Reliance Industries Ltd

The company's consolidated profit after tax including share of profit/(loss) of associates and JVs fell 8.9% YoY to Rs 20,589 crore in Q4 FY26. Profit before tax stood at Rs 27,195 crore, down 6.6% YoY. Gross revenue rose 12.9% YoY to Rs 325,290 crore, supported by robust momentum in its oil-to-chemicals (O2C), digital services and retail businesses. However, the oil and gas segment weighed on overall performance due to a natural decline in KG-D6 gas production. EBITDA remained stable at Rs 48,588 crore during the quarter, as strong earnings growth in digital services and a positive contribution from retail were offset by weakness in energy businesses. On the cost front, depreciation increased 9.9% YoY to Rs 14,808 crore, while finance costs rose 7.0% YoY to Rs 6,585 crore, primarily due to the operationalisation of 5G spectrum assets. Tax expenses declined marginally by 1.3% YoY to Rs 6,579 crore. For the full year FY26, profit after tax including associates and JVs rose 17.8% YoY to Rs 95,754 crore. Gross revenue increased 9.8% YoY to Rs 11,75,919 crore, while EBITDA grew 13.4% YoY to Rs 207,911 crore. Annual depreciation rose 8.6% YoY to Rs 57,688 crore, driven by higher charges in the digital services business. Finance costs climbed 11.5% YoY to Rs 27,061 crore, again linked to 5G investments, while tax expenses increased 9.2% YoY to Rs 27,552 crore. Capital expenditure for the year stood at Rs 144,271 crore, reflecting continued investments across O2C, retail, telecom and new energy initiatives. Chairman Mukesh Ambani said the company navigated a challenging macro environment marked by geopolitical tensions, volatile energy prices and shifting global trade dynamics, supported by its diversified and domestically focused portfolio. Segment Performance (Q4 FY26): Jio Platforms delivered strong growth during the quarter, with revenue rising 12.7% YoY to Rs 44,928 crore and profit increasing 13% YoY to Rs 7,935 crore. EBITDA grew 17.9% YoY to Rs 20,060 crore, supported by subscriber additions, higher ARPU and margin expansion. ARPU stood at Rs 214, up 3.8% YoY, aided by better subscriber mix and engagement, though partly impacted by fewer days in the quarter. The subscriber base crossed 524 million, including 268 million 5G users. Reliance Retail also posted steady growth, with revenue rising 10.8% YoY to Rs 98,232 crore. EBITDA came in at Rs 6,921 crore, up 3.1% YoY, while profit rose marginally by 0.5% YoY to Rs 3,563 crore. The business added 1,564 stores during FY26, taking the total count to 20,160, while its customer base expanded to 387 million. The O2C segment saw revenue increase 12.4% YoY to Rs 184,944 crore, aided by higher crude prices and improved domestic fuel volumes. However, EBITDA declined 3.7% YoY to Rs 14,520 crore due to elevated feedstock costs, higher freight and insurance expenses, under-recoveries in fuel retailing, and the impact of export duties. In the oil and gas segment, revenue fell 8.9% YoY due to lower gas price realisations and reduced volumes from KG-D6. EBITDA declined 18.1% YoY to Rs 4,195 crore, impacted by higher operating costs and government levies. Meanwhile, the JioStar business reported revenue of Rs 9,784 crore and EBITDA of Rs 827 crore for the quarter, with strong traction in digital streaming and broadcast viewership. Reliance Industries is India's largest private sector company. Its activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, advanced materials and composites, renewables (solar and hydrogen), retail and digital services. The counter was trading up 1% at Rs 1339.90 on the BSE.

