Reliance Industries Posts Strong Q3 Surge: Revenue Crosses ₹2.93 Lakh Crore; Jio, Retail Power Robust Growth

Mumbai, India | January 16, 2026

Reliance Industries Ltd. (RIL), India’s most valuable company, reported a powerful financial performance for the third quarter of FY 2025–26, with consolidated revenue climbing 10% year-on-year to ₹2,93,829 crore (US$32.7 billion). The surge was supported by strong momentum in Jio, steady expansion across Reliance Retail, and an improvement in the Oil-to-Chemicals (O2C) segment.

RIL’S consolidated EBITDA rose 6.1% to ₹50,932 crore, reflecting operational strength across its diversified portfolio.

📌 Balance Sheet & Profitability

Reliance recorded a net profit of ₹22,290 crore, up 1.6% from the same quarter last year.
The company continued its aggressive investment strategy with ₹33,826 crore in capital expenditure, largely directed toward:

• New Energy initiatives

• O2C upgrades

• Jio’s 5G and fiber network expansion

Net debt marginally reduced to ₹1,17,102 crore, signaling stable financial health.

📡 Jio Platforms: Rapid Growth in Subscribers and 5G

Jio delivered one of its strongest quarters yet:

• Net profit: Up 11.2% to ₹7,629 crore

• New subscribers: 8.9 million, taking the total base to 515.3 million

• 5G dominance:

  • 253 million True5G users

  • 5G now accounts for 53% of total wireless data traffic

• ARPU: Rose to ₹213.7

• Data consumption: 40.7 GB per user per month

Jio also rolled out promotional offerings including Jio-Gemini partnerships and YouTube Premium bundles, strengthening customer retention.

🛒 Reliance Retail: Expansion Continues at Record Pace

Reliance Retail posted ₹97,605 crore in revenue, an annual increase of 8.1%.
Key highlights:

• New stores added: 431 in Q3

• Total stores: 19,979 across India

• JioMart boom:

  • Daily orders crossed 1.6 million

  • Over 360% YoY growth

• Customer interactions: Surpassed 500 million transactions this quarter

Reliance Retail continues to be a major growth pillar for the conglomerate.

⚙️ Energy Vertical: O2C Strength, Upstream Weakness

The O2C segment posted ₹1,62,095 crore in revenue, with EBITDA rising 14.6% driven by improved fuel margins.

However, the upstream oil & gas business saw challenges:

• Revenue fell 8.4% to ₹5,833 crore

• Lower production and weaker prices from the KGD6 block contributed to the decline

📺 Media Business: JioStar Records Strong Quarter

JioStar generated ₹8,010 crore in revenue.
JioHotstar’s monthly active users (MAUs) surged to 450 million, signaling strong digital adoption.

🗣️ Mukesh Ambani’s Statement

Announcing the Q3 results, Reliance CMD Mukesh Ambani said the company is entering a new phase of value creation through AI and New Energy, reaffirming RIL’s long-term focus on sustainability and technological leadership.

International rating agency S&P has assigned RIL an A- rating, reflecting the group’s financial strength.