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RIL Profit Dips 13% Amidst Volatile Markets
24 Apr
Summary
- Reliance Industries reported a 13% YoY profit decline to Rs 16,971 crore.
- Revenue grew 13% YoY to Rs 2.98 lakh crore, driven by retail and digital.
- Mukesh Ambani cited geopolitical disruptions and volatile energy prices.
Reliance Industries reported a 13% year-on-year decrease in consolidated net profit for the fourth quarter of the 2025-26 fiscal year, totaling Rs 16,971 crore. Revenue from operations, however, climbed 13% to Rs 2.98 lakh crore during the same period.
Chairman Mukesh Ambani highlighted that geopolitical disruptions and volatile energy prices presented significant headwinds. The company's diversified portfolio and strong domestic focus were key in navigating these challenges.
Growth drivers included the O2C business, digital services, and retail. Reliance Jio reported a 13% YoY rise in revenue to Rs 44,928 crore and a 13% profit increase to Rs 7,935 crore.
Reliance Retail saw its net profit inch up 0.5% to Rs 3,563 crore on an 11% revenue growth to Rs 87,344 crore. The O2C segment's revenue grew 12% to Rs 1.84 lakh crore, though EBITDA declined 4% due to cost pressures.
