Reliance Industries Q3 FY26 results,RIL Q3 FY2025-26 Financial and Operational Performance

CONSOLIDATED RESULTS OF RELIANCE INDUSTRIES LIMITED FOR THE QUARTER ENDED 31ST DECEMBER, 2025”.

The following are the key points in this regard for your easy reference:

Reliance Industries Q3 FY26 results

Consolidated

•          Reliance posted consolidated revenues at ₹293,829 crore ($32.7 billion), up 10.0% YoY, supported by strong revenue growth across businesses 

•          Reliance’s consolidated EBITDA increased by 6.1% Y-o-Y to ₹50,932 crore ($5.7 billion) with strong contribution from O2C and Jio, while Oil & Gas stagnated 

•          Reliance’s consolidated Profit After Tax and Share of Profit/(Loss) of Associates & JVs increased by 1.6% Y-o-Y to ₹22,290 crore ($2.5 billion) 

•          Capital Expenditure for the quarter ended December 31, 2025, was ₹33,826 crore ($3.8 billion) covered well by cash profit of ₹ 41,303 crore. 

•          The capex was driven by investments in ongoing growth projects in O2C and New Energy businesses; and continued capital outlay towards strengthening and expansion of the Jio and Retail network and infrastructure.

•          RIL’s consolidated Net Debt as of 31st December 2025 was marginally down at ₹117,102 crore as against ₹118,545 crore on 30th September 2025 

Jio Platforms

•          Digital Services revenue at ₹ 43,683 crore up 12.7% YoY, with accelerated subscriber addition. Jio Platforms’ EBIDTA for quarter increased by 16.4% Y-o-Y to ₹19,303 crore with 170 bps expansion in margins.

•          Jio’s net profit for the quarter grew 11.2% Y-o-Y to ₹7,629 crore  

•          Jio’s net subscriber addition stood at 8.9 million during the quarter. Jio’s total subscriber base reached 515.3 million as of Dec ‘25  

•          JioTrue5G user base crossed milestone of 250 million to 253 million as of December 2025. 5G now accounts for ~53% of total wireless traffic driven by consistent growth in user engagement  

•          During the quarter, total connected premises with fixed broadband increased to 25.3 million. JioAirFiber continued to accelerate the pace of subscriber additions with a base of over 11.5 million as of December 2025  

•          Jio launched the Jio-Gemini offer during the quarter and expanded eligibility for all unlimited 5G users. Every eligible user would get free access to 18-month subscription of Gemini Pro plan valued at ₹ 35,100  

•          Jio also announced the availability of YouTube Premium for JioHome prepaid users above ₹1,499 monthly plans which would allow users to enjoy ad-free, offline, background viewing of YouTube content on large screen along with YouTube Music Premium 

•          JioAICloud continued to grow its user base with ~50 million registered users as of December 2025 with a targeted campaign focused on youth and students 

•          Jio’s ARPU increased further to ₹213.7 with higher customer engagement, partly offset by promotional offers for unlimited 5G and Fixed Broadband services  

•          Jio maintained its industry leading customer engagement with per capita data consumption of 40.7 GB/month, and total data traffic growth of 34% Y-o-Y to 62.3 billion GB during the quarter  

Reliance Retail

•          Reliance Retail delivered steady performance with revenue of ₹97,605 crore, up 8.1% Y-o-Y. Distribution of festive demand over 2Q and 3Q, demerger of RCPL and GST rationalization impacted revenues.

•          Reliance Retail’s EBITDA stood at ₹6,915 crore which was up 1.3% Y-o-Y; EBITDA margin stood at 8.0% 

•          Retail expanded its store network with 431 new store openings taking the total store count to 19,979 with area under operation at 78.1 million sq. ft. 

•          Number of transactions during the quarter crossed the milestone of 500 million with a sharp 47.6% Y-o-Y jump. While the registered customer base grew to 378 million, making Reliance Retail one of the most preferred retailers in the country.  

•          JioMart crossed exit daily orders of 1.6 million and recorded 53% Q-o-Q and 360%+ Y-o-Y growth in average daily orders, establishing itself as the fastest-growing player in hyper-local commerce 

O2C

•          Reliance’s O2C Segment Revenue for the quarter was up 8.4% Y-o-Y to ₹162,095 crore ($18.0 billion). 

•          Production meant for sale increased by 1.7% on a Y-o-Y basis. 

•          Fuel retailing operations through Jio-bp expanded its network by 14% Y-o-Y to 2,125 outlets, driving volume growth of 24.7% for HSD and 20.8% for MS as against industry sales volume growth rate of 3.1% for HSD and 5.5% for MS. 

•          Reliance’s O2C segment EBITDA for the quarter increased by 14.6% Y-o-Y to ₹16,507 crore ($1.8 billion) due to sharp increase in transportation fuel cracks and higher Sulphur realisation partially offset by weakness in downstream chemical margins and higher feedstock freight rates. Favourable ethane cracking economics and domestic market placements continued to support profitability. 

Oil & Gas

•          The Oil & Gas segment revenue for the quarter was lower by 8.4% Y-o-Y at ₹5,833 crore ($649 million) mainly on account of lower volumes and price realisation for KGD6 gas and condensate.  

•          The Oil & Gas segment’s quarterly EBITDA declined by 12.7% on Y-o-Y basis to ₹ 4,857 crore on Y-o-Y basis following lower revenues and higher operating cost due to maintenance activities. 

•          The average KGD6 production for the 2Q FY26 is 26.1 MMSCMD of gas and 18,746 bbl / day of Oil / Condensate. The current rate of production is ~26.1 MMSCMD of gas and ~18,400 bbl / day of Oil / Condensate. 

JioStar

•          JioStar continued its strong operational performance with leadership across key platforms and genres

•          JioStar reported strong revenues of ₹ 8,010 crore with EBITDA (including other income) of ₹1,303 crore 

•          Television network reached over 830 million viewers, delivering over 60 billion hours of watch time. JioHotstar averaged 450 million Monthly Active Users (MAUs); up 13% Q-o-Q and almost on par with the IPL quarter (1Q FY26), clearly demonstrating the platform’s momentum. The network’s TV entertainment viewership share improved by 100 bps Y-o-Y to 34.6% share. 

•          JioHotstar delivered its highest-ever engagement in Q3 FY26 for entertainment content. JioStar properties delivered unmatched monetisation and consumption across Digital and Linear TV, cementing our position as the definitive home of live sports in India.