Reliance Q1 profit hits ₹20,946 crore as it plans 100 GW Jamnagar renewables
Reliance Industries reported Q1 FY27 net profit of ₹20,946 crore and said its board will review raising funds through NCDs, per TradingView.
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what happened
According to TradingView, Reliance Industries posted first-quarter FY27 net profit of ₹20,946 crore on revenue of ₹3.09 lakh crore. EBITDA came in at ₹47,517 crore, giving an EBITDA margin of 15.4%.
The company is planning a large renewable power complex near Jamnagar with capacity of up to 100 GW across roughly 550,000 acres, supported by giga-factories built to speed up construction. Its board will consider raising money through non-convertible debentures, but no timing, size, coupon, maturity or use of proceeds has been disclosed.
Separately, U.S. officials met Ambani executives to discuss the Jamnagar refinery's role in energy supply, data-center power and processing Venezuelan crude. Reliance also gave VA Tech Wabag a contract for a large desalination plant at Jamnagar, to be delivered in phases over 25 months. After Elon Musk criticized Starlink, Reliance said it welcomes competition, adding that its Jio satellite service is waiting for regulatory approval.
why it matters
Two points matter for markets: strong operating profit at India's largest conglomerate and uncertainty over how future debt will be financed. Heavy spending on renewables and giga-factories could lift leverage, so the terms of any debenture sale will be a key signal for investors.
market impact
Reliance shares: strong profit supports the stock, while large capex and possible borrowing weigh on it
- Reliance shares mixed — strong profit supports the stock, while heavy capex and possible borrowing limit it
tags
instruments
sources
- Key facts: NSE:RELIANCE Q1 ₹20,946cr; 100GW Jamnagar plan; NCD review — TradingView, 28 October 2026 at 02:00 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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