Reliance Industries posts record quarterly revenue and profit for Q2 FY27

what happened

TradingView reports that Reliance Industries had its best quarter ever in the July to September period, with consolidated revenue up 28% year on year to above 3.6 lakh crore rupees and net profit rising 34% to a record 29,550 crore rupees. Moody's, citing ANI, puts revenue at 3,62,268 crore rupees and profit growth at 33.8%.

The oil-to-chemicals unit delivered its strongest result, with EBITDA up 67.9% to 25,203 crore rupees on wider fuel and petrochemical margins amid disruptions to global supply. Jio Platforms, reporting for the first time since its IPO, grew revenue 11.3% and lifted average revenue per user to 218.8 rupees. Reliance Retail's gross revenue rose 6.4%, though its EBITDA fell as festivals shifted into the third quarter, while JioMart grew 42%.

First-half profit topped 50,000 crore rupees, while oil and gas EBITDA slipped 2% on lower gas output from the KG-D6 block.

why it matters

For investors, the key point is that refining and petrochemicals, rather than upstream production, drove the gains in a volatile energy market. The Jio listing adds a new valuation factor for the group, while retail margins remained the weak spot of the quarter.

market impact

Reliance Industries shares: record profit and O2C margins support the stock

• ▲Reliance Industries shares pressure up — record profit and strong refining margins support the stock

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