Mukesh Ambani-owned Reliance Industries Ltd (RIL) on Friday reported a 13% 365 days-on-365 days (YoY) decline in its consolidated receive profit at Rs 16,971 crore in the fourth quarter of 2025-26. The identical stood at Rs Rs 19,407 crore in the 365 days-ago quarter.
Income from operations in the reporting length elevated 13% YoY to Rs 2.98 lakh crore.
On a sequential foundation, profit fell 8% from Rs 18,645 crore in the preceding December quarter.
The company’s board has also instructed a dividend of Rs 6 per portion for the financial 365 days ended March 2026.
The company reported a marginal decline in its running performance with EBITDA falling 0.3% YoY to Rs forty eight,588 crore. Margins too fell 200 foundation points over old 365 days length to Rs 14.9%.
“Through FY26, we faced geopolitical disruptions, volatile energy prices and shifting global trade patterns. These headwinds weighed on businesses across the world. The breadth of our portfolio and strong domestic orientation helped navigate volatility in the external environment,” mentioned Mukesh Ambani, Chairman and MD, Reliance Industries.
Furthermore Read: Reliance Retail Q4 Results: Cons PAT rises marginally YoY to Rs 3,563 crore; income up 11%
The income development for the length of the quarter was once driven by the corporate’s mainstay industry O2C (oil-to-chemicals), digital products and services and retail, where your total segments delivered double-digit income development. At the running stage, sturdy development in digital and definite contribution from retail was once offset by decline in energy corporations.
Reliance Jio
Section wise, running income for Reliance Jio rose 13% YoY to Rs 44,928 crore in Q4, driven by sturdy subscriber additions, improving ARPU and continued traction in digital products and services. Profit for the quarter elevated 13% to Rs 7,935 crore.
EBITDA grew 18% YoY, supported by income expansion and margin development of 230 foundation points, indicating better running leverage across the industry.
Common income per particular person (ARPU) improved to Rs 214, aided by bigger customer engagement and an even bigger subscriber mix, though partially impacted by fewer days in the quarter. Records consumption remained sturdy, with per capita usage at 42.3 GB per month and general records traffic rising about 35% YoY.
Subscriber metrics remained healthy, with monthly churn stable at 1.7% and receive additions of 9.1 million users for the length of the quarter, underscoring sustained ask for records products and services.
Mukesh Ambani mentioned Jio continues to reshape India’s digital ecosystem and added that development against the list of Jio Platforms marks a key milestone as the industry scales extra.
Reliance Retail
Reliance Retail reported a marginal upward thrust in profitability for the March quarter, with receive profit increasing 0.5% YoY to Rs 3,563 crore, while income from operations grew 11% to Rs 87,344 crore, reflecting regular consumption traits and retailer expansion.
Inappropriate income for Q4 stood at Rs 98,232 crore, up 11% YoY. EBITDA from operations rose 3% to Rs 6,690 crore, with margins at 7.7%, while general EBITDA came in at Rs 6,921 crore, up 3% YoY, translating into a margin of seven.9%.
Depreciation for the retail industry elevated 13% YoY to Rs 1,581 crore, in accordance with aggressive retailer additions and infrastructure expansion. Then yet again, finance prices declined 23% to Rs 525 crore, indicating a stronger steadiness sheet and decrease borrowing burden.
Furthermore Read: Reliance Jio Q4 Results: Cons PAT jumps 13% YoY to Rs 7,935 crore, income rises 13%; ARPU climbs to Rs 214
Operational metrics remained sturdy. The company added 333 unusual stores for the length of the quarter, taking the total retailer count to 20,160, with operational home expanding to 78.3 million sq ft. Its registered customer heinous grew to 387 million, while full transactions surged 62% YoY to 585 million.
The hyperlocal commerce segment continued to scale with out observe, with common everyday orders rising 29% sequentially and higher than 300% YoY. Within the grocery segment, development remained large-primarily primarily based mostly, supported by festive ask and expansion of Orderly Bazaar stores, which crossed the 1,000-retailer milestone.
JioMart also expanded its footprint, now servicing over 5,100 pin codes across bigger than 1,200 cities through a network of over 3,100 stores.
The craze and way of life industry delivered regular development, led by sturdy ask in men’s wear and continued class expansion, supporting general income development.
