Synopsis:
The company reported strong Q1FY26 performance with ₹305,498 crore revenue, led by Oil to Chemicals. Net profit surged 76% YoY. Management remains bullish across segments, supported by robust cash flows, completed Jio capex, and a strategy to double value by decade-end.
India’s refineries and marketing sector is a globally significant player, ranking among the top five refining nations. As of April 2024, the nation’s total installed refining capacity was 256.8 Million Metric Tonnes Per Annum (MMTPA) from 23 refineries. With domestic petroleum consumption reaching 233.3 MMTPA in 2023–24, the country aims to expand its capacity to 309.5 MMTPA by 2028.
With a market capitalization of Rs 19.01 lakh crore, the shares of Reliance Industries Ltd were trading at Rs 1,405.00 per share, increasing around 0.93 percent as compared to the previous closing price of Rs 1,392.10 apiece.
Revenue Segmentation
For the quarter ended June 30, 2025, Reliance Industries reported total segment revenue of Rs 305,498 crore. Oil to Chemicals led with a 51% share ( Rs 154,804 crore), followed by Retail at 27% ( Rs 84,172 crore) and Digital Services at 14% ( Rs 41,949 crore). Oil and Gas contributed 2% ( Rs 6,103 crore), while Others made up 6% ( Rs 18,470 crore), reflecting balanced growth across business verticals.
Looking forward to the company’s financial performance, revenue magnified by 5 percent from Rs 231,784 crore in Q1FY25 to Rs 243,632 crore in Q1FY26, Further, during the same time frame, net profit zoomed by 76 percent from Rs 17,445 crore to Rs 30,783 crore.
Reliance Industries posted a 36% YoY rise in group EBITDA to ₹58,000 crore, aided by broad-based growth. Excluding the ₹8,924 crore Asian Paints stake gain, recurring EBITDA and PAT rose 15% and 25% YoY. With Net Debt/EBITDA at 0.59x, ₹30,000 crore capex was funded via supplier credit repayments.
Management remains optimistic across all segments, highlighting scale, technology, and execution as key strengths. The “Jio effect” is being extended to new energy and FMCG. With major Jio capex completed, strong cash flows and a healthy balance sheet support growth. The company aims to double its value by the decade-end.
Written By Abhishek Singh
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