Reliance Industries Ltd reported its strongest-ever quarterly financial performance in the September quarter, with record revenue, EBITDA and net profit, as robust performance in its oil-to-chemicals business and growth in digital services and retail drove a 28 percent increase in revenue.
Consolidated revenue rose to a record Rs 3.62 lakh crore in the fiscal second quarter. EBITDA grew 24 percent to an all-time high of Rs 62,409 crore, while net profit increased 34 percent to a record Rs 29,550 crore. The company’s net profit for the first half of FY27 crossed Rs 50,000 crore for the first time.
Reliance Industries incurred capital expenditure of Rs 38,153 crore during the quarter, funding projects in its oil-to-chemicals and new energy businesses, while expanding infrastructure and distribution networks across its consumer businesses. Net debt stood at Rs 1.17 lakh crore at the end of September, down from Rs 1.23 lakh crore at the end of June. The net debt-to-EBITDA ratio improved to 0.47 times.
Mukesh D Ambani, Chairman and Managing Director, Reliance Industries, said: "During 2Q FY27, our businesses delivered a strong performance despite a complex operating environment. Commodity markets remained volatile while geopolitical tensions continued to weigh on global supply chains. Against this backdrop, the domestic orientation of our portfolio, combined with operational discipline and versatility of our integrated businesses, helped Reliance navigate external volatility effectively."
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