Reliance Industries Q4FY26 Highlights: Mukesh Ambani says ‘advancing steadily towards listing of Jio Platforms’, net profit at Rs 16,971 cr

Coming to the important O2C (oil to chemical) segments, the conglomerate said that crude markets remained oversupplied for most part of FY26, while challenges emerging from the prolonged Middle East tension emerged towards year end added to the dislocation in energy markets and supply chain.

Reliance's fashio brand Ajio delievred a steady growth the company said. The growth was driven by higher platform engagement. Ajio expanded in more than 600 cities while shein too maintained revenue growth momentum, the company stated in its investor presentation.

For the full year of FY26, Reliance Industries’ net profit stood at Rs 80,775 crore, 16% higher than Rs 69,648 crore in FY25.

FY26 revenue also increased 9.75% to Rs 1,075,675 crore from Rs 980,136 crore reported in FY25.

The retail segment of Reliance which includes Reliance Digital, Jio Mart, Jio and so on delivered a steady performance as the segment's net profit for Q4 rose 2% at Rs 3,574 crore against Rs 3,574 crore reported in Q4FY25.

Reliance Jio's operating revenue expanded by 11% YoY at Rs 33,381 crore, while its EBITDA was pegged at Rs 18,771 crore rising 56% from Rs 16,188 crore reported in March 2025.

Reliance Jio reported a net customer addition of 9.1 million for March quarter , as the company's total customer base was clocked at 524.4 million. Jio's ARPU (Average Revenue Per User) for Q4FY26 stood at Rs 214 per month, while last year in March the ARPU was Rs 206.2.

Jio's FY26 revenue from operation increased 14.6% at Rs 146,885 crore

Reliance's Jio Platforms posted a 13% YoY rise in its net profit at Rs 7,935 crore against Rs 7,023 crore reported in the same quarter last year.

RIL adding context over its FY26 performance stated that the Middle East conflict altered the macro context for March 2026, with oil prices surging by 70% and the currency depreciating nearly 11%.

It added that its data traffic expanded from growth led by 5G and broadband adoption.

Reliance Industries Chairman Mukesh Ambani said that the O2C business navigated a complex global environment during the year.

"The war in West Asia has led to unprecedented dislocation in global supply chains. As in prior periods of disruption, Reliance has again demonstrated its commitment to ensure availability of critical energy and materials to India. ", he said.

Ambani added, " Our O2C team successfully diverted streams toward scaling up LPG production, our colleagues in Jio-bp have ensured continuous availability of fuels to individuals and businesses throughout India. Gas from KG-D6 Basin has been diverted towards priority sectors, in line with national energy priorities."

RIL in its investor presentation stated that its net profit (profit after tax) fell owing to higher finance cost and depreciation caused due to operationlization of 5G spectrum assets.

As pre RIL's media release, Jio's total subscriber stood at 524 million including 268 million subscribers from Jio True5G

On a sequential basis RIL's revenue from operations for Q4FY26 fell by nearly 11% at Rs 298,621 crore against Rs 269,496 crore reported in Q3.

Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries said, ” Jio continues to transform India’s digital landscape. I am happy to note that we are advancing steadily towards the listing of Jio Platforms. This will mark a defining milestone in its journey as it continues to scale new heights and contribute to India’s digital future. Robust full-year EBITDA growth of 19% was driven by continuing traction in mobility, home broadband and enterprise services. As we work to democratize access to AI tools and next-generation technology platforms, Jio is well placed to shape how India communicates, computes and consumes content in the years ahead. "

Here's a snapshot of the Q4 financials of Reliance Industries. The company's EBITDA margin shrinked by 200 basis points at 14.9% for Q4FY26 against 16.9% reported in Q4FY25. The company's EBITDA fell 0.3% at Rs 44,588 crore against Rs 48,737 crore reported in the same quarter last year.

Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries said, " Through fiscal FY2025-26 we faced geopolitical disruptions, volatile energy prices and shifting global trade patterns. These headwinds weighed on businesses across the world. India held its economic growth course through all this, as did Reliance. The breadth of our portfolio and strong domestic orientation helped navigate volatility in the external environment."

