Financial and Operational Performance of Reliance Industries Limited (RIL) for the Quarter and Nine Months ended 31st December 2025
Quarterly Performance (3Q FY26 vs 3Q FY25)
* Gross Revenue increased by 10.0% Y-o-Y to Rs. 293,829 crore ($ 32.7 billion)
*JPL revenue increased by 12.7% Y-o-Y led by robust subscriber addition, increase in ARPU and scale-up of digital services.
* RRVL revenue increased by 8.1% Y-o-Y, with growth across all consumption baskets driven by festive buying and wedding season. Distribution of festive buying between 2Q and 3Q, impact of consumer products division demerger and GST rationalization constrained top-line growth.
* Oil to Chemicals (O2C) revenue increased by 8.4% Y-o-Y. Production meant for sale increased by 1.7% on a Y-o-Y basis. Additionally, company’s 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.
* Oil and Gas segment revenue decreased by 8.4% Y-o-Y mainly on account of lower volumes and price realisation for KGD6 gas and condensate.
* EBITDA increased by 6.1% Y-o-Y to Rs. 50,932 crore ($ 5.7 billion).
* JPL EBITDA increased by 16.4% Y-o-Y driven by strong momentum in revenue and operating leverage leading to 170 bps margin expansion.
* RRVL EBITDA increased marginally to Rs.6,915 crore with an EBITDA margin of 8.0%.
* O2C EBITDA increased by 14.6% Y-o-Y with sharp increase in transportation fuel cracks, higher volumes and higher Sulphur realization partially offset by decline in downstream chemical margins and higher feedstock freight rates.
* Oil and Gas segment EBITDA decreased by 12.7% Y-o-Y following lower revenues and higher operating cost due to maintenance activities.
Depreciation increased by 10.9% Y-o-Y to Rs. 14,622 crore ($ 1.6 billion).
Finance Costs increased by 7.0% Y-o-Y to Rs. 6,613 crore ($ 736 million), largely due to operationalisation of 5G spectrum assets.
Tax Expenses increased by 10.1% Y-o-Y at Rs. 7,530 crore ($ 838 million).
Profit After Tax and Share of Profit/(Loss) of Associates & JVs increased by 1.6% Y-o-Y to Rs. 22,290 crore ($ 2.5 billion).
Capital Expenditure for the quarter ended 31st December, 2025, stood at Rs. 33,826 crore ($ 3.8 billion) 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.
Above views are of the author and not of the website kindly read disclaimer
