Reliance Shines in Q1 FY26 — Investment Windfall & Operational Strength Propel PAT to New Highs

delivered a stellar earnings report for the June quarter of FY26 (Q1 2025–26). Here are the key highlights Financial Summary (Q1 FY26 ended June 30, 2025) Consolidated net profit (PAT): ₹26,994 crore — up 78% YoY (₹15,138 crore in Q1 FY25) Revenue: Rose ~5% YoY "Major Drivers Behind the Surge" 1. Investment Gains A ₹8,924 crore profit booked through sale of Asian Paints stake significantly boosted overall net profit 2. Energy (“Oil‑to‑Chemicals” / O2C) Segment Core O2C business rebounded strongly. O2C contributes ~57% of total revenue. EBITDA up ~10.8%, driven by improved fuel margins, petrochemical demand, and domestic fuel retail ***** & Telecom (Jio) Jio Platforms profit grew 25% YoY to ₹7,110 crore. Gross revenue at ₹41,054 crore — up 19%. 5G subscriber base crossed 200 million, reaching approximately 213 million 4. Retail Reliance Retail Ventures: Net profit up 28.3% YoY, at ₹3,271 crore. Revenue surged 11.3% YoY to ₹84,171 crore. 388 new stores; operated ~19,592 stores across ~77.6 million sq ft ***** & Entertainment (JioStar) JioStar (Hotstar + TV) recorded ₹11,222 crore revenue and ₹1,017 crore EBITDA. IPL viewership hit record highs; app downloads crossed 1.04 billion downloads. "Management Takeaways" -> The quarter marks record-high EBITDA and PAT, driven by diversified business strength. -> Management emphasized continuing momentum in digital growth, consumer expansion, clean/energy transformation, and leveraging new energy ventures -> Morgan Stanley and JPMorgan expect strong double‑digit earnings from consumer/O2C/new energy in coming years Q1 FY26 was an “all-rounder” quarter for Reliance Industries, showcasing strong core operational growth, exceptional one-time investment gains, and robust performance across telecom, retail, and media segments. This quarter marks a milestone, signaling that RIL is confidently progressing in its multi-business expansion strategy.