Securities in F&O Ban: Shares of Steel Authority of India (SAIL) are banned from F&O trading on 27 April 2026. Q4 Results To Watch: Varun Beverages, Coal India, Adani Total Gas, AU Small Finance Bank, Aye Finance, Bajaj Housing Finance, Canara Robeco Asset Management Company , Agi Greenpac , Astec Lifesciences , City Union Bank , Prataap Snacks , Huhtamaki India , Jindal Saw , Kirloskar Pneumatic Company , Mahindra Holidays & Resorts India , Nippon Life India Asset Management , The Phoenix Mills , Piramal Finance , Punjab & Sind Bank, Rallis India , Rossari Biotech , SBI Cards and Payment Services , Supreme Industries , Tamilnad Mercantile Bank , UltraTech Cement , Unicommerce Esolutions, and Websol Energy System will declare their results later today. Stocks to Watch: Reliance Industries reported a mixed performance for the March quarter, with profit declining even as revenue growth remained strong across key segments. The company's consolidated profit after tax including share of profit/(loss) of associates and JVs fell 8.9% YoY to Rs 20,589 crore in Q4 FY26. Gross revenue rose 12.9% YoY to Rs 325,290 crore, supported by robust momentum in its oil-to-chemicals (O2C), digital services and retail businesses. However, the oil and gas segment weighed on overall performance due to a natural decline in KG-D6 gas production. Axis Bank reported a 0.64% marginally decrease in standalone net profit to Rs 7,071.31 crore in Q4 FY26 as against Rs 7,117.50 crore in Q4 FY25. Total income increased 1.90% year on year (YoY) to Rs 38,746.64 crore in Q4 FY26. The bank's net interest income (NII) for Q4 FY26 stood at Rs 14,457 crore up 5% YOY basis. Net Interest Margin (NIM) for Q4 FY26 stood at 3.62%. Core operating profit stood at Rs 10,619 crore. The bank's board also approved plan to raise up to Rs 55,000 crore. This includes up to Rs 35,000 crore via debt instruments such as bonds and debentures, and up to Rs 20,000 crore through equity issuance, including QIP, ADRs, GDRs or other permissible routes, subject to shareholder and regulatory approvals. IDFC FIRST Bank's standalone net profit rose 4.9% to Rs 318.94 crore on 7.73% increase in total income to Rs 12,182.81 crore in Q4 March 2026 over Q4 March 2025. One91 Communication (Paytm) announced that the Reserve Bank of India has cancelled the banking licence of its associate entity, Paytm Payments Bank with effect from the close of business on 24 April 2026, citing regulatory violations and concerns over depositor interest and governance. L&T Finance has reported a 26.79% rise in consolidated net profit to Rs 806.63 crore on a 18.47% increase in total income to Rs 4,771.10 crore in Q4 FY26 over Q4 FY25. The company has recommended a final dividend of Rs 2.75 per equity share (face value Rs 10) for FY26, subject to shareholder approval at the AGM. The dividend will be paid within 30 days of approval. RBL Bank's standalone net profit surged 234.37% YoY to Rs 229.71 crore in Q4 FY26 as against Rs 68.70 crore posted in Q4 FY25. Total income increased 7.01% year on year (YoY) to Rs 4,789.21 crore in the quarter ended 31 March 2026.

