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Reliance Q2: Profit surges 16% as all three engines fire

Mint Bangalore

|

October 18, 2025

fuel and other chemicals, benfitted from a sharp growth in fuel cracks—the difference between the price of crude oil and the fuel produced from it—during the quarter.

This was due to a fall in crude oil prices and an increase in demand for transportation fuels.

This helped improve Reliance’s gross refining margin (GRM), which is a key indicator of a refinery’s profitability. Every $1 per barrel increase in GRM will translate to a 2% increase in consolidated Ebitda and a 4% increase in net profit for Reliance Industries in 2026-27, as per JP Morgan analysts.

Revenue from the 02C business increased 3% on-year to ₹1.6 trillion in the second quarter, while Ebitda expanded 21% to ₹15,008 crore.

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Venu Srinivasan reappointed for life at Tata Trusts

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