglomerate posted a consolidated net profit of Rs 18,165 crore in July-September quarter of current financial year

- OUR CORRESPONDENT

MUMBAI: Reliance Industries Ltd (RIL) on Friday reported a 9.6 per cent year-on-year rise in net profit for the September quarter, driven by strong performance in its consumer-facing retail and telecom businesses and a recovery in its core oil-to-chemicals segment.

However, higher inventory losses weighed on overall earnings, leading to a sequential decline compared to the previous quarter.

The oil-to-retail conglomerate posted a consolidated net profit of Rs 18,165 crore in July-September quarter of FY26 higher than Rs 16,563 crore in the same period a year back, the company said in a statement.

Profit, however, sequentially fell 33 per cent when compared with Rs 26,994 crore in the April-July quarter.

New customer addition and higher per user income together with its wireless broadband services becoming the world's largest helped post a 13 per cent year-on-year jump in telecom earnings, improving store operating matrix helped retail earnings soar 22 per cent. Improved refining margins and the highest-ever crude oil processing helped the O2C business.