Reliance Industries Q2 Results Show Strong Year-on-Year Growth
Mukesh Ambani-led Reliance Industries Q2 results have demonstrated robust financial performance for the quarter ended September 30, 2025. The oil-to-telecom conglomerate reported a consolidated net profit of Rs 18,165 crore, marking a 9.67% increase compared to Rs 16,563 crore in the same quarter last year. This solid growth in Reliance Industries Q2 results reflects the company’s diversified business model and operational excellence across multiple sectors.
The Reliance Industries Q2 results revealed that revenue from operations advanced 9.94% year-on-year to Rs 2,58,898 crore, compared to Rs 2,35,481 crore in the corresponding period of FY25. The gross revenue for the quarter stood at Rs 2,83,548 crore, representing a 9.9% year-on-year increase. These impressive numbers in the Reliance Industries Q2 results underscore the company’s ability to sustain growth momentum across its core business segments.
EBITDA Performance Highlights Strong Operational Efficiency
The Reliance Industries Q2 results showcased exceptional EBITDA performance, with consolidated EBITDA registering a 14.6% year-on-year growth to Rs 50,367 crore. The EBITDA margin improved to 17.8%, gaining 80 basis points over the corresponding quarter of the previous financial year. This margin expansion in the Reliance Industries Q2 results reflects agile business operations, a domestic-focused portfolio, and structural growth in the Indian economy.
Chairman and Managing Director Mukesh D. Ambani commented on the Reliance Industries Q2 results, stating, “Reliance delivered a robust performance during Q2FY26 led by strong contribution from O2C, Jio and Retail businesses. Consolidated EBITDA registered 14.6% growth on a year-on-year basis, reflecting agile business operations, domestic focused portfolio and structural growth in Indian economy”.
Oil-to-Chemicals Business Drives Revenue Growth
The Oil-to-Chemicals (O2C) segment in the Reliance Industries Q2 results posted impressive numbers with revenue at Rs 1,60,558 crore, up 3.2% year-on-year. The O2C EBITDA grew by 20.9% to Rs 15,008 crore, driven by stronger fuel cracks and improved polymer spreads. The Reliance Industries Q2 results showed that the O2C business delivered robust growth despite continued volatility in energy markets. Fuel margins recovered over the previous year led by middle distillate cracks, supporting the overall performance shown in the Reliance Industries Q2 results.
Reliance Jio Achieves Milestone Subscriber Base
The Reliance Industries Q2 results revealed that Reliance Jio crossed the significant milestone of 500 million subscribers, with total subscriber base reaching 506.4 million. Jio Platforms Limited reported revenue of Rs 42,652 crore, up 14.9% year-on-year, with EBITDA growing 17.7% to Rs 18,757 crore. The monthly ARPU (average revenue per user) in the Reliance Industries Q2 results improved to Rs 211.4, representing an 8.4% year-on-year increase due to increased customer engagement and tariff hikes.
The JioTrue5G user base increased to 234 million as of September 2025, with 5G now accounting for approximately 50% of total wireless traffic. These figures in the Reliance Industries Q2 results demonstrate Jio’s technology leadership and network superiority in India’s telecom sector.
Reliance Retail Maintains Growth Momentum
The Reliance Industries Q2 results showed that Reliance Retail Ventures Limited (RRVL) delivered strong performance with revenue rising 18% year-on-year to Rs 90,018 crore. The retail segment’s EBITDA grew 16.5% to Rs 6,816 crore, while net profit surged 21.9% to Rs 3,457 crore compared to Rs 2,836 crore in Q2FY25. The Reliance Industries Q2 results indicated that all retail formats registered higher volumes, propelling strong growth in both revenue and EBITDA.
During the quarter covered in the Reliance Industries Q2 results, the company added 412 new stores, taking the total store count to 19,821 stores spanning 77.8 million square feet. Grocery revenue grew 23% year-on-year, fashion and lifestyle rose 22%, and consumer electronics increased 18%. JioMart added 5.8 million new customers, representing a quarter-on-quarter growth rate of 120%.
Capital Expenditure and Future Growth Plans
The Reliance Industries Q2 results reported capital expenditure of Rs 40,010 crore, primarily allocated for O2C expansion, Jio network enhancement, retail footprint growth, and new energy giga factories. Mukesh Ambani emphasized in the Reliance Industries Q2 results announcement that the company’s initiatives in the AI domain are aimed at ensuring Reliance stays at the forefront of evolving technologies.
The new growth engines of new energy, media, and consumer brands will build on Reliance’s legacy of creating industry leaders, focused on technology and innovation to provide Indian consumers the right products and services at the right price. These strategic investments highlighted in the Reliance Industries Q2 results position the company for sustained long-term growth.
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