Reliance Industries Limited reported a net profit of Rs 22,312 crore for Q4 FY26, up 13.8% year-on-year and beating the Bloomberg consensus estimate of Rs 20,400 crore. Revenue from operations grew 8.4% to Rs 2,44,800 crore, with the Jio Platforms and Reliance Retail businesses emerging as the primary growth engines while the traditional oil-to-chemicals segment faced margin pressure from volatile global petrochemical spreads.
Jio Platforms reported its highest-ever quarterly EBITDA of Rs 16,210 crore, driven by the ongoing 5G monetisation through higher ARPU as customers upgrade to 5G plans and consume more data. Jio's subscriber base crossed 500 million, with 5G subscribers now accounting for 38% of the total. Reliance Retail's revenue grew 19% to Rs 88,400 crore as the company expanded its grocery, fashion and consumer electronics formats.
The board declared a final dividend of Rs 12 per share and announced that the proposed listing of Jio Financial Services' insurance business is on track for Q2 FY27. Chairman Mukesh Ambani highlighted Reliance's investments in new energy — green hydrogen, solar panels and advanced batteries — as the company's next major growth frontier, with Rs 75,000 crore committed over the next three years in clean energy infrastructure.
