In short: Reliance Industries reports Q2 FY27 results on 30 October 2026. In Q1 FY27, revenue rose 25.4% to ₹3,11,850 crore from a year earlier and net profit fell 22.4% to ₹20,946 crore. Things to watch: oil to chemicals, digital services and retail.
What to watch in Reliance Industries' Q2 FY27 results
- Oil to chemicals. O2C EBITDA rose 17.2% from a year earlier to ₹17,010 crore in Q1 on higher fuel cracks and downstream margins, even though a planned turnaround cut production meant for sale by 9.8%. Reliance also said the reintroduction of special additional excise duty on diesel, petrol and jet fuel had hurt margins in its domestic business. The September quarter will show output after the turnaround.
- Digital services. Jio's average revenue per user rose 3.3% from a year earlier to ₹215.6 a month in Q1, its subscriber base reached 533.3 million, and Jio Platforms' EBITDA rose 15.1% to ₹20,865 crore. Jio Platforms shares began trading on 28 October after an IPO priced at ₹1,119 a share, and its own board also meets on 30 October to approve its Q2 results, its first as a listed company.
- Retail. Reliance Retail's gross revenue rose 7.4% from a year earlier to ₹90,408 crore in Q1, or 11.6% adjusted for the demerger of its consumer brands business, but its EBITDA fell 1.1% to ₹6,309 crore. The EBITDA margin narrowed to 7.9% from 8.7%, which the company linked to the growing share of digital commerce and the investment behind it.
- Year-ago comparison. Net profit fell 22.4% from a year earlier in Q1 because the year-ago quarter included ₹8,924 crore of profit from selling listed investments. Reliance leaves that gain out of its recurring EBITDA, which rose 10.1%; with it, EBITDA would have been 6.8% lower than a year earlier, the company said.
Reliance Industries Q1 FY27 results at a glance
- Revenue from operations was ₹3,11,850 crore, up 25.4% from a year earlier and up 4.4% from the previous quarter.
- Net profit was ₹20,946 crore, down 22.4% from a year earlier and up 23.4% from the previous quarter.
- Recurring EBITDA was ₹54,067 crore, up 10.1% from a year earlier and up 11.3% from the previous quarter.
- EBITDA margin on gross revenue was 15.9%, up 100 bps from the previous quarter and down 210 bps from a year earlier.
| Metric | Q1 FY27 | Q4 FY26 | Q1 FY26 | QoQ | YoY |
|---|---|---|---|---|---|
| Revenue (₹ crore) | 3,11,850 | 2,98,621 | 2,48,660 | +4.4% | +25.4% |
| Recurring EBITDA (₹ crore) | 54,067 | 48,588 | 49,100 | +11.3% | +10.1% |
| Net profit (₹ crore) | 20,946 | 16,971 | 26,994 | +23.4% | −22.4% |
| EBITDA margin on gross revenue | 15.9% | 14.9% | 18.0% | +100 bps | −210 bps |
Reliance Industries Q2 FY27 results: questions
When will Reliance Industries announce Q2 FY27 results?
Reliance Industries Limited reports results for the quarter ended 30 September 2026 on 30 October 2026.
What were Reliance Industries' results last quarter?
In Q1 FY27, revenue from operations was ₹3,11,850 crore (+25.4% YoY) and net profit was ₹20,946 crore (−22.4% YoY).
Other Q2 FY27 results
- Adani Green Energy Q2 FY27 results · 21 October 2026 · net profit +15.4% YoY
- Indian Hotels Q2 FY27 results · 21 October 2026 · net profit +22.7% YoY
- Ather Energy Q2 FY27 results · 26 October 2026 · net profit against a ₹154 crore loss a year earlier
- Larsen & Toubro Q2 FY27 results · 27 October 2026 · net profit +32.5% YoY
- Reliance Industries Q2 FY27 results · 30 October 2026
All Q2 FY27 results in one place
Sources
- Reliance Industries: Q1 FY27 consolidated and standalone results, 17 July 2026
- Reliance Industries: Q1 FY27 media release, 17 July 2026
- Reliance Industries: board meeting notice for Q2 FY27 results, 27 October 2026
- Reliance Industries: listing of Jio Platforms shares and Jio Platforms board meeting, 27 October 2026
- Reliance Industries: Jio Platforms IPO issue price, 24 October 2026
- Reliance Industries: intimation of board meeting, 27 October 2026
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