Reliance Posts Record Annual Revenue And Profit For FY26

Jio Platforms continued to drive digital services growth, reporting quarterly revenue of Rs 449.28 bn and quarterly EBITDA of Rs 200.60 bn, an increase of seventeen point nine per cent year on year, with EBITDA margin expansion. The digital unit reported a total customer base of 524.4 million (mn) subscribers, including 268 million 5G subscribers, and sustained strong data engagement with traffic rising significantly during the quarter. Fixed broadband additions were substantial, led by Jio AirFiber, and per capita data consumption increased materially during the year.

Reliance Retail delivered steady performance with quarterly EBITDA of Rs 69.21 bn and a store network that crossed twenty thousand locations, supported by broad-based growth across consumption categories and deeper penetration in underserved markets. The Oil to Chemicals business saw revenue and EBITDA improvements driven by product placement and higher utilisation, while the Oil and Gas segment recorded lower volumes and margin pressure. Depreciation and finance costs rose on account of higher network and spectrum-related capitalisation and operationalisation of five?G assets.

On the balance sheet, outstanding debt was Rs 3,744.21 bn and cash and cash equivalents were Rs 2,497.04 bn, leaving net debt of Rs 1,247.17 bn and a net debt to EBITDA ratio close to 0.64. Management indicated continued focus on execution of new energy giga?factories and on advancing the listing process for Jio Platforms as part of long-term strategic plans. The company emphasised resilience across its diversified portfolio and ongoing investments to support future growth.