Reliance and Jio Platforms report Q2 gains in revenue and profit
Reliance Industries and Jio Platforms posted year-on-year growth in revenue, EBITDA and net profit for July to September 2026, Moody's reports.
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what happened
According to Moody's, Reliance Industries and Jio Platforms released their second-quarter 2026 results on Friday. Reliance's consolidated revenue rose 27.8% year on year to Rs 3,62,268 crore, EBITDA grew 23.9% to Rs 62,409 crore, and net profit climbed 33.8% to Rs 29,550 crore. The oil-to-chemicals segment played a major role, with its EBITDA up about 70% to roughly Rs 25,200 crore.
Jio Platforms reported consolidated revenue growth of 11.3% to Rs 47,485 crore and net profit growth of 16.6% to Rs 21,879 crore, while its EBITDA margin widened by 250 basis points to 54.1%. Its user base reached 542.4 million, and average revenue per user rose to Rs 218.8. The Rs 30,188 crore IPO of Jio Platforms was listed on October 28, 2026.
why it matters
Quarterly results from two of India's largest companies matter for the broader market, since they carry significant weight in the country's equity benchmarks. Reliance's petrochemicals recovery and the successful Jio Platforms listing show investor interest in digital and telecom assets. The source also includes analyst opinions on which stock to choose, which are not investment recommendations.
market impact
Reliance and Jio Platforms: strong quarterly figures are a supportive factor for their shares
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instruments
sources
- Mukesh Ambani stocks: Reliance Industries vs Jio Platforms shares compared - RIL or JPL? What to buy? Experts' views — Moody's, 31 October 2026 at 12:33 UTC
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