Reliance Industries shares are likely to remain in focus on Monday, 2 November, after the Mukesh Ambani-led conglomerate reported a record quarterly profit for the July-September quarter on Friday, 30 October. The company’s strong performance was driven by a sharp recovery in its oil-to-chemicals (O2C) business and continued growth in digital services, which helped offset relatively subdued earnings from retail.
Reliance Industries Ltd (RIL) reported a consolidated profit after tax, including its share of associates and joint ventures, of ₹29,550 crore in the second quarter of FY27, marking a 33.8% increase from ₹22,092 crore in the corresponding period last year. Net profit attributable to owners of the company rose 40% year-on-year to ₹25,548 crore.
Consolidated revenue increased 27.8% year-on-year to ₹3,62,268 crore, while EBITDA grew 23.9% to a record ₹62,409 crore. The latest quarterly profit also exceeded the ₹23,196 crore reported in the previous quarter, setting a new high for India’s largest listed company by market capitalisation.
The O2C business emerged as the biggest contributor to earnings growth, benefiting from stronger global transportation fuel cracks and improving petrochemical margins. EBITDA from the segment jumped 67.9% year-on-year to ₹25,203 crore, while revenue rose 44.2% to ₹2,31,601 crore.
Global supply disruptions linked to the West Asia conflict, including tensions around the Strait of Hormuz, along with attacks on refining infrastructure in the region and Russia, pushed fuel cracks to 3.0–3.7 times their year-ago levels. Dated Brent crude averaged $97 per barrel during the quarter, up 40.6% year-on-year.