Reliance Industries500325Oil to chemicals,
Reliance Industries reported strong Q2 FY26/27 earnings driven by a surge in O2C profits and refining margins, while retail and oil & gas exploration segments were weak
By ScoutQuest · · 1 min read
- Revenue growth
- 7 percent
- EBIT growth
- 19 percent
- EBIT margin
- 17.1 percent
- Net profit growth sequential
- 22 percent
- O2C EBIT growth sequential
- 48 percent
Heard on business television between 07:42:32 - 07:45:32 IST.
- Consolidated revenue rose around 7 percent, EBIT up 19 percent, the biggest jump in 17 quarters, with EBIT margin expanding to 17.1 percent and net profit up 22 percent sequentially
- O2C segment EBIT jumped nearly 48 percent sequentially, the biggest jump in at least 27 quarters, driven by sharp refining margin expansion, strong Singapore refining earnings with no windfall tax, US ethane-based petrochemical business, and a weaker rupee
- Retail segment EBIT fell 3 percent sequentially to close to Rs 6,120 crore due to store rationalization, festive season shift, and around Rs 108 crore of impairment charges
- Oil and gas exploration EBIT fell around 1 percent to close to Rs 4,900 crore on falling KG D6 production; net debt decreased to around Rs 1,17,000 crore
- Jio Platforms reported in-line results with revenue up 3 percent, net profit up 8 percent, EBITDA up around 5 percent, EBITDA margin at 51.6 percent, driven by higher subscribers for the eighth straight quarter and higher ARPU for the ninth straight quarter, with data consumption up 2.7 percent sequentially
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Source: Live TV News Channel · 2 Nov 2026
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