Reliance posts record quarterly EBITDA of Rs. 54,067 Cr

The Oil-to-Chemicals (O2C) business delivered a strong performance, with EBITDA rising 17.2% year-on-year to Rs. 17,010 crore

Reliance Industries Limited (RIL) has reported a strong start to FY27, posting record quarterly earnings as its digital services, retail and oil-to-chemicals businesses delivered robust operating performance despite global market volatility.

The company’s consolidated revenue surged 24.5% year-on-year to Rs. 340,257 crore, while recurring consolidated EBITDA reached a record Rs. 54,067 crore, rising 10.1% year-on-year. Recurring consolidated profit after tax and share of profit from associates and joint ventures stood at Rs. 23,196 crore, up 6.1% year-on-year.

The Oil-to-Chemicals (O2C) business delivered a strong performance, with EBITDA rising 17.2% year-on-year to Rs. 17,010 crore, supported by stronger transportation fuel cracks and improved downstream margins. O2C revenue for 1Q FY27 increased by 30.4% Y-o-Y to Rs. 201,803 crore ($ 21.3 billion) mainly due to sharp increase in crude oil prices by 54.1% Y-o-Y partially offset by lower production due to planned turnaround.The Oil and Gas segment also maintained stable EBITDA performance, aided by improved realisations from KG D6 liquids.

Capital expenditure during the quarter stood at Rs. 38,682 crore, with Reliance continuing investments across O2C, New Energy, digital infrastructure and consumer businesses.

Commenting on the results, Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries Limited, said: "Reliance has made a steady start to FY27, with all businesses delivering strong operating performance. Our diverse business portfolio has once again demonstrated its resilience in a quarter which witnessed continuing geopolitical tensions and volatile commodity markets.”

Anant M Ambani, Executive Director, Reliance Industries Limited, said "Our Energy business delivered a stellar performance in a backdrop of macro challenges arising out of the largest energy market dislocation. The results reflect the inherent strength of deeply integrated O2C operations and our agile response to changes in the market environment. Along with delivering a superior financial performance, I am particularly proud of the efforts our business undertook to protect Indian consumers with uninterrupted supply of essential fuels. We are excited by the growth prospects of the new energy business and the role it will play in ensuring energy independence for India in the coming years."