Fri Jul 18 14:50:00 UTC 2025: **Reliance Industries Reports Record Q1 Profit Driven by Strong Performance Across Sectors**

**Mumbai, India** – Reliance Industries (RIL), led by Mukesh Ambani, announced a robust Q1 performance, reporting a 78% year-on-year surge in consolidated net profit, reaching a record ₹26,994 crore. The impressive results were propelled by strong operational efficiencies and a substantial gain of ₹8,924 crore from the sale of its investment in Asian Paints. Excluding this gain, RIL’s profit still saw a healthy 25% increase.

The conglomerate’s gross revenue climbed 6% YoY to ₹273,252 crore, while EBITDA rose by 35.7% YoY to ₹58,024 crore. Key highlights from various sectors include:

* **Jio Platforms:** Net profit increased by 25% YoY to ₹7,110 crore, with gross revenue rising 19% YoY to ₹41,054 crore. The company reached approximately 498 million subscribers, adding 9.9 million in Q1FY26, including 200 million 5G subscribers. Jio AirFiber now counts 7.4 million subscribers. Jio Hotstar recorded 1.04 billion downloads on Android and averaged 460 million+ MAUs during the quarter.
* **Reliance Retail Ventures:** Profit after tax jumped 28.3% to ₹3,271 crore, with gross revenue up 11.3% to ₹84,171 crore. The retail arm expanded its store network by 388 new stores, totaling 19,592 stores. The registered customer base grew to 358 million. JioMart reported strong growth in daily order volumes, increasing 68% QoQ and 175% YoY. Reliance Retail acquired Kelvinator, a manufacturer of refrigerators and washing machines.
* **Oil and Gas (E&P):** Revenue stood at ₹6,103 crore, a slight decrease of 1.2% YoY due to lower sales volumes of KGD6 gas.
* **O2C (Oil to Chemicals):** EBITDA increased by 10.8% YoY to ₹14,511 crore, driven by favorable margins on domestic fuel retail. Core business saw a 1.5% YoY fall in revenue to ₹154,804 crore.

Chairman Mukesh Ambani expressed confidence in Reliance’s growth trajectory, stating, “Reliance is committed to contributing to India’s growth journey through inclusive development, technological innovation, and leading the energy transformation…Reliance will continue its stellar track record of doubling every 4–5 years.”

The company reported a capital expenditure of ₹29,875 crore during the quarter and highlighted its progress in the new energy business, with giga-factories expected to be commissioned progressively over the next 4-6 quarters. Finance costs rose by 18.9% year-on-year to ₹7,036 crore, mainly due to the operationalization of 5G spectrum assets.

Analysts remain positive on Reliance’s performance, citing its diversified business model and strong growth potential across its key sectors.

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