The company's consolidated profit after tax including share of profit/(loss) of associates and JVs fell 8.9% YoY to Rs 20,589 crore in Q4 FY26. Profit before tax stood at Rs 27,195 crore, down 6.6% YoY. Gross revenue rose 12.9% YoY to Rs 325,290 crore, supported by robust momentum in its oil-to-chemicals (O2C), digital services and retail businesses. However, the oil and gas segment weighed on overall performance due to a natural decline in KG-D6 gas production. EBITDA remained stable at Rs 48,588 crore during the quarter, as strong earnings growth in digital services and a positive contribution from retail were offset by weakness in energy businesses. On the cost front, depreciation increased 9.9% YoY to Rs 14,808 crore, while finance costs rose 7.0% YoY to Rs 6,585 crore, primarily due to the operationalisation of 5G spectrum assets. Tax expenses declined marginally by 1.3% YoY to Rs 6,579 crore. For the full year FY26, profit after tax including associates and JVs rose 17.8% YoY to Rs 95,754 crore. Gross revenue increased 9.8% YoY to Rs 11,75,919 crore, while EBITDA grew 13.4% YoY to Rs 207,911 crore. Annual depreciation rose 8.6% YoY to Rs 57,688 crore, driven by higher charges in the digital services business. Finance costs climbed 11.5% YoY to Rs 27,061 crore, again linked to 5G investments, while tax expenses increased 9.2% YoY to Rs 27,552 crore. Capital expenditure for the year stood at Rs 144,271 crore, reflecting continued investments across O2C, retail, telecom and new energy initiatives. Chairman Mukesh Ambani said the company navigated a challenging macro environment marked by geopolitical tensions, volatile energy prices and shifting global trade dynamics, supported by its diversified and domestically focused portfolio. Segment Performance (Q4 FY26): Jio Platforms delivered strong growth during the quarter, with revenue rising 12.7% YoY to Rs 44,928 crore and profit increasing 13% YoY to Rs 7,935 crore. EBITDA grew 17.9% YoY to Rs 20,060 crore, supported by subscriber additions, higher ARPU and margin expansion. ARPU stood at Rs 214, up 3.8% YoY, aided by better subscriber mix and engagement, though partly impacted by fewer days in the quarter. The subscriber base crossed 524 million, including 268 million 5G users. Reliance Retail also posted steady growth, with revenue rising 10.8% YoY to Rs 98,232 crore. EBITDA came in at Rs 6,921 crore, up 3.1% YoY, while profit rose marginally by 0.5% YoY to Rs 3,563 crore. The business added 1,564 stores during FY26, taking the total count to 20,160, while its customer base expanded to 387 million. The O2C segment saw revenue increase 12.4% YoY to Rs 184,944 crore, aided by higher crude prices and improved domestic fuel volumes. However, EBITDA declined 3.7% YoY to Rs 14,520 crore due to elevated feedstock costs, higher freight and insurance expenses, under-recoveries in fuel retailing, and the impact of export duties. In the oil and gas segment, revenue fell 8.9% YoY due to lower gas price realisations and reduced volumes from KG-D6. EBITDA declined 18.1% YoY to Rs 4,195 crore, impacted by higher operating costs and government levies. Meanwhile, the JioStar business reported revenue of Rs 9,784 crore and EBITDA of Rs 827 crore for the quarter, with strong traction in digital streaming and broadcast viewership. Reliance Industries is India's largest private sector company. Its activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, advanced materials and composites, renewables (solar and hydrogen), retail and digital services. The counter fell 1.15% to settle at Rs 1327.65 on Friday, 24 April 2026.

Reliance Industries announced that the Board of Directors of the Company at its meeting held on 24 April 2026, inter alia, have recommended the final dividend of Rs 6 per equity Share (i.e. 60%) , subject to the approval of the shareholders.

Net profit of Reliance Industries declined 12.55% to Rs 16971.00 crore in the quarter ended March 2026 as against Rs 19407.00 crore during the previous quarter ended March 2025. Sales rose 12.50% to Rs 294059.00 crore in the quarter ended March 2026 as against Rs 261388.00 crore during the previous quarter ended March 2025. For the full year,net profit rose 15.98% to Rs 80775.00 crore in the year ended March 2026 as against Rs 69648.00 crore during the previous year ended March 2025. Sales rose 9.59% to Rs 1057219.00 crore in the year ended March 2026 as against Rs 964693.00 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales294059.00261388.00 12 1057219.00964693.00 10 OPM %15.0116.77 -16.9317.15 - PBDT42003.0042582.00 -1 180850.00159153.00 14 PBT27195.0029103.00 -7 123162.00106017.00 16 NP16971.0019407.00 -13 80775.0069648.00 16 Powered by Capital Market - Live

Reliance Industries will hold a meeting of the Board of Directors of the Company on 24 April 2026.

Reliance Industries has allotted 66,088 equity shares under ESOP on 16 April 2026.

