Q1 FY26 results from Reliance Industries (RIL) broke previous records. Consolidated profit exceeded forecasts (~₹22,070 cr) by 78% year over year to ₹26,994 cr (compared to ₹15,138 cr last year). The jump was mostly caused by a one-time gain of ₹8,924 cr from the sale of its Asian Paints stake.
Reliance Industries, which operates in the retail, telecom (Jio), oil–to–chemicals (O2C), and green energy sectors, published the report under the direction of Mukesh Ambani. Most verticals saw growth, but telecom and retail saw the most.
The company’s financial performance for the April–June quarter of FY26 was detailed in the results, which were made public on July 19, 2025.
Where did the growth come from?
Telecom (Jio Platforms): Due to an increase in ARPU (Average Revenue Per User) and subscriber growth, Jio reported a net profit of ₹5,466 crore, up 14.6% YoY.
Retail: Reliance Retail reported revenue of ₹74,684 crore, up 10.6% year over year.
Oil-to-Chemicals (O2C): Moderate growth as a result of reduced refining margins.
Phase of gradual expansion for new energy and digital businesses; contribution is anticipated to increase in the next quarters.
The sale of pipeline infrastructure assets generated an exceptional gain of ₹17,861 crore.
Why is this important?
Reliance’s quarterly profit has never been higher.
Strong diversification is shown by the fact that digital and retail are now mainstays.
Draws attention to the group’s plan to increase balance sheets by monetizing infrastructure.
Establishes the framework for Ambani’s upcoming Jio and Retail IPOs and succession planning.
How did they do it?
Sales of strategic assets
Jio’s subscriber growth and the expansion of 5G’s reach
Growth of the retail network (stores + e-commerce)
Cost reduction in O2C business expansion into the fields of artificial intelligence, cloud computing, and new energy.
A Brief History
RIL began as a textile company when it was founded in 1966 by Dhirubhai Ambani.
It expanded into retail, telecom (with Jio in 2016), petrochemicals, and refining.
By market capitalization, it is currently the most valuable company in India and a major player worldwide.
It is expected that Reliance will work hard to expand its green energy projects in the future, especially the solar and hydrogen projects under Reliance New Energy. The business is expanding its online presence through Jio Platforms and continuing to invest in 5G infrastructure. Retail expansion remains a strong pillar as Reliance Retail aggressively pursues new product categories and markets. Analysts predict ongoing growth momentum if global crude prices remain favorable and consumer demand remains stable across all industries.