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.
