India’s most valuable company Reliance Industries Limited (RIL) has released the results for the third quarter (October–December) of the current financial year 2026. The company’s total revenue increased by 10% year-on-year to Rs 2.94 lakh crore, compared to Rs 2.67 lakh crore in the same quarter last year. According to moneycontrol news, net profit increased by 1.6% in the third quarter i.e. Q3 and stood at Rs 22,290 crore. Profit before tax increased by 3.7% to Rs 29,697 crore. The company’s consolidated EBITDA increased by 6.1% to Rs 50,932 crore. Strong earnings from Digital Services and O2C (Oil to Chemical) business segments supported EBITDA.
Increase in oil to chemical business
The Oil to Chemicals business benefited from sharp growth in Transportation Fuel Crack. Transportation fuel cracks witnessed a 62–106% year-on-year increase in the quarter. O2C EBITDA stood at Rs 16,507 crore, up 15% compared to last year.
Growth in Jio-BP fuel retailing business
Jio-BP fuel retailing business also continued its growth. Fuel volumes increased 24% due to increased sales of gasoline and high-speed diesel. Jio-BP had 2,125 outlets operational by December 2025, which is 14% more than last year.
What did Chairman Mukesh Ambani say
Mukesh Ambani, Chairman and Managing Director of Reliance Industries, said that Reliance’s consolidated performance in 3Q FY26 reflects consistent financial delivery and operational strength across all businesses. The strength of the O2C business is driven by better demand-supply dynamics and operational flexibility. With the expansion of Jio-BP network, fuel retailing business witnessed tremendous growth.
Oil and gas business performance
The company’s oil and gas segment continued to weigh on overall performance. Operating expenses increased due to natural depletion of reservoir in KGD6 block, low prices and maintenance activities, which impacted production. The segment’s EBITDA declined 13% to Rs 4,857 crore, and revenue declined 8.4% to Rs 5,833 crore.
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