Mukesh Ambani's Reliance Industries reported almost a flat net profit of Rs 18,645 crore for the third quarter ending December 31.
According to the company, weakness in its retail business offset gains in other segments. Its net profit stood at Rs 18,645 crore in the third quarter of the current 2025-26 fiscal year, compared to Rs 18,540 crore a year back.
The country's largest conglomerate saw muted earnings growth in the retail business on GST rate rationalisation, even as its energy and digital businesses provided support.
The revenue growth of the diversified conglomerate wasled by robust performance in digital services and retail.
YoY EBITDA growth was driven by O2C (Oil to Chemicals), which saw a surge of 14.6 per cent. Digital Services saw an increase of 16.1 per cent.
Consolidated PAT increased 1.6 per cent due to higher finance and depreciation costs, as per the company. RIL's standalone PAT stood at Rs 9,396 cr, an increase of 7.7 per cent YoY.
Jio platforms PAT stood at Rs 7,629 crore, a 11.3 per cent increase YoY, which is attributed to a rise in subscriber base, average revenue per user, and scaling up of digital services. The revenue from operations of Jio Platforms, which houses Reliance Industries' telecom and digital businesses, rose 12.7 per cent to Rs 37,262 crore during the quarter from Rs 33,074 crore in the year-ago period.