Reliance Q1 Profit Soars; Retail, Power, Jio Surge

Reliance Industries Limited (RIL) reported a 76% year-on-year increase in consolidated net profit to approximately Rs 30,700 crore for Q1 FY26, significantly boosted by a one-time gain from the sale of Asian Paints shares. Gross revenue rose 6% to Rs 273,252 crore, driven by strong results in retail and digital segments, even as the oil-to-chemicals business faced volatility from fluctuating crude prices. Reliance Retail achieved a 28.3% rise in net profit to Rs 3,271 crore and an 11.3% increase in revenue, supported by growth in grocery, fashion, and new store formats. Jio Platforms' net profit grew 25% to Rs 7,110 crore, with the platform surpassing 200 million 5G subscribers and 20 million home broadband connections. Reliance Power reported a net profit of Rs 45 crore after a loss last year, reflecting operational improvements and investment in clean energy. The group overall demonstrated resilience and growth across its diverse business lines, with ongoing investments in digital, retail, and clean energy.