Mukesh Ambani-owned Reliance Industries Ltd registers profit of… in the first quarter, its revenue surges…
The board of directors of the Mukesh Ambani-owned Reliance Industries approved the financial results for the first quarter of FY 2025-26 in a meeting held Friday in Mumbai.
Mukesh Ambani, Chairman, Reliance Industries Ltd (File Image)
The Mukesh-Ambani-owned Reliance Industries has reported a profit of Rs 58,024 before tax. The EBITDA has surged 36% year-on-year to clock Rs 42,748 crore in the same period last year. Similarly, the conglomerate has shown its gross revenue rising 6% year-on-year to Rs 2,73,252 crore. Jio Platforms reported an 18.8% year-on-year growth in revenue. However, its Oil to Chemicals (O2C) revenue declined 1.5% YoY due to lower crude prices and lower volumes from a planned shutdown. The Oil & Gas business suffered a 1.2% YoY revenue loss. It was the net result of the KGD6 output, weaker CBM gas pricing, and lower crude realisations. RIL’s Consumer Electronics business registered a growth of 26% in average bill value and a 200 bps increase in conversions YoY. However, the AC sales came down due to the early monsoons.
JioMart Digital’s profit soars
RIL’s retail arm JioMart Digital registered a strong growth on the back of portfolio expansion and a growing merchant partner base. Analysts believe the acquisition of Kelvinator’s India IP is set to bolster its consumer durables segment. The telecom and digital services arm of Reliance Industries, Reliance Jio, registered an increase of 25% year-on-year. It reported a net profit of Rs 7,110 crore for the first quarter. Revenue from operations went up by 19% year-on-year to reach Rs 41,054 crore during the same period.
he board of directors of Reliance Industries approved the financial results for the first quarter of FY 2025-26 in a meeting held Friday in Mumbai. Earlier, Reliance said it would hold an analyst meet, post Board Meeting, to discuss the financial results for the quarter ended June 30, 2025.
Buoyed by the performance of the RIL, its share price has registered an increase on Friday, just before the announcement of the results of the FY 2025-26. Reliance Industries’ share price eased ahead of Q1 results today. RIL stock price opened higher at Rs 1,482.10 apiece as against its previous close of Rs 1,477.10 per share. Reliance share price hit an intraday high of Rs 1,485.05 apiece, and a low of Rs 1,469.00 apiece on the BSE.
