MUMBAI: Reliance Industries Ltd on Friday reported almost a flat net profit of Rs 18,645 crore for the third quarter, as weakness in its retail business offset gains in other segments, according to a company filing.
The country’s largest conglomerate saw muted earnings growth in the retail business on GST rate rationalisation, even as its energy and digital businesses provided support.
Its net profit of Rs 18,645 crore in October-December - the third quarter of the current 2025-26 fiscal year - compared to Rs 18,540 crore a year back.
Revenue from operations rose to Rs 2.69 lakh crore from Rs 2.43 lakh crore in October-December 2024.
"I am confident Reliance will play a pioneering role in the evolution of epoch-defining technologies, providing sustainable solutions at scale for India and the world."– Mukesh Ambani, CMD, Reliance Industries Ltd
Mukesh D Ambani, chairman and managing director, RIL, said: “Reliance’s consolidated performance in 3Q FY26 reflects consistent financial delivery and operational resilience across businesses. Jio’s digital ecosystem is deepening its roots in Indian households.
“Through our mobility and broadband products, we are connecting mobile phones, homes, appliances and enterprises. The synergistic value delivered by our connectivity and media platforms has meaningfully increased customer engagement.
This quarter, Jio expanded its subscriber base further, through attractive propositions enabled by its comprehensive, indigenous technology stack tailored for Indian markets.
The business delivered a robust financial performance with 16.4 per cent growth in EBITDA.
“Our retail business also had an eventful quarter, strengthening its portfolio with the onboarding of fresh new brands and product ranges. The demerger of consumer products business came into effect this quarter. With a broad and diverse product basket ranging from classic Indian brands to new age labels, the consumer products vertical is progressing on its accelerated growth trajectory with a focused organisational structure.
“Our deep, omni-channel presence across the nation and strong traction in hyperlocal quick deliveries supported a resilient performance by the retail business. Robust growth in O2C business was led by significantly higher fuel margins with favorable demand-supply dynamics, along with operational flexibility.
“Reliance’s robust cash-flows and balance sheet strength have been recognised by international rating agencies. Our foreign currency debt issuances are now rated “A-” by S&P Global Ratings. “Reliance is entering a new phase of value creation with its initiatives in the AI and New Energy domains.”