Reliance Industries Limited (RIL) announced its financial results for the first quarter of fiscal year 2026-27 on July 18, 2026. The conglomerate reported a consolidated net profit of ₹19,650 crore, representing a 7% increase year-over-year but falling short of analyst expectations of ₹20,200 crore.
Revenue from operations rose 5% to ₹2.45 lakh crore, driven by growth in the retail and digital services segments. The oil-to-chemicals (O2C) segment faced headwinds from lower refining margins, while Jio Platforms saw a 12% rise in net profit to ₹5,800 crore, supported by increased subscriber additions and average revenue per user (ARPU).
Reliance Retail reported a 9% increase in revenue to ₹82,000 crore, with EBITDA margin improving to 8.5%. The company's debt-to-equity ratio stood at 0.32 as of June 30, 2026. Analysts remain divided on the stock's outlook, with some citing valuation concerns and others highlighting growth in new energy and telecom businesses.
