Reliance Industries Q2 Outcomes: 10 takeaways from energy-to-telecom conglomerate’s earnings

Reliance Industries (RIL) reported a income beat for the September quarter on Friday, though its consolidated internet revenue got here in beneath Avenue estimates. Each income and revenue recorded double-digit progress regardless of a difficult surroundings for the O2C enterprise whereas its telecom and retail segments posted strong performances. Listed below are the ten key takeaways from the earnings of Mukesh Ambani-led energy-to-telecom conglomerate.

1) PAT

RIL reported a ten% year-on-year progress in its consolidated Q2 internet revenue at Rs 18,165 crore versus Rs 16,563 crore reported within the year-ago interval. The revenue after tax (PAT) is attributable to the house owners of the corporate. The PAT missed Avenue’s estimate of Rs 18,643 crore.

RIL’s sequential PAT took a 33% dip in comparison with Rs 26,994 crore in Q1FY26

2) Income

The corporate’s income from operations within the mentioned quarter jumped 10% to Rs 2.59 lakh crore in comparison with Rs 2.35 lakh crore within the corresponding quarter of the final monetary 12 months. It was above Avenue’s estimates of Rs 2.51 lakh crore. The topline was 4% greater QoQ versus Rs 2.49 lakh crore in Q1FY26.

3) EBITDA

The corporate’s Earnings Earlier than Curiosity, Taxes, Depreciation and Amortisation (EBITDA) within the quarter beneath assessment stood at Rs 50,367 crore, up 15% YoY. The EBITDA margin was reported at 17.8%, gaining 80 bps over the corresponding quarter of the final monetary 12 months.

Learn extra: Reliance Industries Q2 Outcomes: Cons PAT jumps 10% YoY to Rs 18,165 crore, income rises by 10%

4) Excellent Debt

RIL’s excellent debt within the quarter beneath income stood at Rs 3.48 lakh crore, up from Rs 3.38 lakh crore in Q1FY26 and Rs 3.36 lakh crore in Q2FY25. In the meantime internet debt was reported at Rs 1.18 lakh crore versus Rs 1.17 lakh crore in Q1FY26 and Rs 1.16 lakh crore in Q2FY25.

5) Money & Money Equivalents

Firm’s Money & Money Equivalents in Q2FY26 stood at Rs 2.30 lakh crore versus Rs 2.20 lakh crore in Q1FY26 and Rs 2.20 lakh crore in Q2FY25.

6) Jio Platforms highlights

JPL’s quarterly income stood at Rs 42,652 crore, up 14.9% YoY whereas quarterly EBITDA was reported at Rs 18,757 crore, up 17.7% YoY. Jio subscriber base crossed the milestone of 500 million taking the full subscriber base to over 506 million as of September ended quarter.

Jio Airfiber rollout continues to speed up at scale with over 1 million new houses being linked each month, extending its international management with 9.5 million subscribers. Complete knowledge site visitors elevated 29.8% YoY to over 58 Exabytes with 5G share in wi-fi site visitors at greater than 50%.

The Common Income Per Person (ARPU) stood at Rs 211.4 up 8.4% YoY.

Learn extra: Reliance Jio Q2 Outcomes: Revenue rises 13% YoY to Rs 7,379 crore; ARPU at Rs 211.4

7) Reliance Retail Ventures Q2 stats

Quarterly income stood at Rs 90,018 crore, up 18.0% YoY whereas quarterly EBITDA at Rs 6,816 crore, up 16.5% YoY. PAT elevated 22% YoY to Rs 3,457 crore.

The enterprise expanded its retailer community with 412 new retailer openings, taking the full retailer depend to 19,821 with space beneath operation at 77.8 million sq. ft. The registered buyer base grew to 369 million.

Learn extra: Reliance Retail Q2 Outcomes: Revenue jumps 22% YoY to Rs 3,457 crore; income up 19%

8) Oil-to-chemical

Quarterly income stood at Rs 160,558 crore ($18.1 billion), up 3.2% YoY whereas quarterly EBITDA was reported at Rs 15,008 crore ($1.7 billion), up 20.9% YoY. Jio-bp now operates a robust country-wide community of two,057 gasoline stores.

9) OIL & GAS (Exploration & Manufacturing)

Quarterly income at Rs 6,058 crore ($682 million), down 2.6% YoY whereas quarterly EBITDA at Rs 5,002 crore ($563 million), down 5.4% YoY.

10) JioStar Enterprise

JioStar reported robust revenues of Rs 7,232 crore with document EBITDA of Rs 1,738 crore with an business main margin of 28.1%. The community reached over 830 million viewers, delivering over 60 billion hours of watch time on tv.

JioHotstar averaged 400 million MAUs through the quarter and the corporate submitting claimed that The community improved its TV leisure viewership share by 30 bps YoY to 34.5%.

(Disclaimer: The suggestions, recommendations, views, and opinions given by the consultants are their very own. These don’t symbolize the views of The Financial Occasions.)