Oil-to-Chemicals (O2C)
The O2C segment reported a blended performance in the fourth quarter, with income rising 12% YoY to Rs 1.84 lakh crore, while EBITDA declined 4% to Rs 14,520 crore.
Income development was once primarily driven by a engaging 12% YoY lengthen in indecent oil prices alongside with bigger volumes in domestic gasoline retail. The upward thrust in benchmark indecent supported realisations, at the same time as ask for transportation fuels remained regular.
Then yet again, profitability came below stress attributable to a pair of cost headwinds. Elevated indecent premiums on physical cargoes, elevated freight and insurance protection prices, and elevated gasoline costs exiguous margin good points. As well, the corporate absorbed half of the price stress to preserve stable retail gasoline prices, main to below-recoveries in the domestic market.
Operational decisions also weighed on margins. Reliance diverted propane and butane streams to enhance LPG output and prioritised provide to the domestic market, while gasoline from the KG-D6 basin was once allocated to precedence sectors. The reintroduction of windfall taxes on exports of diesel and aviation turbine gasoline extra impacted earnings.
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Weakness in the petrochemical segment also contributed to the decline in EBITDA, as polymer spreads narrowed amid bigger feedstock and energy prices, lowering general profitability.
Reliance mentioned the running atmosphere remained volatile for the length of the quarter. Global oil ask rose modestly, supported by regular consumption across gasoline, diesel and aviation fuels. Brent indecent averaged spherical $80.6 per barrel, up nearly $5 YoY, with a engaging spike in March driven by geopolitical tensions in West Asia and disruptions in provide routes.
Refinery throughput globally also improved relatively, indicating stable ask stipulations, though cost pressures across the value chain continued to affect refining margins.
Mukesh Ambani mentioned the O2C industry navigated a complex global atmosphere marked by provide disruptions attributable to the West Asia warfare. He added that the corporate ensured uninterrupted provide of fuels and excessive materials to the domestic market, with operational flexibility serving to tackle the challenges for the length of the length.
Oil and Gasoline
The oil and gasoline segment reported a venerable performance in the March quarter, with income declining 9% YoY to Rs 5,867 crore, while EBITDA fell sharply by 18% to Rs 4,195 crore, attributable to scheduled repairs job and higher govt levies, which compressed margins.
The drop in income was once primarily driven by weaker gasoline mark realisations and decrease manufacturing from the KG-D6 basin. The typical gasoline mark for KG-D6 declined to $9.63 per MMBTU for the length of the quarter from $10.09 a 365 days ago, while CBM gasoline realisations fell to $9.01 per MMBTU from $10.36, impacting general earnings.
Production traits bear been also blended. Common gasoline output from KG-D6 stood at 25.2 MMSCMD, alongside with oil and condensate manufacturing of spherical 17,310 barrels per day, indicating stable nonetheless no longer expanding volumes. Decrease gasoline volumes in the basin extra weighed on income.
Within the coal mattress methane (CBM) segment, the corporate continued to push for manufacturing ramp-up. The second phase of its multi-lateral neatly marketing campaign is underway, with 23 wells drilled out of the deliberate 40, and 21 already linked to the manufacturing machine. Latest CBM manufacturing stands at 0.91 MMSCMD, with unusual wells contributing incrementally to output.
JioStar
JioStar reported a sturdy performance, with income at Rs 9,784 crore and EBITDA (including diverse profits) of Rs 827 crore.
The network strengthened its management situation in television, with a viewership portion of 34.2%, reaching over 810 million viewers across the nation.
On the digital side, JioHotstar continued to witness sturdy engagement, with common monthly active users of spherical 500 million for the length of the quarter. The platform also residing a worldwide benchmark for the length of the T20 Males’s Cricket World Cup final, recording a peak concurrency of 72.5 million users, the most effective ever for any streaming tournament.
Subscription momentum remained sturdy, with convey-to-particular person subscriptions hitting an all-time excessive. Growth was once supported by the introduction of flexible monthly plans, which improved affordability and helped develop the particular person heinous.
Overall, Mukesh Ambani mentioned that most unusual trends in West Asia highlighted the importance of energy security and added that the corporate is making fast development in constructing its unusual energy giga factories, which could well be expected to turn into a key development driver in due course.
