Reliance Q3: Revenue Jumps 10% Driven by Digital, O2C; Net Profit Up 1.6%

• Reliance Industries reported a 10% year-on-year consolidated revenue increase to Rs 2.94 lakh crore in Q3 FY26, fueled by digital services, oil-to-chemicals (O2C), and retail businesses.
• Net profit (pre-minority) rose 1.6% to Rs 22,290 crore, while consolidated EBITDA increased 6.1% to Rs 50,932 crore, primarily from digital and O2C segments.
• O2C EBITDA surged 15% to Rs 16,507 crore due to higher transportation fuel cracks and increased volumes, despite lower chemical margins.
• Digital services revenue grew 12.7% to Rs 43,683 crore, with EBITDA up 16.4%, driven by subscriber additions and margin expansion. Jio's subscriber base reached 515.3 million, with 5G users exceeding 250 million.
• Retail business revenue rose 8.1% to Rs 97,605 crore, and EBITDA increased to Rs 6,915 crore, despite festive demand distribution and demerger impacts. Oil and gas business saw a 13% EBITDA decline.

Why It Matters: Reliance Industries achieved robust Q3 growth, with digital and O2C segments driving revenue and profit increases.