ScoutQuest30 Oct 2026
Reliance Industries500325Quarterly results

Reliance Q2 FY27: record consolidated EBITDA of ₹62,409 crore as O2C revenue jumps 44%, PAT up 33.8%

Q2 FY27 consolidated revenue up 27.8% to ₹362,268 crore, EBITDA up 23.9%, PAT up 33.8% to ₹29,550 crore.

By ScoutQuest · · 1 min read

Consolidated Revenue
₹362,268 crore (+27.8% YoY)
EBITDA
₹62,409 crore (+23.9%)
PAT
₹29,550 crore (+33.8%)
Period
Q2 FY27
Positioning
Reliance describes itself as a conglomerate spanning O2C, digital services (Jio, 542.4 Mn customers) and retail, which it says is now India's largest retailer of premium products.

📈 Consolidated Q2 FY27 revenue was ₹362,268 crore (+27.8% YoY), EBITDA ₹62,409 crore (+23.9%) and PAT ₹29,550 crore (+33.8%). O2C drove it: revenue ₹231,601 crore (+44.2%) and EBITDA ₹25,203 crore (+67.9%), which the company attributes to multi-decade high crack spreads.

📉 Jio (JPL) grew operating revenue 11.4% to ₹40,475 crore with EBITDA margin up 250 bps to 54.1% and PAT ₹8,387 crore. Retail (RRVL) PAT fell 24.3% to ₹2,611 crore; management says this reflects Digital Commerce investment, absorbed input-cost inflation, the festive shift to Q3 and a ₹108 crore 7-Eleven impairment.

🏭 Management states its Q3 priority in consumer electronics is to win the festive season, grow service and finance attachment and expand reach; in fashion it targets margin recovery via space productivity and a higher own-brand share. In refining it lists agile sourcing, high utilisation and value-chain margin maximisation.

📉 The company says net debt fell to ₹117,140 crore with net debt/EBITDA at 0.47x, and that internal cash flow funded ₹38,153 crore of quarterly capex in new energy, retail and O2C.

More numbers
  • Consolidated revenue, Q2 FY27362,268 (₹ crore)
  • Consolidated revenue YoY growth, Q2 FY2727.8%
  • Consolidated EBITDA, Q2 FY2762,409 (₹ crore)
  • Consolidated PAT, Q2 FY2729,550 (₹ crore)
  • Consolidated PAT YoY growth, Q2 FY2733.8%
  • Net debt, Sep-26117,140 (₹ crore)
  • Capex, Q2 FY27₹ 38,153 crore
  • JPL operating revenue, Q2 FY27₹40,475 crore
  • JPL EBITDA margin, Q2 FY2754.1%
  • JPL PAT, Q2 FY27₹8,387 crore
  • RRVL PAT, Q2 FY272,611 (₹ crore)
  • O2C revenue, Q2 FY27231,601 (₹ crore)
  • O2C EBITDA, Q2 FY2725,203 (₹ crore)
Source: BSE · 30 Oct 2026

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