RELIANCE

Reliance Industries Ltd’s fiscal first quarter net profit jumped 76.5 percent to Rs 30,783 crore, led by a gain from the sale of its stake in Asian Paints and strong growth in consumer-facing businesses. Excluding the one-time gain of Rs 8,924 crore, recurring profit still rose a solid 25 percent from a year earlier. Consolidated revenue rose 6 percent to Rs 2.73 lakh crore, supported by strong growth in retail and digital services. Operating profit (EBITDA) jumped 36 percent to Rs 58,024 crore, with a healthy contribution from consumer businesses. "Reliance has begun FY26 with a robust, all-round operational and financial performance. Consolidated EBITDA for 1Q FY26 improved strongly from a year-ago period, despite significant volatility in global macros," said Mukesh Ambani, Chairman and Managing Director, Reliance Industries. Jio Platforms posted a 25 percent rise in profit to Rs 7,110 crore, with EBITDA up nearly 24 percent to Rs 18,135 crore. Net subscriber additions remained strong at 9.9 million during the quarter, taking the total to 498.1 million. JioTrue5G users crossed 200 million, while JioAirFiber is now the largest FWA (fixed wireless access) service globally with a subscriber base of 7.4 million. Average revenue per user or ARPU rose to Rs 208.8 on the back of recent tariff hikes and seasonal reasons. Jio maintained its industry-leading customer engagement with per capita data consumption of 37 GB per month. Total data traffic grew 24 percent from a year ago to 54.7 billion GB during the quarter.