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Reliance Industries Q2 FY27 (Q3 2026) results: financial summary

Reliance Industries made a record INR 295.5bn ($3.08bn) profit in July–September 2026, up 33.8%, as its oil-to-chemicals business had its best quarter. Profit, cash, debt, segments and volumes, from the company’s own results.

By Entelera Research

Summary

Reliance Industries made a record profit of INR 295.5bn ($3.08bn) in July–September 2026, the second quarter of its 2026–27 financial year (Q2 FY27), up 33.8% on a year earlier. The results were published on 30 October 2026. Profit attributable to Reliance shareholders, after the share of minority owners in subsidiaries such as Jio, was INR 255.5bn ($2.67bn).

Key numberQ2 FY27Change
Profit after tax (incl. associates)INR 295.5bn ($3.08bn)+33.8% vs Q2 FY26
Gross revenueINR 3.62tn ($37.8bn)+27.8% vs Q2 FY26
Oil-to-chemicals EBITDAINR 252.0bn ($2.63bn)+67.9% vs Q2 FY26
Net debt, 30 September 2026INR 1.17tn ($12.2bn)0.47 times annualised EBITDA
Source: Reliance Industries, results for the quarter ended 30 September 2026. Converted at INR 95.84 per US dollar.

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Key findings

  • Record profit after tax of INR 295.5bn ($3.08bn) in Q2 FY27 (July–September 2026), up 33.8%.
  • Gross revenue of INR 3.62tn ($37.8bn), up 27.8% on higher oil and fuel prices.
  • Oil-to-chemicals EBITDA up 67.9% to INR 252.0bn ($2.63bn), its best quarter on record.
  • Digital services EBITDA up 17.7% to INR 222.2bn ($2.32bn); Jio Platforms completed its IPO.
  • Net debt of INR 1.17tn ($12.2bn), 0.47 times annualised EBITDA.

Sample chart

Bar chart of Reliance profit after tax in US dollars: $2.3bn in July–September 2025, $2.4bn in April–June 2026 and $3.1bn in July–September 2026
Reliance’s profit after tax reached a record INR 295.5bn ($3.08bn) in Q2 FY27 (July–September 2026). Source: Reliance Industries, results for the quarter ended 30 September 2026. Converted at INR 95.84 per US dollar.

Table of contents

  1. Headline numbers vs the prior quarter and the prior year
  2. Profit: reported and adjusted
  3. Revenue and operating cash flow
  4. Capex, net debt and gearing
  5. Buybacks and dividends
  6. Segment results
  7. Production and throughput
  8. Guidance and outlook
  9. What it means
  10. Notes on the numbers and sources

Methodology

Built only from Reliance’s own published results documents for the period (results release, financial statements or stock-exchange filing) listed in the Sources section. No broker, consensus or paywalled data. Changes are Entelera calculations from the published figures. Non-US-dollar amounts are converted at the rate stated in the notes.

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