On a sequential basis, RIL's consolidated net profit for March quarter fell by nearly 9% at Rs 16, 971 crore from Rs 18,645 crore reported in Q3FY26

RIL consolidated net profit for Q4FY26 declined by more than 12% YoY at Rs 16,971 crore against Rs 19, 407 crore reported in the same quarter last year.

RIL consolidated revenue from operations for Q4FY26 rises nearly 13% YoY at Rs 298,621 crore against Rs 264,573 crore reported in the same quarter last year.

The company's board has recommended a dividend of Rs.6.00 per equity share of Rs. 10/- each for the financial year ended March 31, 2026.

A Motilal Oswal report notes that even if tension eases soon, supply chain normalization may lag, keeping product cracks elevated and supporting Reliance Industries’ (RIL) refining and petchem margins.

The report added that, assuming gasoil/gasoline/jet fuel cracks sustain $15/5/15 per bbl above historical averages during H1 FY27, Reliance Industries’ O2C EBITDA could increase by $170b, implying 8.5 percent upside.

The company's board will also recommend a dividend for the financial year ended March 2026. In FY25 Reliance Industries had paid out a final dividend of Rs 5.5 per share. Over the past nine years the company has been following a trend of paying out just one final dividend.

Reliance Industries’ senior management will begin a detailed presentation on the company’s financial and operational performance at 07:30 PM today.

Investors can join the virtual briefing by clicking on the JioEvents link that will be emailed to them at 06 PM this evening. Further, investors need to fill in their name, email address, and mobile number to log in to the event.

Reliance Industries has partnered with TIME to launch TIME100 Next India, a new edition of its TIME100 Next franchise, recognizing the next generation of Indian leaders whose work and vision are shaping the future.

The TIME100 Next India list will be curated by TIME editors and recognize 100 emerging leaders from India and the diaspora shaping the future of India across arts, science, business, sports, advocacy, and more.

“We're excited to partner with TIME to bring TIME100 NEXT India at the Nita Mukesh Ambani Cultural Centre in Mumbai, India, for the first time ever. It has always been our vision to bring the best of the world to India and the best of India to the world.” Nita Ambani said

Reliance Industries reported a consolidated net profit of Rs 18,645 crore for the October-December quarter of FY26, up 0.6 percent year-on-year.

The company’s revenue from operations rose 10.5 percent YoY to Rs 2.69 lakh crore. Reliance Industries’ EBITDA increased by 14.6 percent to Rs 16,507 crore.

Reliance Industries’ stock closed at Rs 1,331 on Friday, about 0.9 percent lower in the intra-day trade. In the last 5 trading sessions, the company’s stock has declined about 2.4 percent.

As the global oil industry goes through a turbulent phase due to the Iran War and subsequent closure of the Strait of Hormuz, Reliance Industries’ stock has also taken a hit. In the last one month, the company’s share price has declined by 5.7%.

Reliance Industries’ senior management will begin a detailed presentation on the company’s financial and operational performance at 07:30 PM today.

Investors can join the virtual briefing by clicking on the JioEvents link that will be emailed to them at 06 PM this evening. Further, investors need to fill in their name, email address, and mobile number to log in to the event.

Any announcement on the Jio IPO will be in focus, as Reliance Industries Chairman Mukesh Ambani had flagged a likely 2026 listing at last year’s AGM, with no updates on timelines since.

In the previous quarter, Reliance Jio said that it’s total user base stood at 515.3 million (51.53 crore) at the end of Q3FY26.

The blockade of the Strait of Hormuz due to the Iran-US war has impacted the refining and petchem markets by disrupting crude oil imports, refining capacity, and refined product exports.

Motilal Oswal notes that even if tensions ease soon, supply chain normalisation may lag, keeping product cracks elevated and supporting Reliance Industries’ (RIL) refining and petchem margins.

However, Motilal Oswal expects Reliance Industries’ O2C EBITDA to increase by $170 billion, implying an 8.5% upside.

Reliance Industries in its regulatory filing said that the company will "recommend dividend on equity shares of the Company for the financial year ended March 31, 2026. "