The agreement, valued at over $3 billion, is among the largest binding long-term green ammonia off-take agreements globally. The company said the SPA represents a significant milestone in India's clean-energy landscape, positioning the country as an exporter of green fuels produced through an end-to-end domestic value chain, including the manufacturing of critical clean-energy equipment, in line with India's National Green Hydrogen Mission (NGHM). RIL is developing a fully integrated new energy platform spanning renewable energy, energy storage, green hydrogen, and downstream green fuels and chemicals, supported by in-house manufacturing of key clean-energy technologies. A central pillar of this ecosystem is the indigenisation of technologies such as solar modules, battery energy storage systems (BESS), and electrolyser systems, aligning with the Government of India's vision for self-reliance and domestic manufacturing leadership. By integrating these capabilities within a single ecosystem, RIL aims to deliver green energy solutions that are competitive, scalable, and reliable for global markets while strengthening India's industrial base. The agreement with Samsung C&T is the first in a series of long-term offtake partnerships supporting the scale-up of RIL's New Energy platform. Anant Ambani, executive director, Reliance Industries, said, 'We are proud to partner with Samsung C&T to supply green ammonia that is cost-competitive and reliable. This partnership marks an important step in India's clean-energy journey. RIL's New Energy initiative aims not only to advance the energy transition but also to build a strong industrial platform for India by integrating India's renewable resources with the country's manufacturing leadership, world-class talent and innovation to produce valueadded green fuels and chemicals at scale. At the heart of this vision is our commitment to indigenising the critical technologies of the energy transition ' solar, battery energy storage systems, and electrolysers ' under a strong Make-in-India framework. Partnerships such as this will help scale our green hydrogen ecosystem and gigafactories, while contributing to India's ambition of becoming a global hub for green hydrogen and its derivatives.' Reliance Industries is India's largest private sector company. Its activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, advanced materials and composites, renewables (solar and hydrogen), retail and digital services. On a consolidated basis, the conglomerate reported a 1.6% rise in net profit to Rs 22,290 crore on a 10% increase in gross revenue to Rs 293,829 crore in Q3 FY26 over Q3 FY25. The counter rose 0.29% to Rs 1,399.05 on the BSE. Powered by Capital Market - Live

Securities in F&O Ban: Sammaan Capital and Steel Authority of India shares are banned from F&O trading on 17 March 2026. Stocks to Watch: Reliance Industries (RIL) announced that it has entered into a binding long-term Supply and Purchase Agreement (SPA) with Samsung C&T Corporation, South Korea, for the supply of green ammonia over a 15-year period commencing in the second half of FY2029. L&T Technology Services announced the launch of an Nvidia-powered AI Lung Digital Twin platform for advanced respiratory diagnostics. Sun Pharmaceutical Industries announced that the US FDA has accepted the supplemental Biologics License Application (sBLA) for ILUMYA to treat active psoriatic arthritis. Gujarat Mineral Development Corporation (GMDC) announced that it has entered into a strategic collaboration pact with NMDC to explore opportunities in the rare earth elements sector. Rail Vikas Nigam announced that it has received a Letter of Award (LoA) worth Rs 95 crore from NMDC. Power Mech Projects announced that it has secured an order worth Rs 710 crore from Adani Infrastructure Management. RailTel Corporation of India announced that it has bagged a work order worth Rs 42.63 crore from National Informatics Centre Services Incorporated. Powered by Capital Market - Live

The Nifty 30 March 2026 futures closed at 23,918, a premium of 51.15 points compared with the Nifty's closing at 23,866.85 in the cash market. In the cash market, the Nifty 50 index tumbled 394.75 points or 1.63% to 23,866.85. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, was up 11.41% to 21.06. Reliance Industries, HDFC Bank and Dixon Technologies (India) were the top-traded individual stock futures contracts in the F&O segment of the NSE. The March 2026 F&O contracts will expire on 30 March 2026. Powered by Capital Market - Live