Reliance Industries Q1 Results: Revenue jumps 24.5 per cent; All eyes now on the Jio IPO
The Mukesh Ambani-led conglomerate posted consolidated revenue of approximately ₹ 3,40,257 crore, up 24.5 per cent Y-o-Y
Reliance Industries' Q1 FY27 results revealed a consolidated revenue of approximately ₹ 3,40,257 crore, a 24.5% year-on-year increase, primarily driven by robust performance in its Oil-to-Chemicals (O2C), retail, and telecom segments. The O2C business reported a 30.4% revenue jump, bolstered by rising crude prices, while Reliance Retail achieved a 7.4% increase. Jio Platforms Limited saw its quarterly revenue rise by 12.0% to ₹ 45,961 crore, with digital services growing 20% and its total subscriber base surpassing 533 million, including 285 million Jio True5G subscribers. Chairman Mukesh D. Ambani commended the steady start to FY27 and the resilience of the conglomerate's diverse businesses in facing geopolitical tensions and volatile commodity markets.
Reliance Industries' Q1 FY27 results revealed a consolidated revenue of approximately ₹ 3,40,257 crore, a 24.5% year-on-year increase, primarily driven by robust performance in its Oil-to-Chemicals (O2C), retail, and telecom segments. The O2C business reported a 30.4% revenue jump, bolstered by rising crude prices, while Reliance Retail achieved a 7.4% increase. Jio Platforms Limited saw its quarterly revenue rise by 12.0% to ₹ 45,961 crore, with digital services growing 20% and its total subscriber base surpassing 533 million, including 285 million Jio True5G subscribers. Chairman Mukesh D. Ambani commended the steady start to FY27 and the resilience of the conglomerate's diverse businesses in facing geopolitical tensions and volatile commodity markets.
Reliance Industries' Q1 FY27 results revealed a consolidated revenue of approximately ₹ 3,40,257 crore, a 24.5% year-on-year increase, primarily driven by robust performance in its Oil-to-Chemicals (O2C), retail, and telecom segments. The O2C business reported a 30.4% revenue jump, bolstered by rising crude prices, while Reliance Retail achieved a 7.4% increase. Jio Platforms Limited saw its quarterly revenue rise by 12.0% to ₹ 45,961 crore, with digital services growing 20% and its total subscriber base surpassing 533 million, including 285 million Jio True5G subscribers. Chairman Mukesh D. Ambani commended the steady start to FY27 and the resilience of the conglomerate's diverse businesses in facing geopolitical tensions and volatile commodity markets.
Reliance Industries Q1 Results: Reliance Industries Ltd (RIL) announced its Q1 FY27 financial results on Friday, reporting strong revenue growth driven by impressive performances across its oil-to-chemicals, retail and telecom businesses.
The Mukesh Ambani-led conglomerate posted consolidated revenue of approximately ₹ 3,40,257 crore, up 24.5 per cent Y-o-Y. Oil to Chemicals (O2C) revenue increased by 30.4% Y-o-Y. This was largely driven by a sharp increase in crude prices, partially offset by lower production meant for sale. Reliance Jio recorded a total subscriber base of over 533 million, with 285 million Jio True5G subscribers.
“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 that witnessed continuing geopolitical tensions and volatile commodity markets," said Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries Limited.
Jio Platforms Limited (JPL) recorded its quarterly revenue at ₹ 45,961 crore, up 12.0 per cent Y-o-Y. The company informed that digital services saw a growth of 20 per cent Y-o-Y, which was driven by content, cloud compute, IoT and managed services.
"Jio has established itself as a deep tech company and demonstrated the velocity of innovation across multiple advanced technologies. This is underlined by our strong patent portfolio which has been recognised globally," mentioned Akash M Ambani, Managing Director of Jio Platforms Limited.
Quarterly Revenue Reliance Retail reported its quarterly revenue at ₹ 90,408 crore, up 7.4% Y-o-Y. The company's Oil-to-Chemicals (O2C) business also posted a solid performance despite global volatility in energy markets. Its quarterly revenue was recorded at ₹ 201,803 crore ($ 21.3 billion), up 30.4% Y-o-Y. Investors are now watching closely the proposed Jio IPO that is expected to hit the market soon.